Shoals Technologies Group (Shoals Technologies Group) Days Sales Outstanding : 75.56 (As of Dec. 2023)

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What is Shoals Technologies Group Days Sales Outstanding?

Shoals Technologies Group's average Accounts Receivable for the three months ended in Dec. 2023 was $108.0 Mil. Shoals Technologies Group's Revenue for the three months ended in Dec. 2023 was $130.4 Mil. Hence, Shoals Technologies Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 75.56.

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

SHLS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.81 Med: 57.66 Max: 91.5
Current: 65.56

During the past 6 years, Shoals Technologies Group's highest Days Sales Outstanding was 91.50. The lowest was 45.81. And the median was 57.66.

SHLS's Days Sales Outstanding is ranked worse than
54.09% of 978 companies
in the Semiconductors industry
Industry Median: 62.445 vs SHLS: 65.56

Shoals Technologies Group's Days Sales Outstanding increased from Dec. 2022 (58.92) to Dec. 2023 (75.56).

Shoals Technologies Group Days Sales Outstanding Historical Data

The historical data trend for Shoals Technologies Group'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.

Shoals Technologies Group Days Sales Outstanding Chart

Shoals Technologies Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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67.32

56.46

50.08

45.81

58.86

Shoals Technologies Group Quarterly Data
	Dec18	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														58.92	54.70	66.03	70.03	75.56

Competitive Comparison of Shoals Technologies Group's Days Sales Outstanding

For the Solar subindustry, Shoals Technologies Group'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.

Shoals Technologies Group's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shoals Technologies Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shoals Technologies Group's Days Sales Outstanding falls into.

Shoals Technologies Group 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.

Shoals Technologies Group'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
=	( (50.575	+	107.118)	/	2 )	/	488.939	*	365
=	78.8465					/	488.939	*	365
=	58.86

Shoals Technologies Group'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
=	( (108.886	+	107.118)	/	2 )	/	130.436	*	365 / 4
=	108.002					/	130.436	*	365 / 4
=	75.56

Shoals Technologies Group (NAS:SHLS) Days Sales Outstanding Explanation

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

Shoals Technologies Group Days Sales Outstanding Related Terms

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Shoals Technologies Group (Shoals Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shoals Technologies Group Inc (NAS:SHLS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SHLS:Mexico

Address

1400 Shoals Way, Portland, TN, USA, 37148

Website

https://www.shoals.com

Shoals Technologies Group Inc is a provider of electrical balance of system or EBOS solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement and construction firms that build solar energy projects. In 2022 the company entered the electric vehicle charging market.

Executives

Jeffery Tolnar	officer: President	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Mehgan Peetz	officer: General Counsel	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Dominic Bardos	officer: Chief Financial Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Brandon Moss	officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jason R Whitaker	director, officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Dean Solon	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jeannette M Mills	director	C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117
Robert K. Julian	director	C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Philip A Garton	officer: Chief Financial Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
White John Joseph Jr	officer: Chief Operating Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Lori S Sundberg	director	400 NORTH FIFTH STREET, PHOENIX AZ 85004
Ty P. Daul	director	77 RIO ROBLES, SAN JOSE CA 95134
Toni Volpe	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Solon Holdco Iii, Llc	10 percent owner	1400 SHOALS WAY, PORTLAND TN 37148