PRO-PAC Packaging (ASX:PPG) Days Sales Outstanding : 73.65 (As of Dec. 2023)

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What is PRO-PAC Packaging Days Sales Outstanding?

PRO-PAC Packaging's average Accounts Receivable for the six months ended in Dec. 2023 was A$64.1 Mil. PRO-PAC Packaging's Revenue for the six months ended in Dec. 2023 was A$158.9 Mil. Hence, PRO-PAC Packaging's Days Sales Outstanding for the six months ended in Dec. 2023 was 73.65.

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

ASX:PPG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.84 Med: 57.37 Max: 79.9
Current: 79.9

During the past 13 years, PRO-PAC Packaging's highest Days Sales Outstanding was 79.90. The lowest was 52.84. And the median was 57.37.

ASX:PPG's Days Sales Outstanding is ranked worse than
64.38% of 379 companies
in the Packaging & Containers industry
Industry Median: 68.74 vs ASX:PPG: 79.90

PRO-PAC Packaging's Days Sales Outstanding declined from Dec. 2022 (80.05) to Dec. 2023 (73.65).

PRO-PAC Packaging Days Sales Outstanding Historical Data

The historical data trend for PRO-PAC Packaging'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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PRO-PAC Packaging Days Sales Outstanding Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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61.16

56.67

52.84

64.52

78.53

PRO-PAC Packaging 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															61.56	107.19	80.05	83.12	73.65

Competitive Comparison of PRO-PAC Packaging's Days Sales Outstanding

For the Packaging & Containers subindustry, PRO-PAC Packaging'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.

PRO-PAC Packaging's Days Sales Outstanding Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Days Sales Outstanding falls into.

PRO-PAC Packaging 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.

PRO-PAC Packaging'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
=	( (82.387	+	63.523)	/	2 )	/	339.1	*	365
=	72.955					/	339.1	*	365
=	78.53

PRO-PAC Packaging'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
=	( (63.523	+	64.743)	/	2 )	/	158.908	*	365 / 2
=	64.133					/	158.908	*	365 / 2
=	73.65

PRO-PAC Packaging (ASX:PPG) Days Sales Outstanding Explanation

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

PRO-PAC Packaging Days Sales Outstanding Related Terms

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PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.