C3is (CISS) Days Sales Outstanding : 50.37 (As of Jun. 2023)

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What is C3is Days Sales Outstanding?

C3is's average Accounts Receivable for the three months ended in Jun. 2023 was $0.94 Mil. C3is's Revenue for the three months ended in Jun. 2023 was $1.70 Mil. Hence, C3is's Days Sales Outstanding for the three months ended in Jun. 2023 was 50.37.

The historical rank and industry rank for C3is's Days Sales Outstanding or its related term are showing as below:

CISS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.9 Med: 42.17 Max: 267.92
Current: 267.92

During the past 3 years, C3is's highest Days Sales Outstanding was 267.92. The lowest was 9.90. And the median was 42.17.

CISS's Days Sales Outstanding is ranked worse than
97.31% of 966 companies
in the Transportation industry
Industry Median: 45.79 vs CISS: 267.92

C3is's Days Sales Outstanding increased from Mar. 2022 (13.56) to Jun. 2023 (50.37).

C3is Days Sales Outstanding Historical Data

The historical data trend for C3is'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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C3is Days Sales Outstanding Chart

C3is Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

9.90

74.44

C3is Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			15.82	-	27.23	50.37	-

Competitive Comparison of C3is's Days Sales Outstanding

For the Marine Shipping subindustry, C3is'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.

C3is's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, C3is's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where C3is's Days Sales Outstanding falls into.

C3is 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.

C3is'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
=	( (0.675	+	10.443)	/	2 )	/	27.259	*	365
=	5.559					/	27.259	*	365
=	74.44

C3is's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.951	+	0.929)	/	2 )	/	1.703	*	365 / 4
=	0.94					/	1.703	*	365 / 4
=	50.37

C3is (NAS:CISS) Days Sales Outstanding Explanation

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

C3is Days Sales Outstanding Related Terms

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C3is (CISS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » C3is Inc (NAS:CISS) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.c3is.pro

C3is Inc is a provider of international seaborne transportation services to dry bulk charterers, including major national and private industrial users, commodity producers and traders. The company owns and operates a fleet of two dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The total cargo-carrying capacity of our fleet is approximately 64,000 dwt.