Premier's average Accounts Receivable for the
three
months ended in Dec. 2023 was $112 Mil. Premier's Revenue for the
three
months ended in Dec. 2023 was $335 Mil.
Hence, Premier's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 30.59.
The historical rank and industry rank for Premier's Days Sales Outstanding or its related term are showing as below:
PINC'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.28 Med: 35.25 Max: 53
Current: 32.08
During the past 13 years, Premier's highest Days Sales Outstanding was 53.00. The lowest was 25.28. And the median was 35.25.
PINC's Days Sales Outstanding is ranked better than 67.19% of 637
companies
in the Healthcare Providers & Services industry
Industry Median: 45.97
vs PINC: 32.08
Premier's Days Sales Outstanding
increased
from Dec. 2022 (28.69) to Dec. 2023 (30.59).
Premier Days Sales Outstanding Historical Data
The historical data trend for Premier'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 Premier's Days Sales Outstanding
For the Health Information Services subindustry, Premier'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.
Premier's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Premier's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Premier's Days Sales Outstanding falls into.
Premier 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.
Premier (NAS:PINC) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Premier Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Premier's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Premier Inc is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).
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