Target Hospitality (Target Hospitality) Days Sales Outstanding : 45.74 (As of Dec. 2023)

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What is Target Hospitality Days Sales Outstanding?

Target Hospitality's average Accounts Receivable for the three months ended in Dec. 2023 was $63.3 Mil. Target Hospitality's Revenue for the three months ended in Dec. 2023 was $126.2 Mil. Hence, Target Hospitality's Days Sales Outstanding for the three months ended in Dec. 2023 was 45.74.

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

TH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.79 Med: 47.85 Max: 86.63
Current: 35.59

During the past 7 years, Target Hospitality's highest Days Sales Outstanding was 86.63. The lowest was 25.79. And the median was 47.85.

TH's Days Sales Outstanding is ranked better than
80.08% of 1039 companies
in the Business Services industry
Industry Median: 58.23 vs TH: 35.59

Target Hospitality's Days Sales Outstanding increased from Dec. 2022 (25.11) to Dec. 2023 (45.74).

Target Hospitality Days Sales Outstanding Historical Data

The historical data trend for Target Hospitality'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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Target Hospitality Days Sales Outstanding Chart

Target Hospitality Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.01

62.14

35.68

25.79

35.37

Target Hospitality 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															25.11	29.30	33.71	35.26	45.74

Competitive Comparison of Target Hospitality's Days Sales Outstanding

For the Specialty Business Services subindustry, Target Hospitality'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.

Target Hospitality's Days Sales Outstanding Distribution in the Business Services Industry

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

* The bar in red indicates where Target Hospitality's Days Sales Outstanding falls into.

Target Hospitality 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.

Target Hospitality'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
=	( (42.153	+	67.092)	/	2 )	/	563.608	*	365
=	54.6225					/	563.608	*	365
=	35.37

Target Hospitality'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
=	( (59.459	+	67.092)	/	2 )	/	126.22	*	365 / 4
=	63.2755					/	126.22	*	365 / 4
=	45.74

Target Hospitality (NAS:TH) Days Sales Outstanding Explanation

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

Target Hospitality Days Sales Outstanding Related Terms

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Target Hospitality (Target Hospitality) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Target Hospitality Corp (NAS:TH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

9320 Lakeside Boulevard, Suite 300, The Woodlands, Houston, TX, USA, 77381

Website

https://www.targethospitality.com

Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists primarily of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.

Executives

Eric Kalamaras	officer: EVP and CFO	ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119
Troy C. Schenk	officer: Chief Commercial Officer	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jason Paul Vlacich	officer: Chief Accounting Officer	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Alejandro Hernandez	director	12500 BALTIMORE AVENUE, BELTSVILLE MD 20750
James B. Archer	director, officer: President and CEO	C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jeffrey Sagansky	director	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Pamela H. Patenaude	director	26642 TOWNE CENTRE DRIVE, C/O LOANDEPOT, INC., FOOTHILL RANCH CA 92610
Tdr Capital Ii Investments Lp	10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Manjit Dale	10 percent owner	C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU
Capital Llp Tdr	10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Stephen Robertson	director, 10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Arrow Holdings S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG N4 L-2453
Modulaire Holding S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Global S.a.r.l.	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Limited Partnership Slp	10 percent owner	20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453