Abacus Group (ASX:ABG) Days Sales Outstanding

: 102.65 (As of Dec. 2023)

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Abacus Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$40.35 Mil. Abacus Group's Revenue for the six months ended in Dec. 2023 was A$71.73 Mil. Hence, Abacus Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 102.65.

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

ASX:ABG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.14 Med: 32.82 Max: 290.15
Current: 290.15

During the past 13 years, Abacus Group's highest Days Sales Outstanding was 290.15. The lowest was 3.14. And the median was 32.82.

ASX:ABG's Days Sales Outstanding is ranked worse than
95.97% of 621 companies
in the REITs industry
Industry Median: 22.29 vs ASX:ABG: 290.15

Abacus Group's Days Sales Outstanding increased from Dec. 2022 (50.97) to Dec. 2023 (102.65).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Abacus Group Days Sales Outstanding Historical Data

The historical data trend for Abacus Group'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.

Abacus Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

37.79

55.45

55.01

45.64

111.81

Abacus Group 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																56.25	49.38	50.97	-	102.65

Competitive Comparison

For the REIT - Diversified subindustry, Abacus Group'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.

Abacus Group Days Sales Outstanding Distribution

For the REITs industry and Real Estate sector, Abacus Group's Days Sales Outstanding distribution charts can be found below:

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

Abacus Group 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.

Abacus Group'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
=	( (43.472	+	46.637)	/	2 )	/	147.075	*	365
=	45.0545					/	147.075	*	365
=	111.81

Abacus Group'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
=	( (46.637	+	34.056)	/	2 )	/	71.73	*	365 / 2
=	40.3465					/	71.73	*	365 / 2
=	102.65

Abacus Group (ASX:ABG) Days Sales Outstanding Explanation

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

Abacus Group Days Sales Outstanding Related Terms

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Abacus Group (ASX:ABG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Group (ASX:ABG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

EZO1:Germany

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusproperty.com.au

Abacus Group is primarily focused on storage and office property, with minor interests in other subsectors such as retail property. Its storage business remains an active acquirer and developer of property. Management separated the storage business in mid-2023. We don't view the separation as creating value in itself, however, we view it as a potential catalyst that could prompt the market to recognize latent value in Abacus' assets. However, it will likely take time for the market to get familiar with the two Abacus vehicles and its new structure.