Credit Group (ASX:CCP) Days Sales Outstanding : 176.32 (As of Dec. 2024)

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What is Credit Group Days Sales Outstanding?

Credit Group's average Accounts Receivable for the six months ended in Dec. 2024 was A$226.1 Mil. Credit Group's Revenue for the six months ended in Dec. 2024 was A$234.0 Mil. Hence, Credit Group's Days Sales Outstanding for the six months ended in Dec. 2024 was 176.32.

The historical rank and industry rank for Credit Group's Days Sales Outstanding or its related term are showing as below:

ASX:CCP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.54 Med: 241.1 Max: 350.39
Current: 122.35

During the past 13 years, Credit Group's highest Days Sales Outstanding was 350.39. The lowest was 0.54. And the median was 241.10.

ASX:CCP's Days Sales Outstanding is ranked worse than
70.82% of 281 companies
in the Credit Services industry
Industry Median: 40.87 vs ASX:CCP: 122.35

Credit Group's Days Sales Outstanding declined from Dec. 2023 (180.79) to Dec. 2024 (176.32).

Credit Group Days Sales Outstanding Historical Data

The historical data trend for Credit Group's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Credit Group Days Sales Outstanding Chart

Credit Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Sales Outstanding

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350.39

320.80

335.43

339.67

348.32

Credit Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial															171.47	177.76	180.79	179.54	176.32

Competitive Comparison of Credit Group's Days Sales Outstanding

For the Credit Services subindustry, Credit Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Credit Group's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Credit Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Credit Group's Days Sales Outstanding falls into.

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Credit Group Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Credit Group's Days Sales Outstanding for the fiscal year that ended in Jun. 2024 is calculated as

	Days Sales Outstanding (A: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (407.465	+	438.196)	/	2 )	/	443.075	*	365
=	422.8305					/	443.075	*	365
=	348.32

Credit Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (438.196	+	14.012)	/	2 )	/	234.034	*	365 / 2
=	226.104					/	234.034	*	365 / 2
=	176.32

Credit Group (ASX:CCP) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Credit Group Days Sales Outstanding Related Terms

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Credit Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Corp Group Ltd (ASX:CCP) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

2RC:Germany

Address

201 Kent Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://www.creditcorp.com.au

Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale but is also subject to increased regulatory scrutiny.

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