Array Technologies (STU:9AY) Days Sales Outstanding : 166.64 (As of Mar. 2024)

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What is Array Technologies Days Sales Outstanding?

Array Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was €258 Mil. Array Technologies's Revenue for the three months ended in Mar. 2024 was €141 Mil. Hence, Array Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 166.64.

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

STU:9AY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.63 Med: 68.98 Max: 97.15
Current: 97.15

During the past 6 years, Array Technologies's highest Days Sales Outstanding was 97.15. The lowest was 41.63. And the median was 68.98.

STU:9AY's Days Sales Outstanding is ranked worse than
79.02% of 982 companies
in the Semiconductors industry
Industry Median: 62.545 vs STU:9AY: 97.15

Array Technologies's Days Sales Outstanding increased from Mar. 2023 (101.77) to Mar. 2024 (166.64).

Array Technologies Days Sales Outstanding Historical Data

The historical data trend for Array Technologies'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.

* Premium members only.

Array Technologies Days Sales Outstanding Chart

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.30

46.86

74.05

71.60

88.64

Array Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															101.77	82.85	120.11	102.72	166.64

Competitive Comparison of Array Technologies's Days Sales Outstanding

For the Solar subindustry, Array Technologies'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.

Array Technologies's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Array Technologies's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Array Technologies's Days Sales Outstanding falls into.

Array Technologies 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.

Array Technologies'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
=	( (397.597	+	304.583)	/	2 )	/	1445.697	*	365
=	351.09					/	1445.697	*	365
=	88.64

Array Technologies'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
=	( (304.583	+	210.886)	/	2 )	/	141.131	*	365 / 4
=	257.7345					/	141.131	*	365 / 4
=	166.64

Array Technologies (STU:9AY) Days Sales Outstanding Explanation

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

Array Technologies Days Sales Outstanding Related Terms

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Array Technologies (STU:9AY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (STU:9AY) » Definitions » Days Sales Outstanding

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ARRY:USA

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

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