Tecan Group AG (XSWX:TECN) Days Sales Outstanding : 51.15 (As of Dec. 2023)

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What is Tecan Group AG Days Sales Outstanding?

Tecan Group AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF149 Mil. Tecan Group AG's Revenue for the six months ended in Dec. 2023 was CHF533 Mil. Hence, Tecan Group AG's Days Sales Outstanding for the six months ended in Dec. 2023 was 51.15.

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

XSWX:TECN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.48 Med: 65.74 Max: 78.84
Current: 51.58

During the past 13 years, Tecan Group AG's highest Days Sales Outstanding was 78.84. The lowest was 45.48. And the median was 65.74.

XSWX:TECN's Days Sales Outstanding is ranked better than
67.08% of 808 companies
in the Medical Devices & Instruments industry
Industry Median: 64.725 vs XSWX:TECN: 51.58

Tecan Group AG's Days Sales Outstanding increased from Dec. 2022 (49.95) to Dec. 2023 (51.15).

Tecan Group AG Days Sales Outstanding Historical Data

The historical data trend for Tecan Group AG'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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Tecan Group AG Days Sales Outstanding Chart

Tecan Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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65.04

61.01

48.42

45.48

53.59

Tecan Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															44.32	43.47	49.95	50.02	51.15

Competitive Comparison of Tecan Group AG's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Tecan Group AG'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.

Tecan Group AG's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tecan Group AG's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tecan Group AG's Days Sales Outstanding falls into.

Tecan Group AG 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.

Tecan Group AG'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
=	( (156.835	+	158.677)	/	2 )	/	1074.386	*	365
=	157.756					/	1074.386	*	365
=	53.59

Tecan Group AG'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
=	( (140.006	+	158.677)	/	2 )	/	532.887	*	365 / 2
=	149.3415					/	532.887	*	365 / 2
=	51.15

Tecan Group AG (XSWX:TECN) Days Sales Outstanding Explanation

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

Tecan Group AG Days Sales Outstanding Related Terms

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Tecan Group AG (XSWX:TECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tecan Group AG (XSWX:TECN) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

TCGGY:USA TCHBF:USA TECNz:UK

Address

Seestrasse 103, Mannedorf, CHE, 8708

Website

https://www.tecan.com

Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life science research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.

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