Afrimat (JSE:AFT) Days Sales Outstanding : 42.70 (As of Aug. 2023)

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What is Afrimat Days Sales Outstanding?

Afrimat's average Accounts Receivable for the six months ended in Aug. 2023 was R665 Mil. Afrimat's Revenue for the six months ended in Aug. 2023 was R2,844 Mil. Hence, Afrimat's Days Sales Outstanding for the six months ended in Aug. 2023 was 42.70.

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

JSE:AFT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.89 Med: 46.26 Max: 52.09
Current: 42.89

During the past 13 years, Afrimat's highest Days Sales Outstanding was 52.09. The lowest was 42.89. And the median was 46.26.

JSE:AFT's Days Sales Outstanding is ranked better than
64.74% of 380 companies
in the Building Materials industry
Industry Median: 55.495 vs JSE:AFT: 42.89

Afrimat's Days Sales Outstanding increased from Aug. 2022 (41.48) to Aug. 2023 (42.70).

Afrimat Days Sales Outstanding Historical Data

The historical data trend for Afrimat'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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Afrimat Days Sales Outstanding Chart

Afrimat Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Sales Outstanding

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43.30

43.97

51.92

52.09

48.99

Afrimat Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Sales Outstanding	Get a 7-Day Free Trial															41.41	46.41	41.48	43.86	42.70

Competitive Comparison of Afrimat's Days Sales Outstanding

For the Building Materials subindustry, Afrimat'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.

Afrimat's Days Sales Outstanding Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Afrimat's Days Sales Outstanding distribution charts can be found below:

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

Afrimat 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.

Afrimat's Days Sales Outstanding for the fiscal year that ended in Feb. 2023 is calculated as

	Days Sales Outstanding (A: Feb. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )	/	Revenue (A: Feb. 2023 )	*	Days in Period
=	( (692.716	+	624.771)	/	2 )	/	4908.238	*	365
=	658.7435					/	4908.238	*	365
=	48.99

Afrimat's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (624.771	+	705.87)	/	2 )	/	2843.674	*	365 / 2
=	665.3205					/	2843.674	*	365 / 2
=	42.70

Afrimat (JSE:AFT) Days Sales Outstanding Explanation

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

Afrimat Days Sales Outstanding Related Terms

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Afrimat (JSE:AFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afrimat Ltd (JSE:AFT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530

Website

https://www.afrimat.co.za

Afrimat Ltd is a South Africa-based company. It operates in three segments: Construction Materials, which comprises aggregates, concrete-based products, and contracting operations; Industrial Minerals segment consists mainly of the sale of limestone, dolomite, and industrial sand; Bulk Commodities segment includes iron ore and anthracite; and Services segment consists of Group shared services including IT services, consulting services, etc. It operates in a single geographical segment, which is the African region.