Credit Acceptance (BSP:CRDA34) Days Sales Outstanding : 0.00 (As of Mar. 2024)

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What is Credit Acceptance Days Sales Outstanding?

Credit Acceptance's average Accounts Receivable for the three months ended in Mar. 2024 was R$0 Mil. Credit Acceptance's Revenue for the three months ended in Mar. 2024 was R$2,498 Mil. Hence, Credit Acceptance's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

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

BSP:CRDA34's Days Sales Outstanding is not ranked ^*
in the Credit Services industry.
Industry Median: 46.66
* Ranked among companies with meaningful Days Sales Outstanding only.

Credit Acceptance's Days Sales Outstanding stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Credit Acceptance Days Sales Outstanding Historical Data

The historical data trend for Credit Acceptance'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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Credit Acceptance Days Sales Outstanding Chart

Credit Acceptance Annual Data

Trend

Dec14

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Dec23

Days Sales Outstanding

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Credit Acceptance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Credit Acceptance's Days Sales Outstanding

For the Credit Services subindustry, Credit Acceptance'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.

Credit Acceptance's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Credit Acceptance's Days Sales Outstanding distribution charts can be found below:

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

Credit Acceptance 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.

Credit Acceptance'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
=	( (0	+	0)	/	1 )	/	9210.644	*	365
=	0					/	9210.644	*	365
=	0.00

Credit Acceptance's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2498.366	*	365 / 4
=	0					/	2498.366	*	365 / 4
=	0.00

Credit Acceptance (BSP:CRDA34) Days Sales Outstanding Explanation

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

Credit Acceptance Days Sales Outstanding Related Terms

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Credit Acceptance (BSP:CRDA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Acceptance Corp (BSP:CRDA34) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CACC:USA

Address

25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339

Website

https://www.creditacceptance.com

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

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