Argo Gold (XCNQ:ARQ) Days Sales Outstanding : 37.81 (As of Dec. 2023)

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What is Argo Gold Days Sales Outstanding?

Argo Gold's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.18 Mil. Argo Gold's Revenue for the three months ended in Dec. 2023 was C$0.43 Mil. Hence, Argo Gold's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.81.

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

XCNQ:ARQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.12 Med: 60.9 Max: 60.9
Current: 52.12

During the past 13 years, Argo Gold's highest Days Sales Outstanding was 60.90. The lowest was 52.12. And the median was 60.90.

XCNQ:ARQ's Days Sales Outstanding is ranked worse than
56.27% of 789 companies
in the Metals & Mining industry
Industry Median: 42.39 vs XCNQ:ARQ: 52.12

Argo Gold's Days Sales Outstanding increased from Dec. 2022 (0.00) to Dec. 2023 (37.81).

Argo Gold Days Sales Outstanding Historical Data

The historical data trend for Argo Gold'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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Argo Gold Days Sales Outstanding Chart

Argo Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.90

Argo Gold Quarterly Data
	Mar19	Jun19	Sep19	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															-	-	19.89	38.95	37.81

Competitive Comparison of Argo Gold's Days Sales Outstanding

For the Gold subindustry, Argo Gold'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.

Argo Gold's Days Sales Outstanding Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Argo Gold's Days Sales Outstanding falls into.

Argo Gold 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.

Argo Gold'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	+	0.159)	/	1 )	/	0.953	*	365
=	0.159					/	0.953	*	365
=	60.90

Argo Gold'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
=	( (0.199	+	0.159)	/	2 )	/	0.432	*	365 / 4
=	0.179					/	0.432	*	365 / 4
=	37.81

Argo Gold (XCNQ:ARQ) Days Sales Outstanding Explanation

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

Argo Gold Days Sales Outstanding Related Terms

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Argo Gold (XCNQ:ARQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argo Gold Inc (XCNQ:ARQ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ARBTF:USA P3U:Germany

Address

350 Bay Street, Suite 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.argogold.com

Argo Gold Inc is focused on gold exploration projects in central and northwestern Ontario. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Uchi Gold Project; Woco Zone in the Uchi Gold Project, and Northgate Zone Uchi Gold Project, NW Ontario Gold Projects, Talbot Lake Gold Project, Angela Lake Gold Project, Zinc Silver Cobalt Projects, Hurdman Zinc-Silver Property, and Keelow Lake Project.

Executives

Judith Catharine Baker

Director