Surmodics (FRA:SU6) Days Sales Outstanding : 35.85 (As of Dec. 2023)

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What is Surmodics Days Sales Outstanding?

Surmodics's average Accounts Receivable for the three months ended in Dec. 2023 was €11.0 Mil. Surmodics's Revenue for the three months ended in Dec. 2023 was €28.0 Mil. Hence, Surmodics's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.85.

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

FRA:SU6' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.24 Med: 33.87 Max: 36.69
Current: 30.48

During the past 13 years, Surmodics's highest Days Sales Outstanding was 36.69. The lowest was 29.24. And the median was 33.87.

FRA:SU6's Days Sales Outstanding is ranked better than
90.09% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.66 vs FRA:SU6: 30.48

Surmodics's Days Sales Outstanding declined from Dec. 2022 (38.89) to Dec. 2023 (35.85).

Surmodics Days Sales Outstanding Historical Data

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

Surmodics Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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31.68

33.27

29.22

33.18

30.44

Surmodics Quarterly Data
	Mar19	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															38.89	37.40	20.88	36.58	35.85

Competitive Comparison of Surmodics's Days Sales Outstanding

For the Medical Devices subindustry, Surmodics'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.

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

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

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

Surmodics 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.

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

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (10.557	+	10.166)	/	2 )	/	124.231	*	365
=	10.3615					/	124.231	*	365
=	30.44

Surmodics'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
=	( (10.166	+	11.847)	/	2 )	/	28.016	*	365 / 4
=	11.0065					/	28.016	*	365 / 4
=	35.85

Surmodics (FRA:SU6) Days Sales Outstanding Explanation

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

Surmodics Days Sales Outstanding Related Terms

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Surmodics (FRA:SU6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Surmodics Inc (FRA:SU6) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

SRDX:USA SU6:Germany

Address

9924 West 74th Street, Eden Prairie, MN, USA, 55344

Website

https://www.surmodics.com

Surmodics Inc is a provider of surface modification and in vitro diagnostic technologies to the healthcare industry. The company's mission is to improve the treatment and detection of disease by using its technology to provide solutions to difficult medical devices and diagnostic challenges. It has two reportable segments: Medical device unit; Manufacture of performance coatings, including surface modification coating technologies and the Vitro diagnostics unit; Manufacture of chemical and biological components used in in vitro diagnostic immunoassay and molecular tests within the diagnostic and biomedical research markets. Surmodics derives majority of its revenue from the Medical Device segment.

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