Corning's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1,649 Mil. Corning's Revenue for the
three
months ended in Dec. 2023 was $2,994 Mil.
Hence, Corning's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 50.24.
The historical rank and industry rank for Corning's Days Sales Outstanding or its related term are showing as below:
GLW'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.74 Med: 56.5 Max: 64.08
Current: 48.6
During the past 13 years, Corning's highest Days Sales Outstanding was 64.08. The lowest was 47.74. And the median was 56.50.
GLW's Days Sales Outstanding is ranked better than 79.72% of 2456
companies
in the Hardware industry
Industry Median: 75.045
vs GLW: 48.60
Corning's Days Sales Outstanding
increased
from Dec. 2022 (44.75) to Dec. 2023 (50.24).
Corning Days Sales Outstanding Historical Data
The historical data trend for Corning'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.
Competitive Comparison of Corning's Days Sales Outstanding
For the Electronic Components subindustry, Corning'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.
Corning's Days Sales Outstanding Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Corning's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Corning's Days Sales Outstanding falls into.
Corning 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.
* 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.
Corning (NYSE:GLW) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Corning Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Corning's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
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