Gates Industrial (Gates Industrial) Days Sales Outstanding : 84.04 (As of Dec. 2023)

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What is Gates Industrial Days Sales Outstanding?

Gates Industrial's average Accounts Receivable for the three months ended in Dec. 2023 was $795 Mil. Gates Industrial's Revenue for the three months ended in Dec. 2023 was $863 Mil. Hence, Gates Industrial's Days Sales Outstanding for the three months ended in Dec. 2023 was 84.04.

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

GTES' s Days Sales Outstanding Range Over the Past 10 Years
Min: 73.7 Med: 81.86 Max: 90.81
Current: 84.11

During the past 10 years, Gates Industrial's highest Days Sales Outstanding was 90.81. The lowest was 73.70. And the median was 81.86.

GTES's Days Sales Outstanding is ranked worse than
54.29% of 2958 companies
in the Industrial Products industry
Industry Median: 79.24 vs GTES: 84.11

Gates Industrial's Days Sales Outstanding increased from Dec. 2022 (82.43) to Dec. 2023 (84.04).

Gates Industrial Days Sales Outstanding Historical Data

The historical data trend for Gates Industrial'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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Gates Industrial Days Sales Outstanding Chart

Gates Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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84.95

90.81

73.70

77.88

80.60

Gates Industrial 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															82.43	83.80	83.57	88.68	84.04

Competitive Comparison of Gates Industrial's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Gates Industrial'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.

Gates Industrial's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Gates Industrial 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.

Gates Industrial'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
=	( (808.6	+	768.2)	/	2 )	/	3570.2	*	365
=	788.4					/	3570.2	*	365
=	80.60

Gates Industrial'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
=	( (821.9	+	768.2)	/	2 )	/	863.3	*	365 / 4
=	795.05					/	863.3	*	365 / 4
=	84.04

Gates Industrial (NYSE:GTES) Days Sales Outstanding Explanation

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

Gates Industrial Days Sales Outstanding Related Terms

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Gates Industrial (Gates Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gates Industrial Corp PLC (NYSE:GTES) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

1JL:Germany

Address

1144 Fifteenth Street, Denver, CO, USA, 80202

Website

https://www.gates.com

Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

Executives

Omaha Aggregator (cayman) L.p.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-1 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Gwendolyn Ann Montgomery	officer: SVP, Global Human Resources	33587 WALKER RD, AVON LAKE OH 44012
Fredrik J Eliasson	director	500 WATER STREET, JACKSONVILLE FL 32202
Seth Meisel	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Wilson S Neely	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Bx Gates Ml-5 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-4 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-3 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-2 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Alicia L. Tillman	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Thomas G. Pitstick	officer: CMO & SVP Strategic Planning	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Peifang Zhang	director	21640 E. BRIARWOOD DR., AURORA CO 80016
James W Ireland	director	C/O GATES INTERNATIONAL CORPORATION PLC, 1144 15TH STREET, SUITE 1400, DENVER CO 80202