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Mineral Resources (ASX:MIN) Days Sales Outstanding : 46.41 (As of Dec. 2023)


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What is Mineral Resources Days Sales Outstanding?

Mineral Resources's average Accounts Receivable for the six months ended in Dec. 2023 was A$639 Mil. Mineral Resources's Revenue for the six months ended in Dec. 2023 was A$2,515 Mil. Hence, Mineral Resources's Days Sales Outstanding for the six months ended in Dec. 2023 was 46.41.

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

ASX:MIN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.27   Med: 35.54   Max: 56.72
Current: 56.72

During the past 13 years, Mineral Resources's highest Days Sales Outstanding was 56.72. The lowest was 22.27. And the median was 35.54.

ASX:MIN's Days Sales Outstanding is ranked worse than
59.19% of 789 companies
in the Metals & Mining industry
Industry Median: 42.13 vs ASX:MIN: 56.72

Mineral Resources's Days Sales Outstanding declined from Dec. 2022 (63.22) to Dec. 2023 (46.41).

Mineral Resources Days Sales Outstanding Historical Data

The historical data trend for Mineral Resources'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.

Mineral Resources Days Sales Outstanding Chart

Mineral Resources 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 37.97 30.21 23.55 48.26 45.11

Mineral Resources 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 33.76 35.41 63.22 60.31 46.41

Competitive Comparison of Mineral Resources's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Mineral Resources'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.

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

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

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


Mineral Resources 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.

Mineral Resources'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
=( (602.1 + 579.3) / 2 ) / 4779.1*365
=590.7 / 4779.1*365
=45.11

Mineral Resources'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
=( (579.3 + 699.6) / 2 ) / 2514.7*365 / 2
=639.45 / 2514.7*365 / 2
=46.41

* 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.

Mineral Resources  (ASX:MIN) Days Sales Outstanding Explanation

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

Mineral Resources Days Sales Outstanding Related Terms

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Mineral Resources (ASX:MIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Resources Ltd (ASX:MIN) » Definitions » Days Sales Outstanding
Comparable Companies
ASX:S32 ASX:PLS ASX:LYC ASX:IGO ASX:NIC ASX:ILU ASX:LTR ASX:DRR ASX:BOE ASX:AZS ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
MALRY:USA MALRF:USA F5J:Germany F5J:Germany
Address
20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017
Website
https://www.mineralresources.com.au
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.