Afrocentric Investment (JSE:ACT) Days Sales Outstanding : 28.34 (As of Dec. 2023)

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What is Afrocentric Investment Days Sales Outstanding?

Afrocentric Investment's average Accounts Receivable for the six months ended in Dec. 2023 was R681 Mil. Afrocentric Investment's Revenue for the six months ended in Dec. 2023 was R4,384 Mil. Hence, Afrocentric Investment's Days Sales Outstanding for the six months ended in Dec. 2023 was 28.34.

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

JSE:ACT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.1 Med: 21.03 Max: 31.93
Current: 31.93

During the past 13 years, Afrocentric Investment's highest Days Sales Outstanding was 31.93. The lowest was 18.10. And the median was 21.03.

JSE:ACT's Days Sales Outstanding is ranked better than
67.24% of 641 companies
in the Healthcare Providers & Services industry
Industry Median: 46.87 vs JSE:ACT: 31.93

Afrocentric Investment's Days Sales Outstanding declined from Dec. 2022 (32.72) to Dec. 2023 (28.34).

Afrocentric Investment Days Sales Outstanding Historical Data

The historical data trend for Afrocentric Investment'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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Afrocentric Investment Days Sales Outstanding Chart

Afrocentric Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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21.49

22.10

18.10

20.05

23.74

Afrocentric Investment Semi-Annual Data
	Jun14	Dec14	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															19.07	22.13	32.72	31.46	28.34

Competitive Comparison of Afrocentric Investment's Days Sales Outstanding

For the Medical Care Facilities subindustry, Afrocentric Investment'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.

Afrocentric Investment's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's Days Sales Outstanding distribution charts can be found below:

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

Afrocentric Investment 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.

Afrocentric Investment's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (567.839	+	585.721)	/	2 )	/	8868.032	*	365
=	576.78					/	8868.032	*	365
=	23.74

Afrocentric Investment'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
=	( (585.721	+	776.005)	/	2 )	/	4384.386	*	365 / 2
=	680.863					/	4384.386	*	365 / 2
=	28.34

Afrocentric Investment (JSE:ACT) Days Sales Outstanding Explanation

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

Afrocentric Investment Days Sales Outstanding Related Terms

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Afrocentric Investment (JSE:ACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

http://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.