Al Ramz Investment and Development Company (DFM:ALRAMZ) Days Sales Outstanding : 215.95 (As of Dec. 2023)

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What is Al Ramz Investment and Development Company Days Sales Outstanding?

Al Ramz Investment and Development Company's average Accounts Receivable for the three months ended in Dec. 2023 was د.إ73.0 Mil. Al Ramz Investment and Development Company's Revenue for the three months ended in Dec. 2023 was د.إ30.8 Mil. Hence, Al Ramz Investment and Development Company's Days Sales Outstanding for the three months ended in Dec. 2023 was 215.95.

The historical rank and industry rank for Al Ramz Investment and Development Company's Days Sales Outstanding or its related term are showing as below:

DFM:ALRAMZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.66 Med: 448.99 Max: 1501.32
Current: 254.99

During the past 12 years, Al Ramz Investment and Development Company's highest Days Sales Outstanding was 1501.32. The lowest was 52.66. And the median was 448.99.

DFM:ALRAMZ's Days Sales Outstanding is ranked worse than
77.28% of 559 companies
in the Capital Markets industry
Industry Median: 62.31 vs DFM:ALRAMZ: 254.99

Al Ramz Investment and Development Company's Days Sales Outstanding declined from Dec. 2022 (424.61) to Dec. 2023 (215.95).

Al Ramz Investment and Development Company Days Sales Outstanding Historical Data

The historical data trend for Al Ramz Investment and Development Company'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.

Al Ramz Investment and Development Company Days Sales Outstanding Chart

Al Ramz Investment and Development Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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619.38

448.99

52.66

72.38

249.39

Al Ramz Investment and Development Company Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															424.61	243.92	362.37	217.72	215.95

Competitive Comparison of Al Ramz Investment and Development Company's Days Sales Outstanding

For the Capital Markets subindustry, Al Ramz Investment and Development Company'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.

Al Ramz Investment and Development Company's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Al Ramz Investment and Development Company's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Al Ramz Investment and Development Company's Days Sales Outstanding falls into.

Al Ramz Investment and Development Company 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.

Al Ramz Investment and Development Company's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (21.056	+	121.329)	/	2 )	/	104.195	*	365
=	71.1925					/	104.195	*	365
=	249.39

Al Ramz Investment and Development Company'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (24.674	+	121.329)	/	2 )	/	30.847	*	365 / 4
=	73.0015					/	30.847	*	365 / 4
=	215.95

Al Ramz Investment and Development Company (DFM:ALRAMZ) Days Sales Outstanding Explanation

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

Al Ramz Investment and Development Company Days Sales Outstanding Related Terms

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Al Ramz Investment and Development Company (DFM:ALRAMZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ramz Corporation Investment and Development Company (DFM:ALRAMZ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rolex tower - 9th Floor, Dubai, ARE

Website

https://www.alramz.ae

Al Ramz Corporation Investment and Development Company is a financial institution providing a variety of services including asset management, corporate finance, lending, market making, liquidity providing, and research. The main activities of the company and its subsidiaries are to invest and manage commercial, industrial, and agricultural enterprises and to provide brokerage services including brokerage in selling and buying shares, margin trading, market making, and liquidity providing, and to perform all related transactions and activities.

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