PT Argo Pantes Tbk (ISX:ARGO) Days Sales Outstanding : 209.07 (As of Mar. 2024)

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What is PT Argo Pantes Tbk Days Sales Outstanding?

PT Argo Pantes Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp56,192 Mil. PT Argo Pantes Tbk's Revenue for the three months ended in Mar. 2024 was Rp24,526 Mil. Hence, PT Argo Pantes Tbk's Days Sales Outstanding for the three months ended in Mar. 2024 was 209.07.

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

ISX:ARGO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.31 Med: 39.65 Max: 187.98
Current: 187.98

During the past 13 years, PT Argo Pantes Tbk's highest Days Sales Outstanding was 187.98. The lowest was 21.31. And the median was 39.65.

ISX:ARGO's Days Sales Outstanding is ranked worse than
92.82% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs ISX:ARGO: 187.98

PT Argo Pantes Tbk's Days Sales Outstanding increased from Mar. 2023 (163.18) to Mar. 2024 (209.07).

PT Argo Pantes Tbk Days Sales Outstanding Historical Data

The historical data trend for PT Argo Pantes Tbk'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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PT Argo Pantes Tbk Days Sales Outstanding Chart

PT Argo Pantes Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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48.10

187.92

148.94

157.04

165.80

PT Argo Pantes Tbk 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															163.18	188.82	174.26	171.64	209.07

Competitive Comparison of PT Argo Pantes Tbk's Days Sales Outstanding

For the Textile Manufacturing subindustry, PT Argo Pantes Tbk'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.

PT Argo Pantes Tbk's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Argo Pantes Tbk's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where PT Argo Pantes Tbk's Days Sales Outstanding falls into.

PT Argo Pantes Tbk 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.

PT Argo Pantes Tbk'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
=	( (44721.046	+	48975.979)	/	2 )	/	103137.14	*	365
=	46848.5125					/	103137.14	*	365
=	165.80

PT Argo Pantes Tbk'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
=	( (48975.979	+	63407.416)	/	2 )	/	24525.525	*	365 / 4
=	56191.6975					/	24525.525	*	365 / 4
=	209.07

PT Argo Pantes Tbk (ISX:ARGO) Days Sales Outstanding Explanation

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

PT Argo Pantes Tbk Days Sales Outstanding Related Terms

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PT Argo Pantes Tbk (ISX:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Argo Pantes Tbk (ISX:ARGO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930

Website

https://www.argopantes.com

PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sales of finished fabric, knitting, and garment. The company has two operating segments which include the textile industry and rent out of which the majority of the revenue derives from the Textile segment.