Ghitha Holding PJSC (ADX:GHITHA) Days Sales Outstanding : 84.18 (As of Sep. 2023)

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What is Ghitha Holding PJSC Days Sales Outstanding?

Ghitha Holding PJSC's average Accounts Receivable for the three months ended in Sep. 2023 was د.إ1,148 Mil. Ghitha Holding PJSC's Revenue for the three months ended in Sep. 2023 was د.إ1,244 Mil. Hence, Ghitha Holding PJSC's Days Sales Outstanding for the three months ended in Sep. 2023 was 84.18.

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

ADX:GHITHA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.47 Med: 25.81 Max: 110.88
Current: 110.88

During the past 4 years, Ghitha Holding PJSC's highest Days Sales Outstanding was 110.88. The lowest was 6.47. And the median was 25.81.

ADX:GHITHA's Days Sales Outstanding is ranked worse than
93.14% of 306 companies
in the Retail - Defensive industry
Industry Median: 24.63 vs ADX:GHITHA: 110.88

Ghitha Holding PJSC's Days Sales Outstanding increased from Jun. 2022 (76.07) to Sep. 2023 (84.18).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Ghitha Holding PJSC Days Sales Outstanding Historical Data

The historical data trend for Ghitha Holding PJSC'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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Ghitha Holding PJSC Days Sales Outstanding Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

6.47

6.63

44.98

82.11

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial							76.07	110.34	93.50	79.03	84.18

Competitive Comparison of Ghitha Holding PJSC's Days Sales Outstanding

For the Food Distribution subindustry, Ghitha Holding PJSC'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.

Ghitha Holding PJSC's Days Sales Outstanding Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ghitha Holding PJSC's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ghitha Holding PJSC's Days Sales Outstanding falls into.

Ghitha Holding PJSC 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.

Ghitha Holding PJSC's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (129.337	+	895.777)	/	2 )	/	2278.566	*	365
=	512.557					/	2278.566	*	365
=	82.11

Ghitha Holding PJSC's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (1137.794	+	1158.334)	/	2 )	/	1244.488	*	365 / 4
=	1148.064					/	1244.488	*	365 / 4
=	84.18

Ghitha Holding PJSC (ADX:GHITHA) Days Sales Outstanding Explanation

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

Ghitha Holding PJSC Days Sales Outstanding Related Terms

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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

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