Afric Industries (CAS:AFI) Days Sales Outstanding : 106.44 (As of Dec. 2023)

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What is Afric Industries Days Sales Outstanding?

Afric Industries's average Accounts Receivable for the six months ended in Dec. 2023 was MAD14.19 Mil. Afric Industries's Revenue for the six months ended in Dec. 2023 was MAD24.32 Mil. Hence, Afric Industries's Days Sales Outstanding for the six months ended in Dec. 2023 was 106.44.

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

CAS:AFI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 109.31 Med: 143.41 Max: 163.72
Current: 119.27

During the past 8 years, Afric Industries's highest Days Sales Outstanding was 163.72. The lowest was 109.31. And the median was 143.41.

CAS:AFI's Days Sales Outstanding is ranked worse than
87.44% of 422 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.075 vs CAS:AFI: 119.27

Afric Industries's Days Sales Outstanding increased from Dec. 2022 (70.00) to Dec. 2023 (106.44).

Afric Industries Days Sales Outstanding Historical Data

The historical data trend for Afric Industries'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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Afric Industries Days Sales Outstanding Chart

Afric Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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132.62

163.72

143.41

136.66

109.31

Afric Industries Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial													163.44	67.39	70.00	147.33	106.44

Competitive Comparison of Afric Industries's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Afric Industries'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.

Afric Industries's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Afric Industries's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Afric Industries's Days Sales Outstanding falls into.

Afric Industries 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.

Afric Industries'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
=	( (13.869	+	11.94)	/	2 )	/	43.091	*	365
=	12.9045					/	43.091	*	365
=	109.31

Afric Industries'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (16.433	+	11.94)	/	2 )	/	24.323	*	365 / 2
=	14.1865					/	24.323	*	365 / 2
=	106.44

Afric Industries (CAS:AFI) Days Sales Outstanding Explanation

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

Afric Industries Days Sales Outstanding Related Terms

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Afric Industries (CAS:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Afric Industries SA (CAS:AFI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368

Website

http://www.africindustries.com

Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

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