Corning (BUE:GLW) Days Sales Outstanding : 49.44 (As of Dec. 2023)

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What is Corning Days Sales Outstanding?

Corning's average Accounts Receivable for the three months ended in Dec. 2023 was ARS585,578 Mil. Corning's Revenue for the three months ended in Dec. 2023 was ARS1,080,834 Mil. Hence, Corning's Days Sales Outstanding for the three months ended in Dec. 2023 was 49.44.

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

BUE:GLW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.74 Med: 56.5 Max: 64.08
Current: 48.6

During the past 13 years, Corning's highest Days Sales Outstanding was 64.08. The lowest was 47.74. And the median was 56.50.

BUE:GLW's Days Sales Outstanding is ranked better than
79.64% of 2456 companies
in the Hardware industry
Industry Median: 75.03 vs BUE:GLW: 48.60

Corning's Days Sales Outstanding increased from Dec. 2022 (41.04) to Dec. 2023 (49.44).

Corning Days Sales Outstanding Historical Data

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

Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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48.54

56.21

48.25

37.66

34.38

Corning 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															41.04	45.20	43.10	41.31	49.44

Competitive Comparison of Corning's Days Sales Outstanding

For the Electronic Components subindustry, Corning'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.

Corning's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Corning's Days Sales Outstanding distribution charts can be found below:

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

Corning 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.

Corning'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
=	( (288525.642	+	567492.001)	/	2 )	/	4544268.004	*	365
=	428008.8215					/	4544268.004	*	365
=	34.38

Corning'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
=	( (603663.767	+	567492.001)	/	2 )	/	1080834.001	*	365 / 4
=	585577.884					/	1080834.001	*	365 / 4
=	49.44

Corning (BUE:GLW) Days Sales Outstanding Explanation

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

Corning Days Sales Outstanding Related Terms

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Corning (BUE:GLW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corning Inc (BUE:GLW) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GLW:USA 1GLW:Italy GLW:Germany G1LW34:Brazil

Address

One Riverfront Plaza, Corning, NY, USA, 14831

Website

https://www.corning.com

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.