Cresco (TSE:4674) Days Sales Outstanding : 64.94 (As of Dec. 2023)

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What is Cresco Days Sales Outstanding?

Cresco's average Accounts Receivable for the three months ended in Dec. 2023 was 円9,190 Mil. Cresco's Revenue for the three months ended in Dec. 2023 was 円12,913 Mil. Hence, Cresco's Days Sales Outstanding for the three months ended in Dec. 2023 was 64.94.

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

TSE:4674' s Days Sales Outstanding Range Over the Past 10 Years
Min: 59.68 Med: 65.11 Max: 74.49
Current: 59.68

During the past 13 years, Cresco's highest Days Sales Outstanding was 74.49. The lowest was 59.68. And the median was 65.11.

TSE:4674's Days Sales Outstanding is ranked better than
52.51% of 2725 companies
in the Software industry
Industry Median: 61.89 vs TSE:4674: 59.68

Cresco's Days Sales Outstanding increased from Dec. 2022 (58.28) to Dec. 2023 (64.94).

Cresco Days Sales Outstanding Historical Data

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

Cresco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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74.49

70.00

69.98

66.49

63.23

Cresco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															58.28	56.20	62.08	56.13	64.94

Competitive Comparison of Cresco's Days Sales Outstanding

For the Information Technology Services subindustry, Cresco'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.

Cresco's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Cresco's Days Sales Outstanding distribution charts can be found below:

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

Cresco 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.

Cresco'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
=	( (8340.414	+	8418.043)	/	2 )	/	48368.324	*	365
=	8379.2285					/	48368.324	*	365
=	63.23

Cresco'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (9165.289	+	9214.708)	/	2 )	/	12913.414	*	365 / 4
=	9189.9985					/	12913.414	*	365 / 4
=	64.94

Cresco (TSE:4674) Days Sales Outstanding Explanation

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

Cresco Days Sales Outstanding Related Terms

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Cresco (TSE:4674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cresco Ltd (TSE:4674) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Shinagawa Intercity Building A 25 - 27 Floor, Minato - ku, Tokyo, JPN, 108-6026

Website

http://www.cresco.co.jp

Cresco Ltd is engaged in the information technology (IT) service business. Its business activities are divided into four divisions including Consulting and solution service operations, Design and development work, Operation management, Research, analysis, evaluation and technical support work. Services and solutions offered by the company include KEYAKI a platform that supports from development to operation of applications using sensors, beacons, and micro servers, Minervae (Minerva) a service brand that provides artificial intelligence (AI) know-how of utilization, Creage (Claire) a service that provides total support from cloud introduction consulting, integration, operation and monitoring. It also conducts seminars using technology useful for a digital change.

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