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Credo Technology Group Holding (Credo Technology Group Holding) Days Sales Outstanding : 66.63 (As of Jan. 2024)


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What is Credo Technology Group Holding Days Sales Outstanding?

Credo Technology Group Holding's average Accounts Receivable for the three months ended in Jan. 2024 was $38.7 Mil. Credo Technology Group Holding's Revenue for the three months ended in Jan. 2024 was $53.1 Mil. Hence, Credo Technology Group Holding's Days Sales Outstanding for the three months ended in Jan. 2024 was 66.63.

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

CRDO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 73.99   Med: 82.66   Max: 97.14
Current: 88.06

During the past 4 years, Credo Technology Group Holding's highest Days Sales Outstanding was 97.14. The lowest was 73.99. And the median was 82.66.

CRDO's Days Sales Outstanding is ranked worse than
61.51% of 2458 companies
in the Hardware industry
Industry Median: 74.995 vs CRDO: 88.06

Credo Technology Group Holding's Days Sales Outstanding declined from Jan. 2023 (79.81) to Jan. 2024 (66.63).


Credo Technology Group Holding Days Sales Outstanding Historical Data

The historical data trend for Credo Technology Group Holding'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.

Credo Technology Group Holding Days Sales Outstanding Chart

Credo Technology Group Holding Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Days Sales Outstanding
97.14 86.97 73.99 78.34

Credo Technology Group Holding Quarterly Data
Apr20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 79.81 131.82 100.76 62.88 66.63

Competitive Comparison of Credo Technology Group Holding's Days Sales Outstanding

For the Communication Equipment subindustry, Credo Technology Group Holding'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.


Credo Technology Group Holding's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Credo Technology Group Holding's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Credo Technology Group Holding's Days Sales Outstanding falls into.



Credo Technology Group Holding 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.

Credo Technology Group Holding's Days Sales Outstanding for the fiscal year that ended in Apr. 2023 is calculated as

Days Sales Outstanding (A: Apr. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Apr. 2022 ) + Accounts Receivable (A: Apr. 2023 )) / count ) / Revenue (A: Apr. 2023 )*Days in Period
=( (29.524 + 49.541) / 2 ) / 184.194*365
=39.5325 / 184.194*365
=78.34

Credo Technology Group Holding's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding (Q: Jan. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Oct. 2023 ) + Accounts Receivable (A: Jan. 2024 )) / count ) / Revenue (A: Jan. 2024 )*Days in Period
=( (32.723 + 44.76) / 2 ) / 53.058*365 / 4
=38.7415 / 53.058*365 / 4
=66.63

* 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.


Credo Technology Group Holding  (NAS:CRDO) Days Sales Outstanding Explanation

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


Credo Technology Group Holding Days Sales Outstanding Related Terms

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Credo Technology Group Holding (Credo Technology Group Holding) Business Description

Traded in Other Exchanges
Address
Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
Executives
William Joseph Brennan director, officer: Pres & Chief Executive Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Yat Tung Lam director, officer: Chief Operating Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Chi Fung Cheng director, 10 percent owner, officer: Chief Technology Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Daniel W. Fleming officer: Chief Financial Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Lip Bu Tan director, 10 percent owner ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Adam Thorngate-gottlund officer: General Counsel & Secretary C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Pantas Sutardja, director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
David Zinsner director 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Sylvia Acevedo director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Manpreet Khaira director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110