Kitz (TSE:6498) Days Sales Outstanding : 47.64 (As of Dec. 2023)

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What is Kitz Days Sales Outstanding?

Kitz's average Accounts Receivable for the three months ended in Dec. 2023 was 円22,754 Mil. Kitz's Revenue for the three months ended in Dec. 2023 was 円43,583 Mil. Hence, Kitz's Days Sales Outstanding for the three months ended in Dec. 2023 was 47.64.

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

TSE:6498' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.19 Med: 58.27 Max: 74.85
Current: 48.8

During the past 13 years, Kitz's highest Days Sales Outstanding was 74.85. The lowest was 48.19. And the median was 58.27.

TSE:6498's Days Sales Outstanding is ranked better than
83.19% of 2957 companies
in the Industrial Products industry
Industry Median: 79.61 vs TSE:6498: 48.80

Kitz's Days Sales Outstanding declined from Dec. 2022 (49.64) to Dec. 2023 (47.64).

Kitz Days Sales Outstanding Historical Data

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

Kitz Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Days Sales Outstanding

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56.64

52.79

55.57

52.47

48.19

Kitz 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															49.64	50.90	47.42	49.19	47.64

Competitive Comparison of Kitz's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Kitz'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.

Kitz's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kitz's Days Sales Outstanding distribution charts can be found below:

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

Kitz 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.

Kitz's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (19826	+	22400)	/	2 )	/	159914	*	365
=	21113					/	159914	*	365
=	48.19

Kitz'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
=	( (23058	+	22449)	/	2 )	/	43583	*	365 / 4
=	22753.5					/	43583	*	365 / 4
=	47.64

Kitz (TSE:6498) Days Sales Outstanding Explanation

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

Kitz Days Sales Outstanding Related Terms

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Kitz (TSE:6498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitz Corp (TSE:6498) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-1 Nakase Mihama-ku, Chiba, JPN, 2618577

Website

http://www.kitz.co.jp

Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters. the brass manufacturing business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business.

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