Veem (ASX:VEE) Days Sales Outstanding : 54.73 (As of Jun. 2024)

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What is Veem Days Sales Outstanding?

Veem's average Accounts Receivable for the six months ended in Jun. 2024 was A$12.90 Mil. Veem's Revenue for the six months ended in Jun. 2024 was A$43.03 Mil. Hence, Veem's Days Sales Outstanding for the six months ended in Jun. 2024 was 54.73.

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

ASX:VEE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.58 Med: 61.35 Max: 74.71
Current: 54.19

During the past 8 years, Veem's highest Days Sales Outstanding was 74.71. The lowest was 52.58. And the median was 61.35.

ASX:VEE's Days Sales Outstanding is ranked better than
61.31% of 305 companies
in the Aerospace & Defense industry
Industry Median: 64.57 vs ASX:VEE: 54.19

Veem's Days Sales Outstanding declined from Jun. 2023 (57.35) to Jun. 2024 (54.73).

Veem Days Sales Outstanding Historical Data

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

Veem Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Sales Outstanding

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61.07

55.95

66.01

61.62

52.58

Veem Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial											59.52	67.40	57.35	55.30	54.73

Competitive Comparison of Veem's Days Sales Outstanding

For the Aerospace & Defense subindustry, Veem'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.

Veem's Days Sales Outstanding Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Veem's Days Sales Outstanding distribution charts can be found below:

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

Veem 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.

Veem'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
=	( (10.059	+	13.142)	/	2 )	/	80.527	*	365
=	11.6005					/	80.527	*	365
=	52.58

Veem's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (12.666	+	13.142)	/	2 )	/	43.032	*	365 / 2
=	12.904					/	43.032	*	365 / 2
=	54.73

Veem (ASX:VEE) Days Sales Outstanding Explanation

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

Veem Days Sales Outstanding Related Terms

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Veem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Veem Ltd (ASX:VEE) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

22 Baile Road, Canning Vale, WA, AUS, 6155

Website

https://veem.com.au

Veem Ltd is a marine technology company engaged in the production of propulsion and stabilization systems. The company also manufactures bespoke engineered products and services for the marine, defense, and mining industries.

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