Bid (JSE:BID) Days Sales Outstanding : 35.73 (As of Dec. 2023)

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What is Bid Days Sales Outstanding?

Bid's average Accounts Receivable for the six months ended in Dec. 2023 was R22,282 Mil. Bid's Revenue for the six months ended in Dec. 2023 was R113,803 Mil. Hence, Bid's Days Sales Outstanding for the six months ended in Dec. 2023 was 35.73.

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

JSE:BID' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.55 Med: 35.1 Max: 43.9
Current: 35.36

During the past 11 years, Bid's highest Days Sales Outstanding was 43.90. The lowest was 33.55. And the median was 35.10.

JSE:BID's Days Sales Outstanding is ranked worse than
62.75% of 306 companies
in the Retail - Defensive industry
Industry Median: 24.475 vs JSE:BID: 35.36

Bid's Days Sales Outstanding increased from Dec. 2022 (34.85) to Dec. 2023 (35.73).

Bid Days Sales Outstanding Historical Data

The historical data trend for Bid'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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Bid Days Sales Outstanding Chart

Bid Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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39.92

38.13

35.32

34.79

34.88

Bid Semi-Annual Data
	Jun13	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															33.95	37.30	34.85	35.16	35.73

Competitive Comparison of Bid's Days Sales Outstanding

For the Food Distribution subindustry, Bid'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.

Bid's Days Sales Outstanding Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Bid's Days Sales Outstanding distribution charts can be found below:

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

Bid 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.

Bid's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (16131.631	+	21398.672)	/	2 )	/	196341.239	*	365
=	18765.1515					/	196341.239	*	365
=	34.88

Bid'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (21398.672	+	23164.552)	/	2 )	/	113802.77	*	365 / 2
=	22281.612					/	113802.77	*	365 / 2
=	35.73

Bid (JSE:BID) Days Sales Outstanding Explanation

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

Bid Days Sales Outstanding Related Terms

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Bid (JSE:BID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bid Corp Ltd (JSE:BID) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

BDDDY:USA BPPPF:USA

Address

90 Rivonia Road, 2nd Floor, North Wing, Sandton, Johannesburg, GT, ZAF, 2196

Website

http://www.bidcorpgroup.com

Bid Corp Ltd is a foodservice company. The company distributes chilled and frozen foods, fresh produce, meats, and nonfood products to operators around the globe. The company has various business segments, several of which it divides by geographic region. Its business segments include Australasia, the United Kingdom, Europe, and Emerging Markets. The company generates the vast majority of its revenue from Europe.