Cintas (LTS:0HYJ) Days Sales Outstanding : 46.29 (As of Aug. 2024)

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What is Cintas Days Sales Outstanding?

Cintas's average Accounts Receivable for the three months ended in Aug. 2024 was $1,269 Mil. Cintas's Revenue for the three months ended in Aug. 2024 was $2,502 Mil. Hence, Cintas's Days Sales Outstanding for the three months ended in Aug. 2024 was 46.29.

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

LTS:0HYJ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.68 Med: 44.52 Max: 46.93
Current: 46.93

During the past 13 years, Cintas's highest Days Sales Outstanding was 46.93. The lowest was 39.68. And the median was 44.52.

LTS:0HYJ's Days Sales Outstanding is ranked better than
66.37% of 1026 companies
in the Business Services industry
Industry Median: 58.23 vs LTS:0HYJ: 46.93

Cintas's Days Sales Outstanding increased from Aug. 2023 (45.78) to Aug. 2024 (46.29).

Cintas Days Sales Outstanding Historical Data

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

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Days Sales Outstanding

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45.86

45.45

44.33

44.70

45.59

Cintas Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Sales Outstanding	Get a 7-Day Free Trial															45.78	47.43	48.09	46.28	46.29

Competitive Comparison of Cintas's Days Sales Outstanding

For the Specialty Business Services subindustry, Cintas'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.

Cintas's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Days Sales Outstanding distribution charts can be found below:

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

Cintas 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.

Cintas's Days Sales Outstanding for the fiscal year that ended in May. 2024 is calculated as

	Days Sales Outstanding (A: May. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: May. 2024 ))	/	count )	/	Revenue (A: May. 2024 )	*	Days in Period
=	( (1152.993	+	1244.182)	/	2 )	/	9596.615	*	365
=	1198.5875					/	9596.615	*	365
=	45.59

Cintas's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding (Q: Aug. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2024 )	+	Accounts Receivable (A: Aug. 2024 ))	/	count )	/	Revenue (A: Aug. 2024 )	*	Days in Period
=	( (1244.182	+	1293.791)	/	2 )	/	2501.587	*	365 / 4
=	1268.9865					/	2501.587	*	365 / 4
=	46.29

Cintas (LTS:0HYJ) Days Sales Outstanding Explanation

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

Cintas Days Sales Outstanding Related Terms

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Cintas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (LTS:0HYJ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico CIT:Germany CIT:Germany C1TA34:Brazil CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

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