Credit Clear (ASX:CCR) Days Sales Outstanding : 41.72 (As of Dec. 2023)

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What is Credit Clear Days Sales Outstanding?

Credit Clear's average Accounts Receivable for the six months ended in Dec. 2023 was A$4.58 Mil. Credit Clear's Revenue for the six months ended in Dec. 2023 was A$20.03 Mil. Hence, Credit Clear's Days Sales Outstanding for the six months ended in Dec. 2023 was 41.72.

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

ASX:CCR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.56 Med: 56.64 Max: 60.33
Current: 43.56

During the past 4 years, Credit Clear's highest Days Sales Outstanding was 60.33. The lowest was 43.56. And the median was 56.64.

ASX:CCR's Days Sales Outstanding is ranked better than
72.68% of 2734 companies
in the Software industry
Industry Median: 61.82 vs ASX:CCR: 43.56

Credit Clear's Days Sales Outstanding declined from Dec. 2022 (46.69) to Dec. 2023 (41.72).

Credit Clear Days Sales Outstanding Historical Data

The historical data trend for Credit Clear'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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Credit Clear Days Sales Outstanding Chart

Credit Clear Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

60.33

56.64

48.77

Credit Clear Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			58.36	41.64	46.69	47.06	41.72

Competitive Comparison of Credit Clear's Days Sales Outstanding

For the Information Technology Services subindustry, Credit Clear'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.

Credit Clear's Days Sales Outstanding Distribution in the Software Industry

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

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

Credit Clear 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.

Credit Clear'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
=	( (4.583	+	4.758)	/	2 )	/	34.951	*	365
=	4.6705					/	34.951	*	365
=	48.77

Credit Clear'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
=	( (4.758	+	4.399)	/	2 )	/	20.03	*	365 / 2
=	4.5785					/	20.03	*	365 / 2
=	41.72

Credit Clear (ASX:CCR) Days Sales Outstanding Explanation

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

Credit Clear Days Sales Outstanding Related Terms

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Credit Clear (ASX:CCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Credit Clear Ltd (ASX:CCR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 11, 41-43 Bourke Road, Alexandria, NSW, AUS, 2015

Website

https://www.creditclear.com.au

Credit Clear Ltd is engaged in the business of providing financial services. The company specializes in receivables management solutions. Its segments include Collections and Legal Services. The company generates maximum revenue from the Collections segment. Geographically, it derives a majority of its revenue from Australia.