Avance Gas Holding (CHIX:AGASO) Days Sales Outstanding

: 11.44 (As of Dec. 2023)

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Avance Gas Holding's average Accounts Receivable for the three months ended in Dec. 2023 was kr147 Mil. Avance Gas Holding's Revenue for the three months ended in Dec. 2023 was kr1,173 Mil. Hence, Avance Gas Holding's Days Sales Outstanding for the three months ended in Dec. 2023 was 11.44.

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

CHIX:AGASo' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.23 Med: 25.15 Max: 59.57
Current: 14.75

During the past 11 years, Avance Gas Holding's highest Days Sales Outstanding was 59.57. The lowest was 2.23. And the median was 25.15.

CHIX:AGASo's Days Sales Outstanding is ranked better than
89.5% of 933 companies
in the Oil & Gas industry
Industry Median: 48.88 vs CHIX:AGASo: 14.75

Avance Gas Holding's Days Sales Outstanding increased from Dec. 2022 (10.17) to Dec. 2023 (11.44).

Avance Gas Holding Days Sales Outstanding Historical Data

The historical data trend for Avance Gas Holding'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.

Avance Gas Holding Annual Data

Trend

Nov13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

23.77

30.37

26.53

13.49

2.23

Avance Gas Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding																10.17	9.26	22.23	30.30	11.44

Competitive Comparison

For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.

Avance Gas Holding Days Sales Outstanding Distribution

For the Oil & Gas industry and Energy sector, Avance Gas Holding's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Avance Gas Holding's Days Sales Outstanding falls into.

Avance Gas Holding 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.

Avance Gas Holding's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (18.535	+	26.848)	/	2 )	/	3716.659	*	365
=	22.6915					/	3716.659	*	365
=	2.23

Avance Gas Holding'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (267.377	+	26.848)	/	2 )	/	1173.294	*	365 / 4
=	147.1125					/	1173.294	*	365 / 4
=	11.44

Avance Gas Holding (CHIX:AGASo) Days Sales Outstanding Explanation

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

Avance Gas Holding Days Sales Outstanding Related Terms

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Avance Gas Holding (CHIX:AGASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (CHIX:AGASo) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

AVACF:USA AVANCEo:Sweden AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

Avance Gas Holding (CHIX:AGASO) Headlines

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