Itaconix (LSE:ITX) Days Sales Outstanding : 72.72 (As of Jun. 2024)

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What is Itaconix Days Sales Outstanding?

Itaconix's average Accounts Receivable for the six months ended in Jun. 2024 was £0.87 Mil. Itaconix's Revenue for the six months ended in Jun. 2024 was £2.19 Mil. Hence, Itaconix's Days Sales Outstanding for the six months ended in Jun. 2024 was 72.72.

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

LSE:ITX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.51 Med: 60.05 Max: 4190.74
Current: 49.55

During the past 13 years, Itaconix's highest Days Sales Outstanding was 4190.74. The lowest was 11.51. And the median was 60.05.

LSE:ITX's Days Sales Outstanding is ranked better than
68.6% of 1519 companies
in the Chemicals industry
Industry Median: 65.15 vs LSE:ITX: 49.55

Itaconix's Days Sales Outstanding increased from Jun. 2023 (13.89) to Jun. 2024 (72.72).

Itaconix Days Sales Outstanding Historical Data

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

Itaconix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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57.18

36.81

46.00

11.51

32.13

Itaconix Semi-Annual Data
	Dec14	Jun15	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															25.96	27.27	13.89	41.33	72.72

Competitive Comparison of Itaconix's Days Sales Outstanding

For the Specialty Chemicals subindustry, Itaconix'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.

Itaconix's Days Sales Outstanding Distribution in the Chemicals Industry

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

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

Itaconix 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.

Itaconix'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
=	( (0.104	+	0.99)	/	2 )	/	6.214	*	365
=	0.547					/	6.214	*	365
=	32.13

Itaconix'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
=	( (0.99	+	0.752)	/	2 )	/	2.186	*	365 / 2
=	0.871					/	2.186	*	365 / 2
=	72.72

Itaconix (LSE:ITX) Days Sales Outstanding Explanation

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

Itaconix Days Sales Outstanding Related Terms

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Itaconix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Itaconix PLC (LSE:ITX) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

ITX:UK

Address

2 Marin Way, Unit 1, Stratham, NH, USA, 03885

Website

https://www.itaconix.com

Itaconix PLC is developing and producing bio-based polymers from itaconic acid. The company products are used in the safety of home care, personal care, and industrial sectors. Geographically, it derives the majority of its revenue from North America and also has a presence in Europe. The Company has two business segments which include Performance Ingredients develops, produces, and sells proprietary specialty polymers that are used as functional ingredients to meet customers' needs in cleaning, beauty, and hygiene products. Formulation Solutions provides technical services and ingredient supplies for formulated products developed for customers based on Performance Ingredients.

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