Corcept Therapeutics (LTS:0I3Q) Days Sales Outstanding : 31.90 (As of Mar. 2024)

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What is Corcept Therapeutics Days Sales Outstanding?

Corcept Therapeutics's average Accounts Receivable for the three months ended in Mar. 2024 was $51.3 Mil. Corcept Therapeutics's Revenue for the three months ended in Mar. 2024 was $146.8 Mil. Hence, Corcept Therapeutics's Days Sales Outstanding for the three months ended in Mar. 2024 was 31.90.

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

LTS:0I3Q' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.34 Med: 27.08 Max: 36.09
Current: 28.22

During the past 13 years, Corcept Therapeutics's highest Days Sales Outstanding was 36.09. The lowest was 22.34. And the median was 27.08.

LTS:0I3Q's Days Sales Outstanding is ranked better than
87.47% of 894 companies
in the Biotechnology industry
Industry Median: 71.92 vs LTS:0I3Q: 28.22

Corcept Therapeutics's Days Sales Outstanding increased from Mar. 2023 (27.47) to Mar. 2024 (31.90).

Corcept Therapeutics Days Sales Outstanding Historical Data

The historical data trend for Corcept Therapeutics'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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Corcept Therapeutics Days Sales Outstanding Chart

Corcept Therapeutics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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22.34

23.79

26.84

26.65

27.31

Corcept Therapeutics 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															27.47	25.24	24.80	25.52	31.90

Competitive Comparison of Corcept Therapeutics's Days Sales Outstanding

For the Biotechnology subindustry, Corcept Therapeutics'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.

Corcept Therapeutics's Days Sales Outstanding Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Corcept Therapeutics's Days Sales Outstanding distribution charts can be found below:

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

Corcept Therapeutics 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.

Corcept Therapeutics'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
=	( (31.057	+	41.123)	/	2 )	/	482.375	*	365
=	36.09					/	482.375	*	365
=	27.31

Corcept Therapeutics'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
=	( (41.123	+	61.518)	/	2 )	/	146.808	*	365 / 4
=	51.3205					/	146.808	*	365 / 4
=	31.90

Corcept Therapeutics (LTS:0I3Q) Days Sales Outstanding Explanation

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

Corcept Therapeutics Days Sales Outstanding Related Terms

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Corcept Therapeutics (LTS:0I3Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Corcept Therapeutics Inc (LTS:0I3Q) » Definitions » Days Sales Outstanding

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CORT:USA HTD:Germany

Address

149 Commonwealth Drive, Menlo Park, CA, USA, 94025

Website

https://www.corcept.com

Corcept Therapeutics Inc is a commercial-stage pharmaceutical company engaged in the discovery and development of medications that treat severe metabolic, oncologic and neuropsychiatric disorders by modulating the effect of the hormone cortisol.

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