Grindrod Shipping Holdings (Grindrod Shipping Holdings) Days Sales Outstanding : 5.71 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Grindrod Shipping Holdings Days Sales Outstanding?

Grindrod Shipping Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $5.6 Mil. Grindrod Shipping Holdings's Revenue for the three months ended in Dec. 2023 was $88.8 Mil. Hence, Grindrod Shipping Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 5.71.

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

GRIN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.46 Med: 14.19 Max: 21.96
Current: 6.46

During the past 9 years, Grindrod Shipping Holdings's highest Days Sales Outstanding was 21.96. The lowest was 6.46. And the median was 14.19.

GRIN's Days Sales Outstanding is ranked better than
95.54% of 964 companies
in the Transportation industry
Industry Median: 45.73 vs GRIN: 6.46

Grindrod Shipping Holdings's Days Sales Outstanding declined from Dec. 2022 (11.05) to Dec. 2023 (5.71).

Grindrod Shipping Holdings Days Sales Outstanding Historical Data

The historical data trend for Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings Days Sales Outstanding Chart

Grindrod Shipping Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

16.89

18.28

6.77

8.03

8.48

Grindrod Shipping Holdings Quarterly Data
	Jun18	Dec18	Jun19	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															11.05	9.84	4.96	4.45	5.71

Competitive Comparison of Grindrod Shipping Holdings's Days Sales Outstanding

For the Marine Shipping subindustry, Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings's Days Sales Outstanding Distribution in the Transportation Industry

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

* The bar in red indicates where Grindrod Shipping Holdings's Days Sales Outstanding falls into.

Grindrod Shipping Holdings 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.

Grindrod Shipping Holdings'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
=	( (11.29	+	6.702)	/	2 )	/	387.096	*	365
=	8.996					/	387.096	*	365
=	8.48

Grindrod Shipping Holdings'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
=	( (4.404	+	6.702)	/	2 )	/	88.785	*	365 / 4
=	5.553					/	88.785	*	365 / 4
=	5.71

Grindrod Shipping Holdings (NAS:GRIN) Days Sales Outstanding Explanation

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

Grindrod Shipping Holdings Days Sales Outstanding Related Terms

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

Grindrod Shipping Holdings (Grindrod Shipping Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Shipping Holdings Ltd (NAS:GRIN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GSH:South Africa 1RZ:Germany

Address

200 Cantonment Road, No. 03-01 Southpoint, Singapore, SGP, 089763

Website

https://www.grinshipping.com

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue.

Executives

Industrial Partnership Investments Proprietary Ltd

10 percent owner

P O BOX 456, STELLENBOSCH T3 7599