Vestis's average Accounts Receivable for the
three
months ended in Mar. 2024 was $405 Mil. Vestis's Revenue for the
three
months ended in Mar. 2024 was $705 Mil.
Hence, Vestis's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 52.34.
The historical rank and industry rank for Vestis's Days Sales Outstanding or its related term are showing as below:
VSTS'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.59 Med: 47.14 Max: 50.49
Current: 50.49
During the past 4 years, Vestis's highest Days Sales Outstanding was 50.49. The lowest was 46.59. And the median was 47.14.
VSTS's Days Sales Outstanding is ranked better than 61.18% of 1038
companies
in the Business Services industry
Industry Median: 58.945
vs VSTS: 50.49
Vestis's Days Sales Outstanding
increased
from Mar. 2023 (49.54) to Mar. 2024 (52.34).
Vestis Days Sales Outstanding Historical Data
The historical data trend for Vestis'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.
Competitive Comparison of Vestis's Days Sales Outstanding
For the Rental & Leasing Services subindustry, Vestis'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.
Vestis's Days Sales Outstanding Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Vestis's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Vestis's Days Sales Outstanding falls into.
Vestis 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.
* 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.
Vestis (NYSE:VSTS) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Vestis Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Vestis's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.
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