CTT Systems AB (CHIX:CTTS) Days Sales Outstanding : 67.85 (As of Mar. 2024)

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What is CTT Systems AB Days Sales Outstanding?

CTT Systems AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr58.2 Mil. CTT Systems AB's Revenue for the three months ended in Mar. 2024 was kr78.2 Mil. Hence, CTT Systems AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 67.85.

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

CHIX:CTTs' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.48 Med: 70.32 Max: 100.34
Current: 72.04

During the past 13 years, CTT Systems AB's highest Days Sales Outstanding was 100.34. The lowest was 53.48. And the median was 70.32.

CHIX:CTTs's Days Sales Outstanding is ranked worse than
56.33% of 300 companies
in the Aerospace & Defense industry
Industry Median: 64.465 vs CHIX:CTTs: 72.04

CTT Systems AB's Days Sales Outstanding declined from Mar. 2023 (76.04) to Mar. 2024 (67.85).

CTT Systems AB Days Sales Outstanding Historical Data

The historical data trend for CTT Systems AB'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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CTT Systems AB Days Sales Outstanding Chart

CTT Systems AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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76.36

100.34

93.48

76.76

65.70

CTT Systems AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															76.04	-	84.81	65.85	67.85

Competitive Comparison of CTT Systems AB's Days Sales Outstanding

For the Aerospace & Defense subindustry, CTT Systems AB'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.

CTT Systems AB's Days Sales Outstanding Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CTT Systems AB's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CTT Systems AB's Days Sales Outstanding falls into.

CTT Systems AB 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.

CTT Systems AB'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
=	( (62.5	+	48.7)	/	2 )	/	308.9	*	365
=	55.6					/	308.9	*	365
=	65.70

CTT Systems AB's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (48.7	+	67.6)	/	2 )	/	78.2	*	365 / 4
=	58.15					/	78.2	*	365 / 4
=	67.85

CTT Systems AB (CHIX:CTTs) Days Sales Outstanding Explanation

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

CTT Systems AB Days Sales Outstanding Related Terms

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CTT Systems AB (CHIX:CTTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CTT Systems AB (CHIX:CTTs) » Definitions » Days Sales Outstanding

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CTT:Sweden

Address

Brukslagarvagen 5, Box 1042, Nykoping, SWE, 61129

Website

https://www.ctt.se

CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for existing aircraft fleets. Geographically company generates the majority of its revenue from Denmark.

CTT Systems AB (CHIX:CTTS) Headlines

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