GLG (ASX:GLE) Days Sales Outstanding : 73.52 (As of Dec. 2023)

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What is GLG Days Sales Outstanding?

GLG's average Accounts Receivable for the six months ended in Dec. 2023 was A$40.3 Mil. GLG's Revenue for the six months ended in Dec. 2023 was A$100.1 Mil. Hence, GLG's Days Sales Outstanding for the six months ended in Dec. 2023 was 73.52.

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

ASX:GLE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.75 Med: 100.57 Max: 169.97
Current: 86.08

During the past 13 years, GLG's highest Days Sales Outstanding was 169.97. The lowest was 42.75. And the median was 100.57.

ASX:GLE's Days Sales Outstanding is ranked worse than
76.07% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.335 vs ASX:GLE: 86.08

GLG's Days Sales Outstanding declined from Dec. 2022 (82.63) to Dec. 2023 (73.52).

GLG Days Sales Outstanding Historical Data

The historical data trend for GLG'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.

GLG Days Sales Outstanding Chart

GLG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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169.97

133.44

84.07

61.76

97.68

GLG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															65.96	78.91	82.63	103.03	73.52

Competitive Comparison of GLG's Days Sales Outstanding

For the Apparel Manufacturing subindustry, GLG'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.

GLG's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GLG's Days Sales Outstanding distribution charts can be found below:

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

GLG 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.

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

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (53.549	+	39.348)	/	2 )	/	173.569	*	365
=	46.4485					/	173.569	*	365
=	97.68

GLG'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (39.348	+	41.32)	/	2 )	/	100.117	*	365 / 2
=	40.334					/	100.117	*	365 / 2
=	73.52

GLG (ASX:GLE) Days Sales Outstanding Explanation

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

GLG Days Sales Outstanding Related Terms

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GLG (ASX:GLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GLG Corp Ltd (ASX:GLE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Harvey Road, Singapore, SGP, 369930

Website

https://www.ghimli.com

GLG Corp Ltd is engaged as a supplier of knitwear or apparel and supply chain management solutions. The operating segments of the company are fabric which is into the manufacture and wholesaling of fabric, and garments which are into manufacturing and wholesaling of garments where the garment segment contributes to a majority of revenue. The products offered by the group include ready-to-wear, casual active, sleepwear, menswear, and childrenswear.

GLG (ASX:GLE) Headlines

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