AFMA (CAS:AFM) Days Sales Outstanding : 1,159.78 (As of Dec. 2023)

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What is AFMA Days Sales Outstanding?

AFMA's average Accounts Receivable for the six months ended in Dec. 2023 was MAD729.7 Mil. AFMA's Revenue for the six months ended in Dec. 2023 was MAD114.8 Mil. Hence, AFMA's Days Sales Outstanding for the six months ended in Dec. 2023 was 1,159.78.

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

CAS:AFM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 871.83 Med: 962.35 Max: 1097.64
Current: 966.41

During the past 9 years, AFMA's highest Days Sales Outstanding was 1097.64. The lowest was 871.83. And the median was 962.35.

CAS:AFM's Days Sales Outstanding is ranked worse than
100% of 58 companies
in the Insurance industry
Industry Median: 58.46 vs CAS:AFM: 966.41

AFMA's Days Sales Outstanding increased from Dec. 2022 (1,123.11) to Dec. 2023 (1,159.78).

AFMA Days Sales Outstanding Historical Data

The historical data trend for AFMA'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.

AFMA Days Sales Outstanding Chart

AFMA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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948.76

907.72

1,000.19

949.05

871.83

AFMA Semi-Annual Data
	Jun15	Dec15	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													1,271.73	961.39	1,123.11	897.18	1,159.78

Competitive Comparison of AFMA's Days Sales Outstanding

For the Insurance Brokers subindustry, AFMA'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.

AFMA's Days Sales Outstanding Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, AFMA's Days Sales Outstanding distribution charts can be found below:

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

AFMA 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.

AFMA'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
=	( (596.213	+	640.028)	/	2 )	/	258.781	*	365
=	618.1205					/	258.781	*	365
=	871.83

AFMA'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
=	( (819.274	+	640.028)	/	2 )	/	114.816	*	365 / 2
=	729.651					/	114.816	*	365 / 2
=	1,159.78

AFMA (CAS:AFM) Days Sales Outstanding Explanation

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

AFMA Days Sales Outstanding Related Terms

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AFMA (CAS:AFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AFMA SA (CAS:AFM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

22, Moulay Youssef bd, Casablanca, MAR, 20 070

Website

http://www.afma.ma

AFMA SA provides insurance brokerage services in Morocco. It offers insurance products including Damage Insurance, Insurance Operating Losses, Civil Responsibilities, Car insurance, Transport Insurance, Construction-Related Insurance, Insurance of Persons and Credit insurance. It provides insurance services to both individuals and corporate clients.

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