Absolute Clean Energy PCL (BKK:ACE) Days Sales Outstanding : 31.34 (As of Dec. 2023)

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What is Absolute Clean Energy PCL Days Sales Outstanding?

Absolute Clean Energy PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿550 Mil. Absolute Clean Energy PCL's Revenue for the three months ended in Dec. 2023 was ฿1,601 Mil. Hence, Absolute Clean Energy PCL's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.34.

The historical rank and industry rank for Absolute Clean Energy PCL's Days Sales Outstanding or its related term are showing as below:

BKK:ACE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.37 Med: 32.89 Max: 66.22
Current: 29.43

During the past 10 years, Absolute Clean Energy PCL's highest Days Sales Outstanding was 66.22. The lowest was 25.37. And the median was 32.89.

BKK:ACE's Days Sales Outstanding is ranked better than
86.31% of 409 companies
in the Utilities - Independent Power Producers industry
Industry Median: 66.36 vs BKK:ACE: 29.43

Absolute Clean Energy PCL's Days Sales Outstanding increased from Dec. 2022 (30.17) to Dec. 2023 (31.34).

Absolute Clean Energy PCL Days Sales Outstanding Historical Data

The historical data trend for Absolute Clean Energy PCL'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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Absolute Clean Energy PCL Days Sales Outstanding Chart

Absolute Clean Energy PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

34.06

25.37

29.41

29.22

31.71

Absolute Clean Energy PCL 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															30.17	26.73	27.08	30.44	31.34

Competitive Comparison of Absolute Clean Energy PCL's Days Sales Outstanding

For the Utilities - Renewable subindustry, Absolute Clean Energy PCL'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.

Absolute Clean Energy PCL's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Absolute Clean Energy PCL's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Absolute Clean Energy PCL's Days Sales Outstanding falls into.

Absolute Clean Energy PCL 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.

Absolute Clean Energy PCL'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
=	( (595.832	+	547.949)	/	2 )	/	6582.706	*	365
=	571.8905					/	6582.706	*	365
=	31.71

Absolute Clean Energy PCL'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
=	( (552.001	+	547.949)	/	2 )	/	1601.401	*	365 / 4
=	549.975					/	1601.401	*	365 / 4
=	31.34

Absolute Clean Energy PCL (BKK:ACE) Days Sales Outstanding Explanation

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

Absolute Clean Energy PCL Days Sales Outstanding Related Terms

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Absolute Clean Energy PCL (BKK:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Absolute Clean Energy PCL (BKK:ACE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

140/6 ITF Tower 7th Floor Silom Road, Suriyawong, Bangrak, Bangkok, THA, 10500

Website

https://www.ace-energy.co.th

Absolute Clean Energy PCL is engaged in electricity and steam generating and distributing business both domestically and internationally. The company operates in four reportable segments biomass, natural gas, municipal solid waste, and solar energy power plants. It holds approximately 19 COD power plants and approximately 17 projects are being developed.

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