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KMX (CarMax) Days Sales Outstanding : 2.87 (As of Aug. 2024)


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What is CarMax Days Sales Outstanding?

CarMax's average Accounts Receivable for the three months ended in Aug. 2024 was $220 Mil. CarMax's Revenue for the three months ended in Aug. 2024 was $7,014 Mil. Hence, CarMax's Days Sales Outstanding for the three months ended in Aug. 2024 was 2.87.

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

KMX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.74   Med: 3.26   Max: 5.29
Current: 3.23

During the past 13 years, CarMax's highest Days Sales Outstanding was 5.29. The lowest was 2.74. And the median was 3.26.

KMX's Days Sales Outstanding is ranked better than
98.51% of 1276 companies
in the Vehicles & Parts industry
Industry Median: 60.395 vs KMX: 3.23

CarMax's Days Sales Outstanding declined from Aug. 2023 (3.83) to Aug. 2024 (2.87).


CarMax Days Sales Outstanding Historical Data

The historical data trend for CarMax'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.

* Premium members only.

CarMax Days Sales Outstanding Chart

CarMax Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 4.14 4.58 5.29 3.58

CarMax Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.83 3.59 3.52 2.78 2.87

Competitive Comparison of CarMax's Days Sales Outstanding

For the Auto & Truck Dealerships subindustry, CarMax'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.


CarMax's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Days Sales Outstanding distribution charts can be found below:

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



CarMax 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.

CarMax's Days Sales Outstanding for the fiscal year that ended in Feb. 2024 is calculated as

Days Sales Outstanding (A: Feb. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Feb. 2023 ) + Accounts Receivable (A: Feb. 2024 )) / count ) / Revenue (A: Feb. 2024 )*Days in Period
=( (298.783 + 221.153) / 2 ) / 26536.04*365
=259.968 / 26536.04*365
=3.58

CarMax's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

Days Sales Outstanding (Q: Aug. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: May. 2024 ) + Accounts Receivable (A: Aug. 2024 )) / count ) / Revenue (A: Aug. 2024 )*Days in Period
=( (212.37 + 228.112) / 2 ) / 7013.529*365 / 4
=220.241 / 7013.529*365 / 4
=2.87

* 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.


CarMax  (NYSE:KMX) Days Sales Outstanding Explanation

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


CarMax Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of CarMax's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.


CarMax Business Description

Traded in Other Exchanges
Address
12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238
CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (79% in fiscal 2024 due to the chip shortage) and wholesale about 13% (19% in fiscal 2024), with the remaining portion composed of extended service plans and repair. In fiscal 2024, the company retailed and wholesaled 765,572, and 546,331 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in 2023. It seeks over 5% share a few years from now. CarMax is based in Richmond, Virginia.
Executives
Jill A Livesay officer: VP, Controller & PAO CARMAX, INC., 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Mohammad Shamim officer: SVP and CIO 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Charles Joseph Wilson officer: SVP 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Enrique N Mayor-mora officer: SVP & CFO 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
William D Nash officer: EVP, HR & Admin Services 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Jon G Daniels officer: SVP, CAF 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Diane L Cafritz officer: SVP & CHRO 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Darren C Newberry officer: SVP 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
James Lyski officer: SVP & Chief Marketing Officer CARMAX, 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Ronald E Blaylock director
Edwin J Hill officer: SVP 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Eric M Margolin officer: SVP, Gen. Counsel & Secretary CARMAX, 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Thomas J Folliard officer: Executive Vice President 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Reedy Thomas W Jr officer: SVP & CFO 12800 TUCKHOE CREEK PARKWAY, RICHMOND VA 23238
Mark F Oneil director C/O CARMAX, INC., 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238