Abingdon Health (LSE:ABDX) Days Sales Outstanding : 56.42 (As of Dec. 2023)

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What is Abingdon Health Days Sales Outstanding?

Abingdon Health's average Accounts Receivable for the six months ended in Dec. 2023 was £0.75 Mil. Abingdon Health's Revenue for the six months ended in Dec. 2023 was £2.41 Mil. Hence, Abingdon Health's Days Sales Outstanding for the six months ended in Dec. 2023 was 56.42.

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

LSE:ABDX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.66 Med: 136.73 Max: 973.78
Current: 52.68

During the past 6 years, Abingdon Health's highest Days Sales Outstanding was 973.78. The lowest was 22.66. And the median was 136.73.

LSE:ABDX's Days Sales Outstanding is ranked better than
72.73% of 220 companies
in the Medical Diagnostics & Research industry
Industry Median: 69.345 vs LSE:ABDX: 52.68

Abingdon Health's Days Sales Outstanding declined from Dec. 2022 (613.86) to Dec. 2023 (56.42).

Abingdon Health Days Sales Outstanding Historical Data

The historical data trend for Abingdon Health'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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Abingdon Health Days Sales Outstanding Chart

Abingdon Health Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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41.60

22.66

136.73

973.78

322.18

Abingdon Health Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial					967.60	1,310.42	613.86	40.90	56.42

Competitive Comparison of Abingdon Health's Days Sales Outstanding

For the Diagnostics & Research subindustry, Abingdon Health'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.

Abingdon Health's Days Sales Outstanding Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Abingdon Health's Days Sales Outstanding distribution charts can be found below:

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

Abingdon Health 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.

Abingdon Health's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (6.65	+	0.491)	/	2 )	/	4.045	*	365
=	3.5705					/	4.045	*	365
=	322.18

Abingdon Health'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.491	+	0.999)	/	2 )	/	2.41	*	365 / 2
=	0.745					/	2.41	*	365 / 2
=	56.42

Abingdon Health (LSE:ABDX) Days Sales Outstanding Explanation

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

Abingdon Health Days Sales Outstanding Related Terms

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Abingdon Health (LSE:ABDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Abingdon Health PLC (LSE:ABDX) » Definitions » Days Sales Outstanding

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Address

York Biotech Campus, Sand Hutton, York, GBR, YO41 1LZ

Website

https://www.abingdonhealth.com

Abingdon Health PLC is a technology-enabled lateral flow diagnostics company. It provides rapid testing solutions to clients in healthcare and other industries. The firm's product ABC-19 is an antibody test for Covid-19 , and also produces tests covering areas such as self-test HIV, equine infection, human fertility, etc. Business operating segments includes; Contract Development comprises development work for third parties. Contract Manufacturing comprises contract development and manufacturing activities. Product Sales comprises the sale of ABC-19, Pocket Diagnostic products, PCRD tests and antibodies for research use. Key revenue comes from Contract Development segment. Geographically it operates and earns revenue from the UK, USA and Canada, Europe and the rest of the world.

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