Rana Gruber ASA (OSL:RANA) Days Sales Outstanding : 39.45 (As of Mar. 2024)

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What is Rana Gruber ASA Days Sales Outstanding?

Rana Gruber ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr123 Mil. Rana Gruber ASA's Revenue for the three months ended in Mar. 2024 was kr285 Mil. Hence, Rana Gruber ASA's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.45.

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

OSL:RANA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.1 Med: 54.23 Max: 62.43
Current: 28.1

During the past 7 years, Rana Gruber ASA's highest Days Sales Outstanding was 62.43. The lowest was 28.10. And the median was 54.23.

OSL:RANA's Days Sales Outstanding is ranked better than
73.91% of 594 companies
in the Steel industry
Industry Median: 49.315 vs OSL:RANA: 28.10

Rana Gruber ASA's Days Sales Outstanding increased from Mar. 2023 (34.60) to Mar. 2024 (39.45).

Rana Gruber ASA Days Sales Outstanding Historical Data

The historical data trend for Rana Gruber ASA'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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Rana Gruber ASA Days Sales Outstanding Chart

Rana Gruber ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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58.28

57.16

39.49

31.00

37.41

Rana Gruber ASA Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															34.60	32.77	21.56	28.27	39.45

Competitive Comparison of Rana Gruber ASA's Days Sales Outstanding

For the Steel subindustry, Rana Gruber ASA'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.

Rana Gruber ASA's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rana Gruber ASA's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Rana Gruber ASA's Days Sales Outstanding falls into.

Rana Gruber ASA 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.

Rana Gruber ASA'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
=	( (178.67	+	217.397)	/	2 )	/	1932.04	*	365
=	198.0335					/	1932.04	*	365
=	37.41

Rana Gruber ASA'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
=	( (217.397	+	29.084)	/	2 )	/	285.085	*	365 / 4
=	123.2405					/	285.085	*	365 / 4
=	39.45

Rana Gruber ASA (OSL:RANA) Days Sales Outstanding Explanation

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

Rana Gruber ASA Days Sales Outstanding Related Terms

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Rana Gruber ASA (OSL:RANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rana Gruber ASA (OSL:RANA) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

RANAo:Sweden 7XH:Germany

Address

Mjolanveien 29, Mo i Rana, NOR, 8622

Website

https://www.ranagruber.no

Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.

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