CNVVF (ConvaTec Group) Days Sales Outstanding : 50.28 (As of Jun. 2024)

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What is ConvaTec Group Days Sales Outstanding?

ConvaTec Group's average Accounts Receivable for the six months ended in Jun. 2024 was $307 Mil. ConvaTec Group's Revenue for the six months ended in Jun. 2024 was $1,113 Mil. Hence, ConvaTec Group's Days Sales Outstanding for the six months ended in Jun. 2024 was 50.28.

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

CNVVF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.16 Med: 48.4 Max: 56.37
Current: 56.37

During the past 11 years, ConvaTec Group's highest Days Sales Outstanding was 56.37. The lowest was 44.16. And the median was 48.40.

CNVVF's Days Sales Outstanding is ranked better than
61.62% of 813 companies
in the Medical Devices & Instruments industry
Industry Median: 65.03 vs CNVVF: 56.37

ConvaTec Group's Days Sales Outstanding declined from Jun. 2023 (59.57) to Jun. 2024 (50.28).

ConvaTec Group Days Sales Outstanding Historical Data

The historical data trend for ConvaTec 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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ConvaTec Group Days Sales Outstanding Chart

ConvaTec Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.21

47.43

44.39

47.17

47.27

ConvaTec Group Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	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															52.32	56.22	59.57	56.57	50.28

Competitive Comparison of ConvaTec Group's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, ConvaTec 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.

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

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

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

ConvaTec 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.

ConvaTec Group'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
=	( (285.1	+	269.8)	/	2 )	/	2142.4	*	365
=	277.45					/	2142.4	*	365
=	47.27

ConvaTec Group'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
=	( (269.8	+	343.7)	/	2 )	/	1113.4	*	365 / 2
=	306.75					/	1113.4	*	365 / 2
=	50.28

ConvaTec Group (OTCPK:CNVVF) Days Sales Outstanding Explanation

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

ConvaTec Group Days Sales Outstanding Related Terms

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ConvaTec Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ConvaTec Group PLC (OTCPK:CNVVF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CNVVY:USA CTECl:UK CTEC:UK 2CV:Germany

Address

20 Eastbourne Terrace, 7th Floor, Paddington, London, GBR, W2 6LG

Website

https://www.convatecgroup.com

Originally spun out of Bristol-Myers Squibb, Convatec designs, manufactures, and markets advanced wound care, ostomy, continence care, and infusion sets for the acute-care hospital and chronic-care home settings. Advanced wound care and ostomy supplies are the largest divisions, accounting for 33% and 29% of total revenue, respectively. Continence care has become a slightly smaller business (21% of revenue) following the decision to exit the acute care market, and infusion sets contribute 17% of consolidated revenue.