Primoris Services (Primoris Services) Days Sales Outstanding : 58.64 (As of Dec. 2023)

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What is Primoris Services Days Sales Outstanding?

Primoris Services's average Accounts Receivable for the three months ended in Dec. 2023 was $974 Mil. Primoris Services's Revenue for the three months ended in Dec. 2023 was $1,516 Mil. Hence, Primoris Services's Days Sales Outstanding for the three months ended in Dec. 2023 was 58.64.

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

PRIM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.24 Med: 54.29 Max: 64.99
Current: 64.99

During the past 13 years, Primoris Services's highest Days Sales Outstanding was 64.99. The lowest was 41.24. And the median was 54.29.

PRIM's Days Sales Outstanding is ranked better than
56.86% of 1641 companies
in the Construction industry
Industry Median: 72.53 vs PRIM: 64.99

Primoris Services's Days Sales Outstanding increased from Dec. 2022 (58.34) to Dec. 2023 (58.64).

Primoris Services Days Sales Outstanding Historical Data

The historical data trend for Primoris Services'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.

Primoris Services Days Sales Outstanding Chart

Primoris Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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50.47

54.08

59.74

59.20

55.08

Primoris Services 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															58.34	65.07	74.35	71.84	58.64

Competitive Comparison of Primoris Services's Days Sales Outstanding

For the Engineering & Construction subindustry, Primoris Services'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.

Primoris Services's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Days Sales Outstanding distribution charts can be found below:

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

Primoris Services 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.

Primoris Services'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
=	( (837.268	+	887.797)	/	2 )	/	5715.309	*	365
=	862.5325					/	5715.309	*	365
=	55.08

Primoris Services'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
=	( (1060.145	+	887.797)	/	2 )	/	1515.549	*	365 / 4
=	973.971					/	1515.549	*	365 / 4
=	58.64

Primoris Services (NYSE:PRIM) Days Sales Outstanding Explanation

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

Primoris Services Days Sales Outstanding Related Terms

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Primoris Services (Primoris Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primoris Services Corp (NYSE:PRIM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

1PM:Germany

Address

2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201

Website

https://www.primoriscorp.com

Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.

Executives

Thomas Edward Mccormick	officer: Chief Operating Officer	2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Stephen C. Cook	director	7500 SAN FELIPE, STE. 600, HOUSTON TX 77063
David Lee King	officer: Chief Operating Officer	2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
John M. Perisich	officer: Senior VP and General Counsel, other: Member - see remark	26000 COMMERCENTRE DR., LAKE FOREST CA 92630
John Schauerman	director, officer: Chief Financial Officer, other: Member - see remark	26000 COMMERCENTRE DR., LAKE FOREST CA 92630
Moreno John F Jr	officer: Chief Operating Officer	C/O PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD ST, SUITE 1900, DALLAS TX 75201
Michael E. Ching	director	C/O PRIMORIS SERVICES CORPORATION, 2300 N FIELD STREET, SUITE 1900, DALLAS TX 75201
Terry D Mccallister	director	1100 H ST NW, WASHINGTON DC 20080
Jose Ramon Rodriguez	director	PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201
Thomas E. Tucker	director	3 UPPER NEWPORT PLAZA DRIVE, NEWPORT BEACH CA 92660
Patricia K Wagner	director	1720 NORTH FIRST STREET, SAN JOSE CA 95020
Kenneth Morris Dodgen	officer: Corporate Controller	2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Brian Pratt	director, 10 percent owner, officer: Chairman, CEO & President, other: Member - see remark	5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225
Carla S Mashinski	director	8200 S. UNIT DRIVE, TULSA OK 74132
Travis L Stricker	officer: Chief Accounting Officer	2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380