Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Days Sales Outstanding : 11.59 (As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Days Sales Outstanding?

Ali Alghanim Sons Automotive Co KSC's average Accounts Receivable for the three months ended in Mar. 2024 was KWD8.2 Mil. Ali Alghanim Sons Automotive Co KSC's Revenue for the three months ended in Mar. 2024 was KWD64.2 Mil. Hence, Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.59.

The historical rank and industry rank for Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding or its related term are showing as below:

KUW:ALG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.84 Med: 10.77 Max: 12.13
Current: 12.13

During the past 3 years, Ali Alghanim Sons Automotive Co KSC's highest Days Sales Outstanding was 12.13. The lowest was 7.84. And the median was 10.77.

KUW:ALG's Days Sales Outstanding is ranked better than
92.27% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 60.13 vs KUW:ALG: 12.13

Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding increased from Mar. 2023 (10.14) to Mar. 2024 (11.59).

Ali Alghanim Sons Automotive Co KSC Days Sales Outstanding Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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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Ali Alghanim Sons Automotive Co KSC Days Sales Outstanding Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

12.07

10.77

7.84

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial							10.14	12.98	12.61	10.32	11.59

Competitive Comparison of Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding

For the Auto & Truck Dealerships subindustry, Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ali Alghanim Sons Automotive Co KSC's Days Sales Outstanding falls into.

Ali Alghanim Sons Automotive Co KSC 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.

Ali Alghanim Sons Automotive Co KSC'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
=	( (5.514	+	5.769)	/	2 )	/	262.785	*	365
=	5.6415					/	262.785	*	365
=	7.84

Ali Alghanim Sons Automotive Co KSC'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
=	( (5.769	+	10.548)	/	2 )	/	64.227	*	365 / 4
=	8.1585					/	64.227	*	365 / 4
=	11.59

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Days Sales Outstanding Explanation

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

Ali Alghanim Sons Automotive Co KSC Days Sales Outstanding Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.