Gem Diamonds (LSE:GEMD) Days Sales Outstanding : 0.07 (As of Dec. 2023)

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What is Gem Diamonds Days Sales Outstanding?

Gem Diamonds's average Accounts Receivable for the six months ended in Dec. 2023 was £0.0 Mil. Gem Diamonds's Revenue for the six months ended in Dec. 2023 was £54.1 Mil. Hence, Gem Diamonds's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.07.

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

LSE:GEMD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 1.21
Current: 0.06

During the past 13 years, Gem Diamonds's highest Days Sales Outstanding was 1.21. The lowest was 0.04. And the median was 0.16.

LSE:GEMD's Days Sales Outstanding is ranked better than
99.24% of 787 companies
in the Metals & Mining industry
Industry Median: 42.58 vs LSE:GEMD: 0.06

Gem Diamonds's Days Sales Outstanding increased from Dec. 2022 (0.05) to Dec. 2023 (0.07).

Gem Diamonds Days Sales Outstanding Historical Data

The historical data trend for Gem Diamonds'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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Gem Diamonds Days Sales Outstanding Chart

Gem Diamonds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.28

0.11

0.04

0.06

Gem Diamonds 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															0.04	0.04	0.05	0.06	0.07

Competitive Comparison of Gem Diamonds's Days Sales Outstanding

For the Other Precious Metals & Mining subindustry, Gem Diamonds'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.

Gem Diamonds's Days Sales Outstanding Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Gem Diamonds's Days Sales Outstanding falls into.

Gem Diamonds 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.

Gem Diamonds'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
=	( (0.019	+	0.018)	/	2 )	/	110.827	*	365
=	0.0185					/	110.827	*	365
=	0.06

Gem Diamonds'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
=	( (0.021	+	0.018)	/	2 )	/	54.134	*	365 / 2
=	0.0195					/	54.134	*	365 / 2
=	0.07

Gem Diamonds (LSE:GEMD) Days Sales Outstanding Explanation

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

Gem Diamonds Days Sales Outstanding Related Terms

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Gem Diamonds (LSE:GEMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gem Diamonds Ltd (LSE:GEMD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GMDMF:USA GEMDl:UK ZVW:Germany

Address

2 Eaton Gate, London, GBR, SW1W 9BJ

Website

https://www.gemdiamonds.com

Gem Diamonds Ltd is a United Kingdom-based company engaged in the exploration and development of diamond mines. The company's geographical segments include Lesotho (diamond mining activities); Belgium (sales, marketing, and manufacturing of diamonds); and BVI, RSA, the UK, and Cyprus (technical and administrative services). It generates maximum revenue from the Belgium region. Its projects include Letseng Diamond mine and Ghaghoo Diamond mine. The company's revenue is derived from mining activities, polished manufacturing margins, and diamond analysis and manufacturing services.

Gem Diamonds (LSE:GEMD) Headlines

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