Cairn Homes (LSE:CRN) Days Sales Outstanding : 7.78 (As of Dec. 2023)

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What is Cairn Homes Days Sales Outstanding?

Cairn Homes's average Accounts Receivable for the six months ended in Dec. 2023 was £16.4 Mil. Cairn Homes's Revenue for the six months ended in Dec. 2023 was £385.3 Mil. Hence, Cairn Homes's Days Sales Outstanding for the six months ended in Dec. 2023 was 7.78.

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

LSE:CRN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.76 Med: 6.3 Max: 9.92
Current: 7.61

During the past 9 years, Cairn Homes's highest Days Sales Outstanding was 9.92. The lowest was 1.76. And the median was 6.30.

LSE:CRN's Days Sales Outstanding is ranked better than
76.04% of 96 companies
in the Homebuilding & Construction industry
Industry Median: 22.97 vs LSE:CRN: 7.61

Cairn Homes's Days Sales Outstanding increased from Dec. 2022 (7.18) to Dec. 2023 (7.78).

Cairn Homes Days Sales Outstanding Historical Data

The historical data trend for Cairn Homes'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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Cairn Homes Days Sales Outstanding Chart

Cairn Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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1.76

7.15

5.45

9.92

Cairn Homes Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial												9.50	15.80	7.18	3.74	7.78

Competitive Comparison of Cairn Homes's Days Sales Outstanding

For the Residential Construction subindustry, Cairn Homes'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.

Cairn Homes's Days Sales Outstanding Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cairn Homes's Days Sales Outstanding distribution charts can be found below:

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

Cairn Homes 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.

Cairn Homes'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
=	( (3.059	+	28.176)	/	2 )	/	574.458	*	365
=	15.6175					/	574.458	*	365
=	9.92

Cairn Homes'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (4.662	+	28.176)	/	2 )	/	385.326	*	365 / 2
=	16.419					/	385.326	*	365 / 2
=	7.78

Cairn Homes (LSE:CRN) Days Sales Outstanding Explanation

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

Cairn Homes Days Sales Outstanding Related Terms

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Cairn Homes (LSE:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cairn Homes PLC (LSE:CRN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

C5H:Ireland CRNl:UK C5H:Germany

Address

45 Mespil Road, Dublin, IRL, D04 W2F1

Website

https://www.cairnhomes.com

Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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