Titan Cement International (XBRU:TITC) Days Sales Outstanding : 49.23 (As of Dec. 2023)

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What is Titan Cement International Days Sales Outstanding?

Titan Cement International's average Accounts Receivable for the three months ended in Dec. 2023 was €353 Mil. Titan Cement International's Revenue for the three months ended in Dec. 2023 was €655 Mil. Hence, Titan Cement International's Days Sales Outstanding for the three months ended in Dec. 2023 was 49.23.

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

XBRU:TITC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.16 Med: 38.79 Max: 62.57
Current: 62.57

During the past 8 years, Titan Cement International's highest Days Sales Outstanding was 62.57. The lowest was 25.16. And the median was 38.79.

XBRU:TITC's Days Sales Outstanding is ranked worse than
57.48% of 381 companies
in the Building Materials industry
Industry Median: 55.6 vs XBRU:TITC: 62.57

Titan Cement International's Days Sales Outstanding increased from Sep. 2022 (43.07) to Dec. 2023 (49.23).

Titan Cement International Days Sales Outstanding Historical Data

The historical data trend for Titan Cement International'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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Titan Cement International Days Sales Outstanding Chart

Titan Cement International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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43.73

33.45

25.16

33.85

44.47

Titan Cement International Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											43.36	-	48.90	49.23	47.66

Competitive Comparison of Titan Cement International's Days Sales Outstanding

For the Building Materials subindustry, Titan Cement International'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.

Titan Cement International's Days Sales Outstanding Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Titan Cement International's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Titan Cement International's Days Sales Outstanding falls into.

Titan Cement International 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.

Titan Cement International'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
=	( (294.829	+	325.744)	/	2 )	/	2546.974	*	365
=	310.2865					/	2546.974	*	365
=	44.47

Titan Cement International'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
=	( (380.688	+	325.744)	/	2 )	/	654.756	*	365 / 4
=	353.216					/	654.756	*	365 / 4
=	49.23

Titan Cement International (XBRU:TITC) Days Sales Outstanding Explanation

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

Titan Cement International Days Sales Outstanding Related Terms

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Titan Cement International (XBRU:TITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Titan Cement International SA (XBRU:TITC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TTCIF:USA TITC:Greece TCJ:Germany

Address

Rue de la Loi 23, 7th Floor, P.O. Box 4, Brussels, BEL, 1040

Website

https://www.titan-cement.com

Titan Cement International SA and its subsidiaries are engaged in the production, trade, and distribution of a wide range of construction materials, including cement, concrete, aggregates, cement blocks, dry mortars and fly ash. Its Geographical operating segment includes Greece and Western Europe; North America; South Eastern Europe and Eastern Mediterranean. The company derives a majority of revenue from North America.

Titan Cement International (XBRU:TITC) Headlines

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