29Metals (ASX:29M) Days Sales Outstanding : 10.35 (As of Dec. 2024)

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What is 29Metals Days Sales Outstanding?

29Metals's average Accounts Receivable for the six months ended in Dec. 2024 was A$17.8 Mil. 29Metals's Revenue for the six months ended in Dec. 2024 was A$313.7 Mil. Hence, 29Metals's Days Sales Outstanding for the six months ended in Dec. 2024 was 10.35.

The historical rank and industry rank for 29Metals's Days Sales Outstanding or its related term are showing as below:

ASX:29M' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.35 Med: 22.24 Max: 26.43
Current: 11.79

During the past 5 years, 29Metals's highest Days Sales Outstanding was 26.43. The lowest was 8.35. And the median was 22.24.

ASX:29M's Days Sales Outstanding is ranked better than
79.38% of 771 companies
in the Metals & Mining industry
Industry Median: 40.96 vs ASX:29M: 11.79

29Metals's Days Sales Outstanding declined from Dec. 2023 (15.68) to Dec. 2024 (10.35).

29Metals Days Sales Outstanding Historical Data

The historical data trend for 29Metals'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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29Metals Days Sales Outstanding Chart

29Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Sales Outstanding

21.69

21.59

26.43

8.35

29Metals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial			13.07	25.73	15.68	17.59	10.35

Competitive Comparison of 29Metals's Days Sales Outstanding

For the Other Precious Metals & Mining subindustry, 29Metals'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.

29Metals's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 29Metals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where 29Metals's Days Sales Outstanding falls into.

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29Metals 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.

29Metals's Days Sales Outstanding for the fiscal year that ended in Dec. 2024 is calculated as

	Days Sales Outstanding (A: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (18.49	+	7.022)	/	2 )	/	557.768	*	365
=	12.756					/	557.768	*	365
=	8.35

29Metals's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (28.556	+	7.022)	/	2 )	/	313.713	*	365 / 2
=	17.789					/	313.713	*	365 / 2
=	10.35

29Metals (ASX:29M) Days Sales Outstanding Explanation

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

29Metals Days Sales Outstanding Related Terms

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29Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver). The group has three reportable segments which are Golden Grove, Capricorn Copper, and Exploration (which includes Redhill and regional exploration activities at Golden Grove and Capricorn Copper), and the majority of its revenue is generated from golden grove.

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