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First Quantum Minerals (TSX:FM) Days Sales Outstanding : 24.91 (As of Mar. 2024)


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What is First Quantum Minerals Days Sales Outstanding?

First Quantum Minerals's average Accounts Receivable for the three months ended in Mar. 2024 was C$383 Mil. First Quantum Minerals's Revenue for the three months ended in Mar. 2024 was C$1,402 Mil. Hence, First Quantum Minerals's Days Sales Outstanding for the three months ended in Mar. 2024 was 24.91.

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

TSX:FM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.02   Med: 27.82   Max: 34.64
Current: 21.02

During the past 13 years, First Quantum Minerals's highest Days Sales Outstanding was 34.64. The lowest was 21.02. And the median was 27.82.

TSX:FM's Days Sales Outstanding is ranked better than
68.1% of 790 companies
in the Metals & Mining industry
Industry Median: 42.04 vs TSX:FM: 21.02

First Quantum Minerals's Days Sales Outstanding declined from Mar. 2023 (28.51) to Mar. 2024 (24.91).


First Quantum Minerals Days Sales Outstanding Historical Data

The historical data trend for First Quantum Minerals'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.

First Quantum Minerals Days Sales Outstanding Chart

First Quantum Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.59 34.64 26.56 22.26 21.74

First Quantum Minerals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.51 20.63 13.46 23.68 24.91

Competitive Comparison of First Quantum Minerals's Days Sales Outstanding

For the Copper subindustry, First Quantum Minerals'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.


First Quantum Minerals's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where First Quantum Minerals's Days Sales Outstanding falls into.



First Quantum Minerals 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.

First Quantum Minerals'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
=( (667.023 + 364.915) / 2 ) / 8661.37*365
=515.969 / 8661.37*365
=21.74

First Quantum Minerals's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding (Q: Mar. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )*Days in Period
=( (364.915 + 400.666) / 2 ) / 1402.33*365 / 4
=382.7905 / 1402.33*365 / 4
=24.91

* 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.


First Quantum Minerals  (TSX:FM) Days Sales Outstanding Explanation

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


First Quantum Minerals Days Sales Outstanding Related Terms

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First Quantum Minerals (TSX:FM) Business Description

Traded in Other Exchanges
Address
330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.