Workforce Holdings (JSE:WKF) Days Sales Outstanding

: 65.42 (As of Dec. 2023)

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Workforce Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was R847 Mil. Workforce Holdings's Revenue for the six months ended in Dec. 2023 was R2,362 Mil. Hence, Workforce Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 65.42.

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

JSE:WKF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.2 Med: 68.83 Max: 89.65
Current: 68.21

During the past 13 years, Workforce Holdings's highest Days Sales Outstanding was 89.65. The lowest was 57.20. And the median was 68.83.

JSE:WKF's Days Sales Outstanding is ranked worse than
61.77% of 1041 companies
in the Business Services industry
Industry Median: 58.28 vs JSE:WKF: 68.21

Workforce Holdings's Days Sales Outstanding declined from Dec. 2022 (70.34) to Dec. 2023 (65.42).

Workforce Holdings Days Sales Outstanding Historical Data

The historical data trend for Workforce Holdings'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.

Workforce Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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69.82

66.79

57.20

61.21

62.71

Workforce Holdings 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															70.23	72.61	70.34	77.06	65.42

Competitive Comparison

For the Staffing & Employment Services subindustry, Workforce Holdings'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.

Workforce Holdings Days Sales Outstanding Distribution

For the Business Services industry and Industrials sector, Workforce Holdings's Days Sales Outstanding distribution charts can be found below:

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

Workforce Holdings 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.

Workforce Holdings'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
=	( (831.823	+	716.104)	/	2 )	/	4504.615	*	365
=	773.9635					/	4504.615	*	365
=	62.71

Workforce Holdings'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
=	( (977.454	+	716.104)	/	2 )	/	2362.059	*	365 / 2
=	846.779					/	2362.059	*	365 / 2
=	65.42

Workforce Holdings (JSE:WKF) Days Sales Outstanding Explanation

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

Workforce Holdings Days Sales Outstanding Related Terms

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Workforce Holdings (JSE:WKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Workforce Holdings Ltd (JSE:WKF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Wellington Road, Parktown, Johannesburg, ZAF, 2193

Website

https://www.workforce.co.za

Workforce Holdings Ltd is an investment holding company. It has structured its operations into the following business segments: the Staffing and outsourcing segment comprises the provision of staff and labor outsourcing solutions; the Training and education segment provides industry and job-specific skills assessments; the Healthcare segment comprises recruitment and placement of medical professionals for hospitals and other healthcare-related business; Financial services segment comprises death and disability cover, funeral cover, hospital cover, day-to-day medical insurance, and financial and mobile products and services. The majority of its revenue comes from the Staffing and outsourcing segment.

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