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Fortescue (Fortescue) Days Sales Outstanding : 11.45 (As of Dec. 2023)


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What is Fortescue Days Sales Outstanding?

Fortescue's average Accounts Receivable for the six months ended in Dec. 2023 was $597 Mil. Fortescue's Revenue for the six months ended in Dec. 2023 was $9,512 Mil. Hence, Fortescue's Days Sales Outstanding for the six months ended in Dec. 2023 was 11.45.

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

FSUGY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.41   Med: 10.16   Max: 19.3
Current: 11.95

During the past 13 years, Fortescue's highest Days Sales Outstanding was 19.30. The lowest was 5.41. And the median was 10.16.

FSUGY's Days Sales Outstanding is ranked better than
79.62% of 790 companies
in the Metals & Mining industry
Industry Median: 42.04 vs FSUGY: 11.95

Fortescue's Days Sales Outstanding declined from Dec. 2022 (11.46) to Dec. 2023 (11.45).

Fortescue Days Sales Outstanding Historical Data

The historical data trend for Fortescue'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.

Fortescue Days Sales Outstanding Chart

Fortescue Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.79 19.38 8.56 9.80 7.54

Fortescue 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.89 8.47 11.46 9.72 11.45

Competitive Comparison of Fortescue's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Fortescue'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.

Fortescue's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortescue's Days Sales Outstanding distribution charts can be found below:

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


Fortescue 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.

Fortescue's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

Days Sales Outstanding (A: Jun. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count ) / Revenue (A: Jun. 2023 )*Days in Period
=( (362 + 331) / 2 ) / 16780*365
=346.5 / 16780*365
=7.54

Fortescue'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
=( (331 + 863) / 2 ) / 9512*365 / 2
=597 / 9512*365 / 2
=11.45

* 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.

Fortescue  (OTCPK:FSUGY) Days Sales Outstanding Explanation

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

Fortescue Days Sales Outstanding Related Terms

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Fortescue (Fortescue) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (OTCPK:FSUGY) » Definitions » Days Sales Outstanding
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Traded in Other Exchanges
FSUMF:USA FVJ:Germany FMG:Australia
Address
87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004
Website
https://www.fortescue.com
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.