Ardmore Shipping (Ardmore Shipping) Days Sales Outstanding : 49.38 (As of Dec. 2023)

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What is Ardmore Shipping Days Sales Outstanding?

Ardmore Shipping's average Accounts Receivable for the three months ended in Dec. 2023 was $53.5 Mil. Ardmore Shipping's Revenue for the three months ended in Dec. 2023 was $98.9 Mil. Hence, Ardmore Shipping's Days Sales Outstanding for the three months ended in Dec. 2023 was 49.38.

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

ASC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.53 Med: 43.33 Max: 62.72
Current: 58.78

During the past 13 years, Ardmore Shipping's highest Days Sales Outstanding was 62.72. The lowest was 15.53. And the median was 43.33.

ASC's Days Sales Outstanding is ranked worse than
64.18% of 966 companies
in the Transportation industry
Industry Median: 45.73 vs ASC: 58.78

Ardmore Shipping's Days Sales Outstanding declined from Dec. 2022 (49.91) to Dec. 2023 (49.38).

Ardmore Shipping Days Sales Outstanding Historical Data

The historical data trend for Ardmore Shipping'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.

Ardmore Shipping Days Sales Outstanding Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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45.65

39.72

36.14

41.00

62.72

Ardmore Shipping 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															49.91	57.41	65.51	59.75	49.38

Competitive Comparison of Ardmore Shipping's Days Sales Outstanding

For the Marine Shipping subindustry, Ardmore Shipping'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.

Ardmore Shipping's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ardmore Shipping's Days Sales Outstanding falls into.

Ardmore Shipping 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.

Ardmore Shipping'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
=	( (79.843	+	56.234)	/	2 )	/	395.978	*	365
=	68.0385					/	395.978	*	365
=	62.72

Ardmore Shipping'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
=	( (50.793	+	56.234)	/	2 )	/	98.879	*	365 / 4
=	53.5135					/	98.879	*	365 / 4
=	49.38

Ardmore Shipping (NYSE:ASC) Days Sales Outstanding Explanation

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

Ardmore Shipping Days Sales Outstanding Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.