Asante Gold (XCNQ:ASE) Days Sales Outstanding : 1.86 (As of Jan. 2024)

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What is Asante Gold Days Sales Outstanding?

Asante Gold's average Accounts Receivable for the three months ended in Jan. 2024 was C$3.6 Mil. Asante Gold's Revenue for the three months ended in Jan. 2024 was C$176.5 Mil. Hence, Asante Gold's Days Sales Outstanding for the three months ended in Jan. 2024 was 1.86.

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

XCNQ:ASE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.35 Med: 1.97 Max: 2.58
Current: 1.36

During the past 13 years, Asante Gold's highest Days Sales Outstanding was 2.58. The lowest was 1.35. And the median was 1.97.

XCNQ:ASE's Days Sales Outstanding is ranked better than
96.84% of 791 companies
in the Metals & Mining industry
Industry Median: 42.39 vs XCNQ:ASE: 1.36

Asante Gold's Days Sales Outstanding declined from Jan. 2023 (5.80) to Jan. 2024 (1.86).

Asante Gold Days Sales Outstanding Historical Data

The historical data trend for Asante Gold'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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Asante Gold Days Sales Outstanding Chart

Asante Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Sales Outstanding

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1.35

2.58

Asante Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															5.80	0.80	0.52	0.76	1.86

Competitive Comparison of Asante Gold's Days Sales Outstanding

For the Gold subindustry, Asante Gold'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.

Asante Gold's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Asante Gold's Days Sales Outstanding distribution charts can be found below:

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

Asante Gold 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.

Asante Gold's Days Sales Outstanding for the fiscal year that ended in Jan. 2024 is calculated as

	Days Sales Outstanding (A: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (1.933	+	6.208)	/	2 )	/	575.183	*	365
=	4.0705					/	575.183	*	365
=	2.58

Asante Gold's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (0.995	+	6.208)	/	2 )	/	176.547	*	365 / 4
=	3.6015					/	176.547	*	365 / 4
=	1.86

Asante Gold (XCNQ:ASE) Days Sales Outstanding Explanation

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

Asante Gold Days Sales Outstanding Related Terms

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Asante Gold (XCNQ:ASE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (XCNQ:ASE) » Definitions » Days Sales Outstanding

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ASGOF:USA 1A9:Germany

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Executives

Eben Swanepoel

Senior Officer

Asante Gold (XCNQ:ASE) Headlines

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