Danish Aerospace Co A/S (OCSE:DAC) Days Sales Outstanding : 42.65 (As of Dec. 2023)

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What is Danish Aerospace Co A/S Days Sales Outstanding?

Danish Aerospace Co A/S's average Accounts Receivable for the six months ended in Dec. 2023 was kr4.86 Mil. Danish Aerospace Co A/S's Revenue for the six months ended in Dec. 2023 was kr20.80 Mil. Hence, Danish Aerospace Co A/S's Days Sales Outstanding for the six months ended in Dec. 2023 was 42.65.

The historical rank and industry rank for Danish Aerospace Co A/S's Days Sales Outstanding or its related term are showing as below:

OCSE:DAC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.27 Med: 70.92 Max: 116.78
Current: 57.35

During the past 7 years, Danish Aerospace Co A/S's highest Days Sales Outstanding was 116.78. The lowest was 48.27. And the median was 70.92.

OCSE:DAC's Days Sales Outstanding is ranked better than
57.33% of 300 companies
in the Aerospace & Defense industry
Industry Median: 63.435 vs OCSE:DAC: 57.35

Danish Aerospace Co A/S's Days Sales Outstanding declined from Dec. 2022 (67.20) to Dec. 2023 (42.65).

Danish Aerospace Co A/S Days Sales Outstanding Historical Data

The historical data trend for Danish Aerospace Co A/S'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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Danish Aerospace Co A/S Days Sales Outstanding Chart

Danish Aerospace Co A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.92

77.34

53.74

48.27

67.73

Danish Aerospace Co A/S Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								38.68	53.70	67.20	70.04	42.65

Competitive Comparison of Danish Aerospace Co A/S's Days Sales Outstanding

For the Aerospace & Defense subindustry, Danish Aerospace Co A/S'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.

Danish Aerospace Co A/S's Days Sales Outstanding Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Danish Aerospace Co A/S's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Danish Aerospace Co A/S's Days Sales Outstanding falls into.

Danish Aerospace Co A/S 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.

Danish Aerospace Co A/S'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
=	( (5.308	+	6.523)	/	2 )	/	31.881	*	365
=	5.9155					/	31.881	*	365
=	67.73

Danish Aerospace Co A/S'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
=	( (3.198	+	6.523)	/	2 )	/	20.799	*	365 / 2
=	4.8605					/	20.799	*	365 / 2
=	42.65

Danish Aerospace Co A/S (OCSE:DAC) Days Sales Outstanding Explanation

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

Danish Aerospace Co A/S Days Sales Outstanding Related Terms

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Danish Aerospace Co A/S (OCSE:DAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Danish Aerospace Co A/S (OCSE:DAC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Hvidkjaervej 31A Street, Odense, DNK, DK-5250

Website

https://www.danishaerospace.com

Danish Aerospace Co A/S is a high-tech company operating in the area of advanced medical instrumentation and other engineering fields primarily within space applications. The main activity of the company is to develop innovative technological solutions for space exploration. This comprises design, development, and manufacturing of medical monitoring and exercise equipment, as well as to support preparations for and realisation of manned space flights.