Alta Equipment Group (Alta Equipment Group) Days Sales Outstanding : 50.49 (As of Mar. 2024)

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What is Alta Equipment Group Days Sales Outstanding?

Alta Equipment Group's average Accounts Receivable for the three months ended in Mar. 2024 was $244.35 Mil. Alta Equipment Group's Revenue for the three months ended in Mar. 2024 was $441.60 Mil. Hence, Alta Equipment Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 50.49.

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

ALTGpA.PFD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.27 Med: 48.24 Max: 57.57
Current: 46.27

During the past 7 years, Alta Equipment Group's highest Days Sales Outstanding was 57.57. The lowest was 46.27. And the median was 48.24.

ALTGpA.PFD's Days Sales Outstanding is ranked better than
68.17% of 1040 companies
in the Business Services industry
Industry Median: 59.095 vs ALTGpA.PFD: 46.27

Alta Equipment Group's Days Sales Outstanding increased from Mar. 2023 (50.01) to Mar. 2024 (50.49).

Alta Equipment Group Days Sales Outstanding Historical Data

The historical data trend for Alta Equipment 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.

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Alta Equipment Group Days Sales Outstanding Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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57.57

48.23

48.24

46.88

Alta Equipment Group 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															50.01	44.32	47.54	44.48	50.49

Competitive Comparison of Alta Equipment Group's Days Sales Outstanding

For the Rental & Leasing Services subindustry, Alta Equipment 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.

Alta Equipment Group's Days Sales Outstanding Distribution in the Business Services Industry

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

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

Alta Equipment 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.

Alta Equipment 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
=	( (232.8	+	249.3)	/	2 )	/	1876.8	*	365
=	241.05					/	1876.8	*	365
=	46.88

Alta Equipment Group'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
=	( (249.3	+	239.4)	/	2 )	/	441.6	*	365 / 4
=	244.35					/	441.6	*	365 / 4
=	50.49

Alta Equipment Group (NYSE:ALTGpA.PFD) Days Sales Outstanding Explanation

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

Alta Equipment Group Days Sales Outstanding Related Terms

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Alta Equipment Group (Alta Equipment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (NYSE:ALTGpA.PFD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ALTG:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.