Prime Financial Group (ASX:PFG) Days Sales Outstanding : 55.02 (As of Dec. 2023)

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What is Prime Financial Group Days Sales Outstanding?

Prime Financial Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$5.50 Mil. Prime Financial Group's Revenue for the six months ended in Dec. 2023 was A$18.24 Mil. Hence, Prime Financial Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 55.02.

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

ASX:PFG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.05 Med: 54.65 Max: 75.1
Current: 53.56

During the past 13 years, Prime Financial Group's highest Days Sales Outstanding was 75.10. The lowest was 45.05. And the median was 54.65.

ASX:PFG's Days Sales Outstanding is ranked worse than
52.67% of 505 companies
in the Asset Management industry
Industry Median: 50.99 vs ASX:PFG: 53.56

Prime Financial Group's Days Sales Outstanding increased from Dec. 2022 (54.63) to Dec. 2023 (55.02).

Prime Financial Group Days Sales Outstanding Historical Data

The historical data trend for Prime Financial 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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Prime Financial Group Days Sales Outstanding Chart

Prime Financial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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49.15

45.05

47.78

54.84

54.46

Prime Financial 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															49.50	53.74	54.63	52.01	55.02

Competitive Comparison of Prime Financial Group's Days Sales Outstanding

For the Asset Management subindustry, Prime Financial 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.

Prime Financial Group's Days Sales Outstanding Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Prime Financial Group's Days Sales Outstanding distribution charts can be found below:

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

Prime Financial 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.

Prime Financial 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
=	( (4.784	+	5.257)	/	2 )	/	33.649	*	365
=	5.0205					/	33.649	*	365
=	54.46

Prime Financial 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
=	( (5.257	+	5.74)	/	2 )	/	18.237	*	365 / 2
=	5.4985					/	18.237	*	365 / 2
=	55.02

Prime Financial Group (ASX:PFG) Days Sales Outstanding Explanation

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

Prime Financial Group Days Sales Outstanding Related Terms

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Prime Financial Group (ASX:PFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prime Financial Group Ltd (ASX:PFG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 City Road, Level 17, HWT Tower, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.primefinancial.com.au

Prime Financial Group Ltd is an integrated accounting and business advisory, wealth management, and capital advisory company for business owners and family groups. It offers services accounting and tax compliance, start-up services, SME advisory, director and board services, life insurance, estate planning, lending and finance, transaction and restructuring services, superannuation, and others. Its segments are Accounting and Business Advisory plus Capital and the other to Wealth Management and Self- Managed Superannuation (SMSF). The company generates the majority of its revenue from Accounting and Business Advisory plus Capital.