DraftKings (BSP:D2KN34) Days Sales Outstanding : 21.81 (As of Dec. 2023)

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What is DraftKings Days Sales Outstanding?

DraftKings's average Accounts Receivable for the three months ended in Dec. 2023 was R$1,442 Mil. DraftKings's Revenue for the three months ended in Dec. 2023 was R$6,031 Mil. Hence, DraftKings's Days Sales Outstanding for the three months ended in Dec. 2023 was 21.81.

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

BSP:D2KN34' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.01 Med: 28.4 Max: 34.41
Current: 22.01

During the past 7 years, DraftKings's highest Days Sales Outstanding was 34.41. The lowest was 22.01. And the median was 28.40.

BSP:D2KN34's Days Sales Outstanding is ranked better than
58.93% of 801 companies
in the Travel & Leisure industry
Industry Median: 29.77 vs BSP:D2KN34: 22.01

DraftKings's Days Sales Outstanding increased from Dec. 2022 (18.22) to Dec. 2023 (21.81).

DraftKings Days Sales Outstanding Historical Data

The historical data trend for DraftKings'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.

* Premium members only.

DraftKings Days Sales Outstanding Chart

DraftKings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

28.23

29.28

23.35

25.79

28.65

DraftKings Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															18.22	22.45	16.67	21.74	21.81

Competitive Comparison of DraftKings's Days Sales Outstanding

For the Gambling subindustry, DraftKings'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.

DraftKings's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's Days Sales Outstanding distribution charts can be found below:

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

DraftKings 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.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1107.724	+	1711.544)	/	2 )	/	17959.693	*	365
=	1409.634					/	17959.693	*	365
=	28.65

DraftKings'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1171.771	+	1711.544)	/	2 )	/	6030.953	*	365 / 4
=	1441.6575					/	6030.953	*	365 / 4
=	21.81

DraftKings (BSP:D2KN34) Days Sales Outstanding Explanation

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

DraftKings Days Sales Outstanding Related Terms

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

DraftKings (BSP:D2KN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (BSP:D2KN34) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

DKNG:USA DKNG:Mexico 8DEA:Germany

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

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