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CareNet (TSE:2150) Days Sales Outstanding : 68.77 (As of Jun. 2024)


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What is CareNet Days Sales Outstanding?

CareNet's average Accounts Receivable for the three months ended in Jun. 2024 was 円1,871 Mil. CareNet's Revenue for the three months ended in Jun. 2024 was 円2,482 Mil. Hence, CareNet's Days Sales Outstanding for the three months ended in Jun. 2024 was 68.77.

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

TSE:2150' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.11   Med: 78.83   Max: 88.06
Current: 62.55

During the past 13 years, CareNet's highest Days Sales Outstanding was 88.06. The lowest was 62.11. And the median was 78.83.

TSE:2150's Days Sales Outstanding is ranked worse than
67.79% of 652 companies
in the Healthcare Providers & Services industry
Industry Median: 46.91 vs TSE:2150: 62.55

CareNet's Days Sales Outstanding increased from Jun. 2023 (67.42) to Jun. 2024 (68.77).


CareNet Days Sales Outstanding Historical Data

The historical data trend for CareNet'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.

* Premium members only.

CareNet Days Sales Outstanding Chart

CareNet Annual Data
Trend Mar14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.83 88.06 82.26 85.00 82.38

CareNet Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.60 58.32 72.53 68.77 58.09

Competitive Comparison of CareNet's Days Sales Outstanding

For the Health Information Services subindustry, CareNet'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.


CareNet's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CareNet's Days Sales Outstanding distribution charts can be found below:

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



CareNet 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.

CareNet'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
=( (2442.641 + 2177.913) / 2 ) / 10235.856*365
=2310.277 / 10235.856*365
=82.38

CareNet'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: Mar. 2024 ) + Accounts Receivable (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )*Days in Period
=( (2062.112 + 1679.718) / 2 ) / 2482.483*365 / 4
=1870.915 / 2482.483*365 / 4
=68.77

* 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.


CareNet  (TSE:2150) Days Sales Outstanding Explanation

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


CareNet Days Sales Outstanding Related Terms

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CareNet Business Description

Traded in Other Exchanges
N/A
Address
1-5-6 Kudan-Minami, Tokyo, JPN, 102-0074
CareNet Inc is a marketing company providing various solutions to pharma companies through the management of media specialized in medical/pharmaceutical education for HCPs.

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