AB Ignitis Grupe (LSE:IGN) Days Sales Outstanding : 31.80 (As of Dec. 2023)

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What is AB Ignitis Grupe Days Sales Outstanding?

AB Ignitis Grupe's average Accounts Receivable for the three months ended in Dec. 2023 was €246 Mil. AB Ignitis Grupe's Revenue for the three months ended in Dec. 2023 was €705 Mil. Hence, AB Ignitis Grupe's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.80.

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

LSE:IGN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.13 Med: 39.21 Max: 49.55
Current: 40.97

During the past 7 years, AB Ignitis Grupe's highest Days Sales Outstanding was 49.55. The lowest was 29.13. And the median was 39.21.

LSE:IGN's Days Sales Outstanding is ranked better than
65.08% of 504 companies
in the Utilities - Regulated industry
Industry Median: 53.495 vs LSE:IGN: 40.97

AB Ignitis Grupe's Days Sales Outstanding increased from Dec. 2022 (30.76) to Dec. 2023 (31.80).

AB Ignitis Grupe Days Sales Outstanding Historical Data

The historical data trend for AB Ignitis Grupe'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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AB Ignitis Grupe Days Sales Outstanding Chart

AB Ignitis Grupe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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44.08

36.98

39.21

29.13

49.55

AB Ignitis Grupe Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															30.76	35.94	52.94	41.82	31.80

Competitive Comparison of AB Ignitis Grupe's Days Sales Outstanding

For the Utilities - Diversified subindustry, AB Ignitis Grupe'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.

AB Ignitis Grupe's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AB Ignitis Grupe's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where AB Ignitis Grupe's Days Sales Outstanding falls into.

AB Ignitis Grupe 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.

AB Ignitis Grupe'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
=	( (424.4	+	265.9)	/	2 )	/	2542.4	*	365
=	345.15					/	2542.4	*	365
=	49.55

AB Ignitis Grupe'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (225.5	+	265.9)	/	2 )	/	705.1	*	365 / 4
=	245.7					/	705.1	*	365 / 4
=	31.80

AB Ignitis Grupe (LSE:IGN) Days Sales Outstanding Explanation

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

AB Ignitis Grupe Days Sales Outstanding Related Terms

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AB Ignitis Grupe (LSE:IGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AB Ignitis Grupe (LSE:IGN) » Definitions » Days Sales Outstanding

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IGN1L:Lithuania IGV0:Germany

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

AB Ignitis Grupe is a utility and renewable energy company in the Baltic region. The group's core business is focused on operating electricity and gas distribution networks. It operates in four segments: Customers & Solutions, which is into electricity and gas supply, trading and balancing, energy efficiency projects, construction of solar power plants for businesses and residents, installation and operation of electric vehicle charging stations, and energy solutions; Networks segment, which is engaged in the operation, maintenance, management and development of electricity and gas distribution networks; Green Generation segment; and Flexible Generation segment. The vast majority of the revenue comes from the Customers & Solutions and Network segments.