TORM (TRMD) Days Sales Outstanding : 48.79 (As of Dec. 2023)

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What is TORM Days Sales Outstanding?

TORM's average Accounts Receivable for the three months ended in Dec. 2023 was $207 Mil. TORM's Revenue for the three months ended in Dec. 2023 was $388 Mil. Hence, TORM's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.79.

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

TRMD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.44 Med: 41.78 Max: 108.61
Current: 54.31

During the past 13 years, TORM's highest Days Sales Outstanding was 108.61. The lowest was 38.44. And the median was 41.78.

TRMD's Days Sales Outstanding is ranked worse than
55.03% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs TRMD: 54.31

TORM's Days Sales Outstanding declined from Dec. 2022 (51.73) to Dec. 2023 (48.79).

TORM Days Sales Outstanding Historical Data

The historical data trend for TORM'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.

TORM Days Sales Outstanding Chart

TORM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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46.35

36.26

42.01

43.43

56.48

TORM 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	Get a 7-Day Free Trial															51.73	56.80	53.73	54.79	48.79

Competitive Comparison of TORM's Days Sales Outstanding

For the Oil & Gas Midstream subindustry, TORM'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.

TORM's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

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

TORM 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.

TORM'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
=	( (259.5	+	211)	/	2 )	/	1520.393	*	365
=	235.25					/	1520.393	*	365
=	56.48

TORM'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
=	( (203.7	+	211)	/	2 )	/	387.793	*	365 / 4
=	207.35					/	387.793	*	365 / 4
=	48.79

TORM (NAS:TRMD) Days Sales Outstanding Explanation

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

TORM Days Sales Outstanding Related Terms

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TORM (TRMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (NAS:TRMD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TRMDAc:UK 0RG4:UK TRMD A:Denmark 1T4:Germany 1T4:Germany

Address

20 Street Dunstan's Hill, OFFICE 105, London, GBR, EC3R 8HL

Website

https://www.torm.com

TORM PLC operates as a shipping company. The company owns and operates product tankers. It is primarily engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Exhaust segment.