Close The Loop (ASX:CLG) Days Sales Outstanding : 48.35 (As of Dec. 2023)

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What is Close The Loop Days Sales Outstanding?

Close The Loop's average Accounts Receivable for the six months ended in Dec. 2023 was A$27.6 Mil. Close The Loop's Revenue for the six months ended in Dec. 2023 was A$104.3 Mil. Hence, Close The Loop's Days Sales Outstanding for the six months ended in Dec. 2023 was 48.35.

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

ASX:CLG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.03 Med: 74.59 Max: 91.51
Current: 53.03

During the past 2 years, Close The Loop's highest Days Sales Outstanding was 91.51. The lowest was 53.03. And the median was 74.59.

ASX:CLG's Days Sales Outstanding is ranked better than
66.09% of 230 companies
in the Waste Management industry
Industry Median: 72 vs ASX:CLG: 53.03

Close The Loop's Days Sales Outstanding declined from Dec. 2022 (64.59) to Dec. 2023 (48.35).

Close The Loop Days Sales Outstanding Historical Data

The historical data trend for Close The Loop'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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Close The Loop Days Sales Outstanding Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Days Sales Outstanding

91.51

57.66

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	135.47	60.48	64.59	58.12	48.35

Competitive Comparison of Close The Loop's Days Sales Outstanding

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Days Sales Outstanding distribution charts can be found below:

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

Close The Loop 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.

Close The Loop'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
=	( (17.583	+	25.362)	/	2 )	/	135.934	*	365
=	21.4725					/	135.934	*	365
=	57.66

Close The Loop'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
=	( (25.362	+	29.921)	/	2 )	/	104.335	*	365 / 2
=	27.6415					/	104.335	*	365 / 2
=	48.35

Close The Loop (ASX:CLG) Days Sales Outstanding Explanation

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

Close The Loop Days Sales Outstanding Related Terms

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Close The Loop (ASX:CLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.closetheloop.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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