Verite Co (TSE:9904) Days Sales Outstanding : 31.18 (As of Dec. 2023)

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What is Verite Co Days Sales Outstanding?

Verite Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円711 Mil. Verite Co's Revenue for the three months ended in Dec. 2023 was 円2,079 Mil. Hence, Verite Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.18.

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

TSE:9904' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.64 Med: 36.72 Max: 41.79
Current: 32.77

During the past 13 years, Verite Co's highest Days Sales Outstanding was 41.79. The lowest was 23.64. And the median was 36.72.

TSE:9904's Days Sales Outstanding is ranked worse than
67.99% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 17.86 vs TSE:9904: 32.77

Verite Co's Days Sales Outstanding increased from Dec. 2022 (30.72) to Dec. 2023 (31.18).

Verite Co Days Sales Outstanding Historical Data

The historical data trend for Verite Co'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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Verite Co Days Sales Outstanding Chart

Verite Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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41.58

41.79

37.42

38.23

36.01

Verite Co 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															30.72	32.40	36.05	28.74	31.18

Competitive Comparison of Verite Co's Days Sales Outstanding

For the Luxury Goods subindustry, Verite Co'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.

Verite Co's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Verite Co's Days Sales Outstanding distribution charts can be found below:

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

Verite Co 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.

Verite Co's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (765	+	738)	/	2 )	/	7617	*	365
=	751.5					/	7617	*	365
=	36.01

Verite Co'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
=	( (626	+	795)	/	2 )	/	2079	*	365 / 4
=	710.5					/	2079	*	365 / 4
=	31.18

Verite Co (TSE:9904) Days Sales Outstanding Explanation

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

Verite Co Days Sales Outstanding Related Terms

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Verite Co (TSE:9904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Verite Co Ltd (TSE:9904) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tsuruya-machi 3 - chome 33 - 8, Yokohama-shi Kanagawa-ku, Kanagawa, JPN, 221-8705

Website

http://www.verite.jp

Verite Co Ltd is engaged in operating jewellery specialty retail chain. The company is engaged in manufacture and sale of precious metal, clock, and fashion goods. The firm offers customer service and after sales service which include repair, processing, and renovation.

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