Finning International (TSX:FTT) Days Sales Outstanding : 38.01 (As of Mar. 2024)

View and export this data going back to 1969. Start your Free Trial

What is Finning International Days Sales Outstanding?

Finning International's average Accounts Receivable for the three months ended in Mar. 2024 was C$1,077 Mil. Finning International's Revenue for the three months ended in Mar. 2024 was C$2,584 Mil. Hence, Finning International's Days Sales Outstanding for the three months ended in Mar. 2024 was 38.01.

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

TSX:FTT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.12 Med: 49.11 Max: 55.32
Current: 38.72

During the past 13 years, Finning International's highest Days Sales Outstanding was 55.32. The lowest was 37.12. And the median was 49.11.

TSX:FTT's Days Sales Outstanding is ranked better than
84.72% of 144 companies
in the Industrial Distribution industry
Industry Median: 58.595 vs TSX:FTT: 38.72

Finning International's Days Sales Outstanding declined from Mar. 2023 (43.96) to Mar. 2024 (38.01).

Finning International Days Sales Outstanding Historical Data

The historical data trend for Finning International'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.

Finning International Days Sales Outstanding Chart

Finning International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

44.08

48.57

39.26

38.71

37.12

Finning International 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															43.96	39.25	40.07	36.99	38.01

Competitive Comparison of Finning International's Days Sales Outstanding

For the Industrial Distribution subindustry, Finning International'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.

Finning International's Days Sales Outstanding Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Finning International's Days Sales Outstanding distribution charts can be found below:

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

Finning International 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.

Finning International'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
=	( (1129	+	1012)	/	2 )	/	10527	*	365
=	1070.5					/	10527	*	365
=	37.12

Finning International'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
=	( (1012	+	1141)	/	2 )	/	2584	*	365 / 4
=	1076.5					/	2584	*	365 / 4
=	38.01

Finning International (TSX:FTT) Days Sales Outstanding Explanation

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

Finning International Days Sales Outstanding Related Terms

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

Finning International (TSX:FTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Finning International Inc (TSX:FTT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FINGF:USA CIH:Germany

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, South America, UK and Ireland, and others.

Executives

Kevin Parkes

Senior Officer