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Eastman Chemical Co (FRA:EAC) Days Sales Outstanding : 36.42 (As of Sep. 2024)


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What is Eastman Chemical Co Days Sales Outstanding?

Eastman Chemical Co's average Accounts Receivable for the three months ended in Sep. 2024 was €886 Mil. Eastman Chemical Co's Revenue for the three months ended in Sep. 2024 was €2,220 Mil. Hence, Eastman Chemical Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 36.42.

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

FRA:EAC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.5   Med: 35.33   Max: 43.36
Current: 35.7

During the past 13 years, Eastman Chemical Co's highest Days Sales Outstanding was 43.36. The lowest was 32.50. And the median was 35.33.

FRA:EAC's Days Sales Outstanding is ranked better than
82.62% of 1519 companies
in the Chemicals industry
Industry Median: 65.15 vs FRA:EAC: 35.70

Eastman Chemical Co's Days Sales Outstanding increased from Sep. 2023 (36.01) to Sep. 2024 (36.42).

Eastman Chemical Co Days Sales Outstanding Historical Data

The historical data trend for Eastman Chemical Co'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.

Eastman Chemical Co Days Sales Outstanding Chart

Eastman Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.47 45.36 35.72 34.15 35.89

Eastman Chemical Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.01 35.66 34.55 36.18 36.42

Competitive Comparison of Eastman Chemical Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Eastman Chemical Co'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.

Eastman Chemical Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Eastman Chemical Co's Days Sales Outstanding falls into.


Eastman Chemical Co 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.

Eastman Chemical Co'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
=( (903.408 + 757.442) / 2 ) / 8445.57*365
=830.425 / 8445.57*365
=35.89

Eastman Chemical Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding (Q: Sep. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2024 ) + Accounts Receivable (A: Sep. 2024 )) / count ) / Revenue (A: Sep. 2024 )*Days in Period
=( (889.053 + 882.98) / 2 ) / 2220.064*365 / 4
=886.0165 / 2220.064*365 / 4
=36.42

* 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.

Eastman Chemical Co  (FRA:EAC) Days Sales Outstanding Explanation

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

Eastman Chemical Co Days Sales Outstanding Related Terms

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Eastman Chemical Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (FRA:EAC) » Definitions » Days Sales Outstanding
Comparable Companies
ALB AXTA WLK ESI RPM CBT BCPC ALTM NEU AVNT LIN SHW XPAR:AI APD ECL XSWX:SIKA XSWX:GIVN DD ISX:TPIA SHSE:600309
Traded in Other Exchanges
EMN:USA 0IF3:UK EAC:Germany
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
Website
https://www.eastman.com
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.