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Parkin Co (DFM:PARKIN) Days Sales Outstanding : 85.85 (As of Mar. 2024)


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What is Parkin Co Days Sales Outstanding?

Parkin Co's average Accounts Receivable for the three months ended in Mar. 2024 was د.إ202.5 Mil. Parkin Co's Revenue for the three months ended in Mar. 2024 was د.إ215.3 Mil. Hence, Parkin Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 85.85.

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

DFM:PARKIN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 92.44   Med: 127.8   Max: 343.39
Current: 343.39

During the past 3 years, Parkin Co's highest Days Sales Outstanding was 343.39. The lowest was 92.44. And the median was 127.80.

DFM:PARKIN's Days Sales Outstanding is ranked worse than
94.29% of 1647 companies
in the Construction industry
Industry Median: 73.58 vs DFM:PARKIN: 343.39

Parkin Co's Days Sales Outstanding increased from Dec. 2021 (0.00) to Mar. 2024 (85.85).

Parkin Co Days Sales Outstanding Historical Data

The historical data trend for Parkin Co'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.

Parkin Co Days Sales Outstanding Chart

Parkin Co Annual Data
Trend Dec21 Dec22 Dec23
Days Sales Outstanding
162.02 127.80 92.44

Parkin Co Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Days Sales Outstanding - - 100.25 - 85.85

Competitive Comparison of Parkin Co's Days Sales Outstanding

For the Infrastructure Operations subindustry, Parkin Co'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.

Parkin Co's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Parkin Co's Days Sales Outstanding distribution charts can be found below:

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


Parkin Co 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.

Parkin Co'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
=( (218.414 + 176.349) / 2 ) / 779.379*365
=197.3815 / 779.379*365
=92.44

Parkin Co'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
=( (176.349 + 228.718) / 2 ) / 215.277*365 / 4
=202.5335 / 215.277*365 / 4
=85.85

* 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.

Parkin Co  (DFM:PARKIN) Days Sales Outstanding Explanation

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

Parkin Co Days Sales Outstanding Related Terms

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Parkin Co (DFM:PARKIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » Days Sales Outstanding
Comparable Companies
Traded in Other Exchanges
N/A
Address
Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE
Website
https://www.parkin.ae
Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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