African Rainbow Minerals (JSE:ARI) Days Sales Outstanding : 67.29 (As of Dec. 2023)

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What is African Rainbow Minerals Days Sales Outstanding?

African Rainbow Minerals's average Accounts Receivable for the six months ended in Dec. 2023 was R2,144 Mil. African Rainbow Minerals's Revenue for the six months ended in Dec. 2023 was R5,815 Mil. Hence, African Rainbow Minerals's Days Sales Outstanding for the six months ended in Dec. 2023 was 67.29.

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

JSE:ARI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.69 Med: 8.79 Max: 102.9
Current: 102.9

During the past 13 years, African Rainbow Minerals's highest Days Sales Outstanding was 102.90. The lowest was 1.69. And the median was 8.79.

JSE:ARI's Days Sales Outstanding is ranked worse than
75.06% of 786 companies
in the Metals & Mining industry
Industry Median: 42.45 vs JSE:ARI: 102.90

African Rainbow Minerals's Days Sales Outstanding increased from Dec. 2022 (59.71) to Dec. 2023 (67.29).

African Rainbow Minerals Days Sales Outstanding Historical Data

The historical data trend for African Rainbow Minerals'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.

African Rainbow Minerals Days Sales Outstanding Chart

African Rainbow Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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65.67

53.50

7.02

4.89

1.69

African Rainbow Minerals 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															77.94	53.32	59.71	87.64	67.29

Competitive Comparison of African Rainbow Minerals's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals'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.

African Rainbow Minerals's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, African Rainbow Minerals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where African Rainbow Minerals's Days Sales Outstanding falls into.

African Rainbow Minerals 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.

African Rainbow Minerals'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
=	( (87	+	49)	/	2 )	/	14662	*	365
=	68					/	14662	*	365
=	1.69

African Rainbow Minerals'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
=	( (49	+	4239)	/	2 )	/	5815	*	365 / 2
=	2144					/	5815	*	365 / 2
=	67.29

African Rainbow Minerals (JSE:ARI) Days Sales Outstanding Explanation

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

African Rainbow Minerals Days Sales Outstanding Related Terms

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African Rainbow Minerals (JSE:ARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (JSE:ARI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

AFBOF:USA EB9:Germany

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.