Grindrod (JSE:GND) Days Sales Outstanding : 98.32 (As of Dec. 2023)

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What is Grindrod Days Sales Outstanding?

Grindrod's average Accounts Receivable for the six months ended in Dec. 2023 was R1,280 Mil. Grindrod's Revenue for the six months ended in Dec. 2023 was R2,375 Mil. Hence, Grindrod's Days Sales Outstanding for the six months ended in Dec. 2023 was 98.32.

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

JSE:GND' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.16 Med: 67.17 Max: 191.9
Current: 88.41

During the past 13 years, Grindrod's highest Days Sales Outstanding was 191.90. The lowest was 33.16. And the median was 67.17.

JSE:GND's Days Sales Outstanding is ranked worse than
84.16% of 966 companies
in the Transportation industry
Industry Median: 45.73 vs JSE:GND: 88.41

Grindrod's Days Sales Outstanding increased from Dec. 2022 (67.94) to Dec. 2023 (98.32).

Grindrod Days Sales Outstanding Historical Data

The historical data trend for Grindrod'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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Grindrod Days Sales Outstanding Chart

Grindrod Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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68.35

63.93

74.51

51.77

65.99

Grindrod 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															125.89	101.56	67.94	100.86	98.32

Competitive Comparison of Grindrod's Days Sales Outstanding

For the Integrated Freight & Logistics subindustry, Grindrod'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.

Grindrod's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Grindrod's Days Sales Outstanding distribution charts can be found below:

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

Grindrod 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.

Grindrod'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
=	( (961.595	+	790.43)	/	2 )	/	4845.572	*	365
=	876.0125					/	4845.572	*	365
=	65.99

Grindrod'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
=	( (1768.936	+	790.43)	/	2 )	/	2375.317	*	365 / 2
=	1279.683					/	2375.317	*	365 / 2
=	98.32

Grindrod (JSE:GND) Days Sales Outstanding Explanation

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

Grindrod Days Sales Outstanding Related Terms

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Grindrod (JSE:GND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Ltd (JSE:GND) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

GNDP.PFD:South Africa

Address

106 Margaret Mncadi Avenue, Grindrod Mews, Durban, NL, ZAF, 4001

Website

https://www.grindrod.com

Grindrod Ltd is a logistics and financial services company with significant investments in marine fuel trading, private equity, and the property sector. The company organizes itself into three segments: logistics, ports and terminals, and bank. The logistics segment, which generates the majority of revenue, is involved in providing complete freight services, storage of containers, and clearing. The Ports and Terminals segment provides bulk handling of commodities. The bank segment provides loan finance and retail services through Grindrod Bank. The company is based in South Africa and operates in the following regions, in order of revenue share: Singapore/Asia/Australia, Middle East, South Africa, the United Kingdom/Europe, North America/Bermuda, and the rest of Africa.

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