Cognizant Technology Solutions (WBO:CTSH) Days Sales Outstanding : 74.21 (As of Dec. 2023)

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What is Cognizant Technology Solutions Days Sales Outstanding?

Cognizant Technology Solutions's average Accounts Receivable for the three months ended in Dec. 2023 was €3,548 Mil. Cognizant Technology Solutions's Revenue for the three months ended in Dec. 2023 was €4,363 Mil. Hence, Cognizant Technology Solutions's Days Sales Outstanding for the three months ended in Dec. 2023 was 74.21.

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

WBO:CTSH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.05 Med: 67.67 Max: 72.09
Current: 71.39

During the past 13 years, Cognizant Technology Solutions's highest Days Sales Outstanding was 72.09. The lowest was 62.05. And the median was 67.67.

WBO:CTSH's Days Sales Outstanding is ranked worse than
59.06% of 2721 companies
in the Software industry
Industry Median: 62.03 vs WBO:CTSH: 71.39

Cognizant Technology Solutions's Days Sales Outstanding increased from Dec. 2022 (72.97) to Dec. 2023 (74.21).

Cognizant Technology Solutions Days Sales Outstanding Historical Data

The historical data trend for Cognizant Technology Solutions'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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Cognizant Technology Solutions Days Sales Outstanding Chart

Cognizant Technology Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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69.29

72.90

63.35

66.98

73.15

Cognizant Technology Solutions 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															72.97	71.63	70.20	69.93	74.21

Competitive Comparison of Cognizant Technology Solutions's Days Sales Outstanding

For the Information Technology Services subindustry, Cognizant Technology Solutions'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.

Cognizant Technology Solutions's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Cognizant Technology Solutions's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cognizant Technology Solutions's Days Sales Outstanding falls into.

Cognizant Technology Solutions 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.

Cognizant Technology Solutions'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
=	( (3583.424	+	3529.533)	/	2 )	/	17746.701	*	365
=	3556.4785					/	17746.701	*	365
=	73.15

Cognizant Technology Solutions'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
=	( (3567.159	+	3529.533)	/	2 )	/	4363.086	*	365 / 4
=	3548.346					/	4363.086	*	365 / 4
=	74.21

Cognizant Technology Solutions (WBO:CTSH) Days Sales Outstanding Explanation

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

Cognizant Technology Solutions Days Sales Outstanding Related Terms

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Cognizant Technology Solutions (WBO:CTSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognizant Technology Solutions Corp (WBO:CTSH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CTSH:USA CTSH:Mexico COZ:Germany CTSH34:Brazil

Address

300 Frank West Burr Boulevard, Suite 36, 6th Floor, Teaneck, NJ, USA, 07666

Website

https://www.cognizant.com

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.