Ashtead Group (Ashtead Group) Days Sales Outstanding : 68.92 (As of Jan. 2024)

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What is Ashtead Group Days Sales Outstanding?

Ashtead Group's average Accounts Receivable for the three months ended in Jan. 2024 was $2,007 Mil. Ashtead Group's Revenue for the three months ended in Jan. 2024 was $2,658 Mil. Hence, Ashtead Group's Days Sales Outstanding for the three months ended in Jan. 2024 was 68.92.

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

ASHTF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.54 Med: 51.1 Max: 62.18
Current: 62.18

During the past 13 years, Ashtead Group's highest Days Sales Outstanding was 62.18. The lowest was 45.54. And the median was 51.10.

ASHTF's Days Sales Outstanding is ranked worse than
54.9% of 1040 companies
in the Business Services industry
Industry Median: 58.575 vs ASHTF: 62.18

Ashtead Group's Days Sales Outstanding increased from Jan. 2023 (67.05) to Jan. 2024 (68.92).

Ashtead Group Days Sales Outstanding Historical Data

The historical data trend for Ashtead Group'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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Ashtead Group Days Sales Outstanding Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Sales Outstanding

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52.48

56.30

54.00

48.18

48.31

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															67.05	58.52	55.67	62.03	68.92

Competitive Comparison of Ashtead Group's Days Sales Outstanding

For the Rental & Leasing Services subindustry, Ashtead Group'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.

Ashtead Group's Days Sales Outstanding Distribution in the Business Services Industry

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

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

Ashtead Group 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.

Ashtead Group's Days Sales Outstanding for the fiscal year that ended in Apr. 2023 is calculated as

	Days Sales Outstanding (A: Apr. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )	/	Revenue (A: Apr. 2023 )	*	Days in Period
=	( (1174	+	1384.8)	/	2 )	/	9667.3	*	365
=	1279.4					/	9667.3	*	365
=	48.31

Ashtead Group's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (2007.4	+	2007.2)	/	2 )	/	2657.8	*	365 / 4
=	2007.3					/	2657.8	*	365 / 4
=	68.92

Ashtead Group (OTCPK:ASHTF) Days Sales Outstanding Explanation

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

Ashtead Group Days Sales Outstanding Related Terms

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Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.