Cardeon AB (NGM:CARDEO) Days Sales Outstanding : 21.51 (As of Dec. 2023)

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What is Cardeon AB Days Sales Outstanding?

Cardeon AB's average Accounts Receivable for the six months ended in Dec. 2023 was kr0.40 Mil. Cardeon AB's Revenue for the six months ended in Dec. 2023 was kr3.36 Mil. Hence, Cardeon AB's Days Sales Outstanding for the six months ended in Dec. 2023 was 21.51.

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

NGM:CARDEO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.81 Med: 19.19 Max: 36.31
Current: 18.89

During the past 7 years, Cardeon AB's highest Days Sales Outstanding was 36.31. The lowest was 3.81. And the median was 19.19.

NGM:CARDEO's Days Sales Outstanding is ranked better than
77.8% of 509 companies
in the Asset Management industry
Industry Median: 49.96 vs NGM:CARDEO: 18.89

Cardeon AB's Days Sales Outstanding increased from Dec. 2022 (4.35) to Dec. 2023 (21.51).

Cardeon AB Days Sales Outstanding Historical Data

The historical data trend for Cardeon 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.

* Premium members only.

Cardeon AB Days Sales Outstanding Chart

Cardeon AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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19.19

21.54

3.81

4.33

16.78

Cardeon AB Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								1.85	41.71	4.35	17.96	21.51

Competitive Comparison of Cardeon AB's Days Sales Outstanding

For the Asset Management subindustry, Cardeon 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.

Cardeon AB's Days Sales Outstanding Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cardeon AB's Days Sales Outstanding distribution charts can be found below:

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

Cardeon 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.

Cardeon 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
=	( (0.138	+	0.412)	/	2 )	/	5.983	*	365
=	0.275					/	5.983	*	365
=	16.78

Cardeon AB'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
=	( (0.379	+	0.412)	/	2 )	/	3.356	*	365 / 2
=	0.3955					/	3.356	*	365 / 2
=	21.51

Cardeon AB (NGM:CARDEO) Days Sales Outstanding Explanation

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

Cardeon AB Days Sales Outstanding Related Terms

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Cardeon AB (NGM:CARDEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cardeon AB (NGM:CARDEO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gasverksgatan 3, Lund, SWE, SE-222 29

Website

https://www.cardeon.se

Cardeon AB is an investment company. It primarily invests in Nordic innovative companies and startups within life science.

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