CardieX (ASX:CDX) Days Sales Outstanding : 26.77 (As of Dec. 2023)

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What is CardieX Days Sales Outstanding?

CardieX's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.39 Mil. CardieX's Revenue for the six months ended in Dec. 2023 was A$9.47 Mil. Hence, CardieX's Days Sales Outstanding for the six months ended in Dec. 2023 was 26.77.

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

ASX:CDX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.71 Med: 117.65 Max: 155.63
Current: 31.71

During the past 13 years, CardieX's highest Days Sales Outstanding was 155.63. The lowest was 31.71. And the median was 117.65.

ASX:CDX's Days Sales Outstanding is ranked better than
89.71% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.66 vs ASX:CDX: 31.71

CardieX's Days Sales Outstanding declined from Dec. 2022 (87.26) to Dec. 2023 (26.77).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

CardieX Days Sales Outstanding Historical Data

The historical data trend for CardieX'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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CardieX Days Sales Outstanding Chart

CardieX Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

Get a 7-Day Free Trial

110.94

86.77

100.85

65.74

124.35

CardieX Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															54.31	69.40	87.26	80.47	26.77

Competitive Comparison of CardieX's Days Sales Outstanding

For the Medical Devices subindustry, CardieX'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.

CardieX's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, CardieX's Days Sales Outstanding distribution charts can be found below:

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

CardieX 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.

CardieX's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.861	+	2.276)	/	2 )	/	4.604	*	365
=	1.5685					/	4.604	*	365
=	124.35

CardieX's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2.276	+	0.502)	/	2 )	/	9.471	*	365 / 2
=	1.389					/	9.471	*	365 / 2
=	26.77

CardieX (ASX:CDX) Days Sales Outstanding Explanation

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

CardieX Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of CardieX's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

CardieX (ASX:CDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CardieX Ltd (ASX:CDX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Lime Street, Suite 301, Level 3, Sydney, NSW, AUS, 2000

Website

https://www.cardiex.com

CardieX Ltd is a global health technology company, developing solutions for health disorders. The AtCor Medical division develops medical devices for measuring arterial stiffness and central blood pressure waveforms based on its patented SphygmoCor technology. It also develops and licenses its Arty platform consisting of physiological and health analytics for wearable devices. It reports in a single segment being sales of cardiovascular devices and services to hospitals, clinics, research institutions, and pharmaceutical companies. The company has three reportable segments by geographic area namely the Americas includes, global pharmaceutical trials business, Europe includes, the Middle East and Africa and the Asia Pacific includes, Asia and Australia/New Zealand.

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