Canare Electric Co (TSE:5819) Days Sales Outstanding : 34.98 (As of Dec. 2023)

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What is Canare Electric Co Days Sales Outstanding?

Canare Electric Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,469 Mil. Canare Electric Co's Revenue for the three months ended in Dec. 2023 was 円3,832 Mil. Hence, Canare Electric Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 34.98.

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

TSE:5819' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.96 Med: 44.76 Max: 48.43
Current: 38.98

During the past 13 years, Canare Electric Co's highest Days Sales Outstanding was 48.43. The lowest was 38.96. And the median was 44.76.

TSE:5819's Days Sales Outstanding is ranked better than
90.26% of 2957 companies
in the Industrial Products industry
Industry Median: 79.56 vs TSE:5819: 38.98

Canare Electric Co's Days Sales Outstanding declined from Dec. 2022 (37.64) to Dec. 2023 (34.98).

Canare Electric Co Days Sales Outstanding Historical Data

The historical data trend for Canare Electric Co'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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Canare Electric Co Days Sales Outstanding Chart

Canare Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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46.06

48.43

42.11

38.96

39.90

Canare Electric Co 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															37.64	39.09	43.69	38.63	34.98

Competitive Comparison of Canare Electric Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Canare Electric Co'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.

Canare Electric Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Canare Electric Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Canare Electric Co's Days Sales Outstanding falls into.

Canare Electric Co 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.

Canare Electric Co'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
=	( (1273.881	+	1540.506)	/	2 )	/	12872.437	*	365
=	1407.1935					/	12872.437	*	365
=	39.90

Canare Electric Co'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
=	( (1397.169	+	1540.506)	/	2 )	/	3831.97	*	365 / 4
=	1468.8375					/	3831.97	*	365 / 4
=	34.98

Canare Electric Co (TSE:5819) Days Sales Outstanding Explanation

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

Canare Electric Co Days Sales Outstanding Related Terms

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Canare Electric Co (TSE:5819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Canare Electric Co Ltd (TSE:5819) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-1 Shiba-Koen, B-13th Floor, Shiba Park Building, Minato-ku, Tokyo, JPN, 105-0011

Website

http://www.canare.co.jp

Canare Electric Co Ltd develops, manufactures, and sells audio and video cables, connectors, patchbays, assemblies, converters and related products, and fiber-optic products. Its products include video jacks, crimp plugs, coaxial cable strippers, receptacles, and adapters. It serves television broadcasting, and professional audio and video industries.

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