IGO (ASX:IGO) Days Sales Outstanding : 36.27 (As of Dec. 2023)

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What is IGO Days Sales Outstanding?

IGO's average Accounts Receivable for the six months ended in Dec. 2023 was A$81.2 Mil. IGO's Revenue for the six months ended in Dec. 2023 was A$408.6 Mil. Hence, IGO's Days Sales Outstanding for the six months ended in Dec. 2023 was 36.27.

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

ASX:IGO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.17 Med: 20.67 Max: 38.06
Current: 38.06

During the past 13 years, IGO's highest Days Sales Outstanding was 38.06. The lowest was 14.17. And the median was 20.67.

ASX:IGO's Days Sales Outstanding is ranked better than
53.61% of 789 companies
in the Metals & Mining industry
Industry Median: 41.95 vs ASX:IGO: 38.06

IGO's Days Sales Outstanding declined from Dec. 2022 (36.78) to Dec. 2023 (36.27).

IGO Days Sales Outstanding Historical Data

The historical data trend for IGO'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.

IGO Days Sales Outstanding Chart

IGO Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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17.25

14.92

36.83

37.49

29.24

IGO 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															35.04	30.55	36.78	35.48	36.27

Competitive Comparison of IGO's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, IGO'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.

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

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

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

IGO 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.

IGO'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
=	( (95.1	+	73.1)	/	2 )	/	1049.9	*	365
=	84.1					/	1049.9	*	365
=	29.24

IGO'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
=	( (73.1	+	89.3)	/	2 )	/	408.6	*	365 / 2
=	81.2					/	408.6	*	365 / 2
=	36.27

IGO (ASX:IGO) Days Sales Outstanding Explanation

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

IGO Days Sales Outstanding Related Terms

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IGO (ASX:IGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IGO Ltd (ASX:IGO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

IIDDY:USA IPGDF:USA IDZ:Germany

Address

85 South Perth Esplanade, Suite 4, Level 5, South Shore Centre, South Perth, Perth, WA, AUS, 6151

Website

https://www.igo.com.au

IGO Ltd is engaged in nickel, copper and cobalt mining and processing at the Nova Operation, upstream and downstream lithium assets via its 49% joint venture interest, and ongoing mineral exploration in Australia and overseas. The company's segments include the Nova Operation, Forrestania Operation, Cosmos Project, Lithium Business, and Growth, which comprises Regional Exploration Activities and Project Evaluation. It operates in one geographic segment Australia. The company derives the majority of its revenue from Nova Operation.

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