Academies Australasia Group (ASX:AKG) Days Sales Outstanding : 8.23 (As of Dec. 2023)

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What is Academies Australasia Group Days Sales Outstanding?

Academies Australasia Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.05 Mil. Academies Australasia Group's Revenue for the six months ended in Dec. 2023 was A$23.26 Mil. Hence, Academies Australasia Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 8.23.

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

ASX:AKG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.8 Med: 24.39 Max: 33.83
Current: 10.08

During the past 13 years, Academies Australasia Group's highest Days Sales Outstanding was 33.83. The lowest was 4.80. And the median was 24.39.

ASX:AKG's Days Sales Outstanding is ranked better than
73.79% of 248 companies
in the Education industry
Industry Median: 29.4 vs ASX:AKG: 10.08

Academies Australasia Group's Days Sales Outstanding declined from Dec. 2022 (10.99) to Dec. 2023 (8.23).

Academies Australasia Group Days Sales Outstanding Historical Data

The historical data trend for Academies Australasia 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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Academies Australasia Group Days Sales Outstanding Chart

Academies Australasia Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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27.95

13.49

8.48

9.76

4.80

Academies Australasia Group 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															15.91	17.71	10.99	8.06	8.23

Competitive Comparison of Academies Australasia Group's Days Sales Outstanding

For the Education & Training Services subindustry, Academies Australasia 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.

Academies Australasia Group's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Academies Australasia Group's Days Sales Outstanding distribution charts can be found below:

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

Academies Australasia 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.

Academies Australasia Group'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
=	( (0.925	+	0.299)	/	2 )	/	46.509	*	365
=	0.612					/	46.509	*	365
=	4.80

Academies Australasia Group'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
=	( (0.299	+	1.798)	/	2 )	/	23.257	*	365 / 2
=	1.0485					/	23.257	*	365 / 2
=	8.23

Academies Australasia Group (ASX:AKG) Days Sales Outstanding Explanation

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

Academies Australasia Group Days Sales Outstanding Related Terms

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Academies Australasia Group (ASX:AKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Academies Australasia Group Ltd (ASX:AKG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.academies.edu.au

Academies Australasia Group Ltd is engaged in the provision of training and education services. It offers the English language, Senior High School, Singapore government school preparatory certificate, diploma, advanced diploma, and bachelor and master degree courses. The company has only one operating segment as Education. Its geographical segments are Australia and Singapore. The company generates maximum revenue from Australia.

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