Ninety One (JSE:NY1) Days Sales Outstanding : 124.09 (As of Sep. 2023)

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What is Ninety One Days Sales Outstanding?

Ninety One's average Accounts Receivable for the six months ended in Sep. 2023 was R5,589 Mil. Ninety One's Revenue for the six months ended in Sep. 2023 was R8,220 Mil. Hence, Ninety One's Days Sales Outstanding for the six months ended in Sep. 2023 was 124.09.

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

JSE:NY1' s Days Sales Outstanding Range Over the Past 10 Years
Min: 112.34 Med: 121.74 Max: 144.21
Current: 138.21

During the past 7 years, Ninety One's highest Days Sales Outstanding was 144.21. The lowest was 112.34. And the median was 121.74.

JSE:NY1's Days Sales Outstanding is ranked worse than
79.37% of 509 companies
in the Asset Management industry
Industry Median: 49.11 vs JSE:NY1: 138.21

Ninety One's Days Sales Outstanding declined from Sep. 2022 (148.89) to Sep. 2023 (124.09).

Ninety One Days Sales Outstanding Historical Data

The historical data trend for Ninety One'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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Ninety One Days Sales Outstanding Chart

Ninety One Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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115.05

112.34

120.31

122.30

121.74

Ninety One Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial								130.14	131.09	148.89	148.52	124.09

Competitive Comparison of Ninety One's Days Sales Outstanding

For the Asset Management subindustry, Ninety One'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.

Ninety One's Days Sales Outstanding Distribution in the Asset Management Industry

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

* The bar in red indicates where Ninety One's Days Sales Outstanding falls into.

Ninety One 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.

Ninety One's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (5244.799	+	5774.788)	/	2 )	/	16519.972	*	365
=	5509.7935					/	16519.972	*	365
=	121.74

Ninety One's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (5774.788	+	5403.347)	/	2 )	/	8220.035	*	365 / 2
=	5589.0675					/	8220.035	*	365 / 2
=	124.09

Ninety One (JSE:NY1) Days Sales Outstanding Explanation

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

Ninety One Days Sales Outstanding Related Terms

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Ninety One (JSE:NY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ninety One Ltd (JSE:NY1) » Definitions » Days Sales Outstanding

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L91:Germany

Address

36 Hans Strijdom Avenue, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.ninetyone.com

Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors. Geographically, it derives a majority of revenue from the United Kingdom and others.

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