Flex (FRA:FXI) Days Sales Outstanding : 49.01 (As of Mar. 2024)

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What is Flex Days Sales Outstanding?

Flex's average Accounts Receivable for the three months ended in Mar. 2024 was €3,048 Mil. Flex's Revenue for the three months ended in Mar. 2024 was €5,675 Mil. Hence, Flex's Days Sales Outstanding for the three months ended in Mar. 2024 was 49.01.

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

FRA:FXI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.41 Med: 36.89 Max: 51.37
Current: 46.65

During the past 13 years, Flex's highest Days Sales Outstanding was 51.37. The lowest was 32.41. And the median was 36.89.

FRA:FXI's Days Sales Outstanding is ranked better than
81.16% of 2457 companies
in the Hardware industry
Industry Median: 74.97 vs FRA:FXI: 46.65

Flex's Days Sales Outstanding increased from Mar. 2023 (47.11) to Mar. 2024 (49.01).

Flex Days Sales Outstanding Historical Data

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

Flex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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37.62

49.80

49.29

42.19

47.18

Flex 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															47.11	46.94	45.86	48.10	49.01

Competitive Comparison of Flex's Days Sales Outstanding

For the Electronic Components subindustry, Flex'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.

Flex's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Flex's Days Sales Outstanding distribution charts can be found below:

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

Flex 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.

Flex's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (3492.226	+	2790.36)	/	2 )	/	24301.8	*	365
=	3141.293					/	24301.8	*	365
=	47.18

Flex'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
=	( (3305.785	+	2790.36)	/	2 )	/	5675.48	*	365 / 4
=	3048.0725					/	5675.48	*	365 / 4
=	49.01

Flex (FRA:FXI) Days Sales Outstanding Explanation

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

Flex Days Sales Outstanding Related Terms

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Flex (FRA:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (FRA:FXI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FLEX:USA FLEX:Mexico

Address

2 Changi South Lane, Singapore, SGP, 486123

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.