2 Cheap Cars Group (NZSE:2CC) Days Sales Outstanding : 6.01 (As of Sep. 2023)

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What is 2 Cheap Cars Group Days Sales Outstanding?

2 Cheap Cars Group's average Accounts Receivable for the six months ended in Sep. 2023 was NZ$1.38 Mil. 2 Cheap Cars Group's Revenue for the six months ended in Sep. 2023 was NZ$41.90 Mil. Hence, 2 Cheap Cars Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 6.01.

The historical rank and industry rank for 2 Cheap Cars Group's Days Sales Outstanding or its related term are showing as below:

NZSE:2CC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.2 Med: 1.93 Max: 8.45
Current: 8.45

During the past 3 years, 2 Cheap Cars Group's highest Days Sales Outstanding was 8.45. The lowest was 1.20. And the median was 1.93.

NZSE:2CC's Days Sales Outstanding is ranked better than
95.04% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 60.37 vs NZSE:2CC: 8.45

2 Cheap Cars Group's Days Sales Outstanding declined from Sep. 2022 (8.04) to Sep. 2023 (6.01).

2 Cheap Cars Group Days Sales Outstanding Historical Data

The historical data trend for 2 Cheap Cars Group'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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2 Cheap Cars Group Days Sales Outstanding Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Days Sales Outstanding

1.20

1.93

2.22

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial			10.05	10.10	8.04	7.84	6.01

Competitive Comparison of 2 Cheap Cars Group's Days Sales Outstanding

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.

2 Cheap Cars Group's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Days Sales Outstanding falls into.

2 Cheap Cars Group 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.

2 Cheap Cars Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.461	+	0.538)	/	2 )	/	82.233	*	365
=	0.4995					/	82.233	*	365
=	2.22

2 Cheap Cars Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.538	+	2.221)	/	2 )	/	41.903	*	365 / 2
=	1.3795					/	41.903	*	365 / 2
=	6.01

2 Cheap Cars Group (NZSE:2CC) Days Sales Outstanding Explanation

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

2 Cheap Cars Group Days Sales Outstanding Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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