Speedy Hire (LSE:SDY) Days Sales Outstanding : 90.29 (As of Sep. 2023)

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What is Speedy Hire Days Sales Outstanding?

Speedy Hire's average Accounts Receivable for the six months ended in Sep. 2023 was £103.2 Mil. Speedy Hire's Revenue for the six months ended in Sep. 2023 was £208.5 Mil. Hence, Speedy Hire's Days Sales Outstanding for the six months ended in Sep. 2023 was 90.29.

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

LSE:SDY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 78.16 Med: 89.42 Max: 103.69
Current: 90.57

During the past 13 years, Speedy Hire's highest Days Sales Outstanding was 103.69. The lowest was 78.16. And the median was 89.42.

LSE:SDY's Days Sales Outstanding is ranked worse than
79.46% of 1037 companies
in the Business Services industry
Industry Median: 58.33 vs LSE:SDY: 90.57

Speedy Hire's Days Sales Outstanding declined from Sep. 2022 (92.23) to Sep. 2023 (90.29).

Speedy Hire Days Sales Outstanding Historical Data

The historical data trend for Speedy Hire'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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Speedy Hire Days Sales Outstanding Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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88.82

93.63

103.69

91.25

82.01

Speedy Hire Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															93.23	91.85	92.23	86.85	90.29

Competitive Comparison of Speedy Hire's Days Sales Outstanding

For the Rental & Leasing Services subindustry, Speedy Hire'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.

Speedy Hire's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Speedy Hire's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Speedy Hire's Days Sales Outstanding falls into.

Speedy Hire 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.

Speedy Hire's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (100.1	+	97.9)	/	2 )	/	440.6	*	365
=	99					/	440.6	*	365
=	82.01

Speedy Hire's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (97.9	+	108.4)	/	2 )	/	208.5	*	365 / 2
=	103.15					/	208.5	*	365 / 2
=	90.29

Speedy Hire (LSE:SDY) Days Sales Outstanding Explanation

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

Speedy Hire Days Sales Outstanding Related Terms

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Speedy Hire (LSE:SDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SDYl:UK SDY.GB:UK 5HN:Germany

Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.