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Smith-Midland (Smith-Midland) Days Sales Outstanding : 102.88 (As of Sep. 2023)


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What is Smith-Midland Days Sales Outstanding?

Smith-Midland's average Accounts Receivable for the three months ended in Sep. 2023 was $17.65 Mil. Smith-Midland's Revenue for the three months ended in Sep. 2023 was $15.65 Mil. Hence, Smith-Midland's Days Sales Outstanding for the three months ended in Sep. 2023 was 102.88.

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

SMID' s Days Sales Outstanding Range Over the Past 10 Years
Min: 65.85   Med: 88.39   Max: 109.3
Current: 109.3

During the past 13 years, Smith-Midland's highest Days Sales Outstanding was 109.30. The lowest was 65.85. And the median was 88.39.

SMID's Days Sales Outstanding is ranked worse than
83.16% of 380 companies
in the Building Materials industry
Industry Median: 55.53 vs SMID: 109.30

Smith-Midland's Days Sales Outstanding increased from Sep. 2022 (101.82) to Sep. 2023 (102.88).


Smith-Midland Days Sales Outstanding Historical Data

The historical data trend for Smith-Midland'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.

Smith-Midland Days Sales Outstanding Chart

Smith-Midland Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.51 104.08 98.08 75.65 100.71

Smith-Midland Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.82 96.58 133.63 116.74 102.88

Competitive Comparison of Smith-Midland's Days Sales Outstanding

For the Building Materials subindustry, Smith-Midland'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.


Smith-Midland's Days Sales Outstanding Distribution in the Building Materials Industry

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

* The bar in red indicates where Smith-Midland's Days Sales Outstanding falls into.



Smith-Midland 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.

Smith-Midland's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

Days Sales Outstanding (A: Dec. 2022 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count ) / Revenue (A: Dec. 2022 )*Days in Period
=( (10.452 + 17.213) / 2 ) / 50.131*365
=13.8325 / 50.131*365
=100.71

Smith-Midland's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding (Q: Sep. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Sep. 2023 )) / count ) / Revenue (A: Sep. 2023 )*Days in Period
=( (17.207 + 18.086) / 2 ) / 15.651*365 / 4
=17.6465 / 15.651*365 / 4
=102.88

* 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.


Smith-Midland  (NAS:SMID) Days Sales Outstanding Explanation

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


Smith-Midland Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Smith-Midland's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.


Smith-Midland (Smith-Midland) Business Description

Traded in Other Exchanges
N/A
Address
5119 Catlett Road, P.O. Box 300, Midland, VA, USA, 22728
Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets sells and installs precast concrete products for primary use in the construction, highway, utilities and farming industries. The firm's customers are general contractors and federal, state and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra wall and Easi set. A substantial portion of the company's business is derived from local, state and federal building projects. The company generates revenues primarily from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility and farming industries.
Executives
Wesley A Taylor director, officer: Vice President C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Stephanie Poe officer: Chief Financial Officer 5119 CATLETT ROAD, MIDLAND VA 22728
Ashley B Smith director, officer: Vice President C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Rodney I Smith director, officer: Chief Executive Officer C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Adam Jay Krick officer: Chief Financial Officer 5119 CATLETT ROAD, MIDLAND VA 22728
James Russell Bruner director 5119 CATLETT ROAD, MIDLAND VA 22728
Richard Gerhardt director 5229 CATLETT ROAD, MIDLAND VA 20728
Russell Frederick L. Jr. 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners, Llc 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners Ii, Llc 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Ii, Lp 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Tall Cotton Partners, Llc 10 percent owner 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Gerhard E Borst director 5119 CATLETT ROAD, MIDLAND VA 22728
David W Wright 10 percent owner
Canine Partners Llc 10 percent owner 255 SO 17TH ST, SUITE 2501, PHILADELPHIA PA 19103