CMIC HOLDINGS Co (TSE:2309) Days Sales Outstanding : 85.88 (As of Dec. 2023)

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What is CMIC HOLDINGS Co Days Sales Outstanding?

CMIC HOLDINGS Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円17,024 Mil. CMIC HOLDINGS Co's Revenue for the three months ended in Dec. 2023 was 円18,087 Mil. Hence, CMIC HOLDINGS Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 85.88.

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

TSE:2309' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.49 Med: 70 Max: 81.53
Current: 81.53

During the past 13 years, CMIC HOLDINGS Co's highest Days Sales Outstanding was 81.53. The lowest was 62.49. And the median was 70.00.

TSE:2309's Days Sales Outstanding is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 69.32 vs TSE:2309: 81.53

CMIC HOLDINGS Co's Days Sales Outstanding increased from Dec. 2022 (77.97) to Dec. 2023 (85.88).

CMIC HOLDINGS Co Days Sales Outstanding Historical Data

The historical data trend for CMIC HOLDINGS Co'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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CMIC HOLDINGS Co Days Sales Outstanding Chart

CMIC HOLDINGS Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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65.61

63.06

66.53

71.84

72.55

CMIC HOLDINGS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															77.97	78.45	75.35	82.06	85.88

Competitive Comparison of CMIC HOLDINGS Co's Days Sales Outstanding

For the Diagnostics & Research subindustry, CMIC HOLDINGS Co'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.

CMIC HOLDINGS Co's Days Sales Outstanding Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, CMIC HOLDINGS Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CMIC HOLDINGS Co's Days Sales Outstanding falls into.

CMIC HOLDINGS Co 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.

CMIC HOLDINGS Co's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (24632	+	16992)	/	2 )	/	104701	*	365
=	20812					/	104701	*	365
=	72.55

CMIC HOLDINGS Co'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (16992	+	17055)	/	2 )	/	18087	*	365 / 4
=	17023.5					/	18087	*	365 / 4
=	85.88

CMIC HOLDINGS Co (TSE:2309) Days Sales Outstanding Explanation

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

CMIC HOLDINGS Co Days Sales Outstanding Related Terms

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CMIC HOLDINGS Co (TSE:2309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CMIC HOLDINGS Co Ltd (TSE:2309) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

https://www.cmicgroup.com

CMIC HOLDINGS Co Ltd is a Japan-based management consulting company. It contributes to the development of the medical and healthcare field. The company is mainly engaged in Contract Research Organization (CRO), Contract Development and Manufacturing (CDMO), Contract Sales Organization (CSO), Innovative Pharma Model (IPM) and healthcare business. CMIC support a wide range of pharmaceutical management services such as data management, statistical analysis, medicine consulting, medical writing, audit, and analytical tests, clinical trials for the medical and pharmaceutical industry, human resource services. It is also engaged in providing sales and marketing support for pharmaceuticals.

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