Redde Northgate (LSE:REDD) Days Sales Outstanding : 58.57 (As of Oct. 2023)

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What is Redde Northgate Days Sales Outstanding?

Redde Northgate's average Accounts Receivable for the six months ended in Oct. 2023 was £292 Mil. Redde Northgate's Revenue for the six months ended in Oct. 2023 was £911 Mil. Hence, Redde Northgate's Days Sales Outstanding for the six months ended in Oct. 2023 was 58.57.

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

LSE:REDD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.15 Med: 29.95 Max: 71.78
Current: 71.78

During the past 13 years, Redde Northgate's highest Days Sales Outstanding was 71.78. The lowest was 26.15. And the median was 29.95.

LSE:REDD's Days Sales Outstanding is ranked worse than
65.15% of 1036 companies
in the Business Services industry
Industry Median: 58.305 vs LSE:REDD: 71.78

Redde Northgate's Days Sales Outstanding declined from Oct. 2022 (67.89) to Oct. 2023 (58.57).

Redde Northgate Days Sales Outstanding Historical Data

The historical data trend for Redde Northgate'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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Redde Northgate Days Sales Outstanding Chart

Redde Northgate Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Sales Outstanding

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29.32

32.36

28.93

28.71

26.15

Redde Northgate Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Sales Outstanding	Get a 7-Day Free Trial															64.66	62.68	67.89	61.77	58.57

Competitive Comparison of Redde Northgate's Days Sales Outstanding

For the Rental & Leasing Services subindustry, Redde Northgate'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.

Redde Northgate's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redde Northgate's Days Sales Outstanding distribution charts can be found below:

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

Redde Northgate 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.

Redde Northgate's Days Sales Outstanding for the fiscal year that ended in Apr. 2023 is calculated as

	Days Sales Outstanding (A: Apr. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )	/	Revenue (A: Apr. 2023 )	*	Days in Period
=	( (97.223	+	116.277)	/	2 )	/	1489.746	*	365
=	106.75					/	1489.746	*	365
=	26.15

Redde Northgate's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding (Q: Oct. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )	/	Revenue (A: Oct. 2023 )	*	Days in Period
=	( (116.277	+	468.671)	/	2 )	/	911.296	*	365 / 2
=	292.474					/	911.296	*	365 / 2
=	58.57

Redde Northgate (LSE:REDD) Days Sales Outstanding Explanation

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

Redde Northgate Days Sales Outstanding Related Terms

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Redde Northgate (LSE:REDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redde Northgate PLC (LSE:REDD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

REDDl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.

Redde Northgate (LSE:REDD) Headlines

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