Zest SpA (MIL:ZEST) Days Sales Outstanding: 118.40 (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:ZEST Zest SpA MIL:ZEST
24 GF Score
Price €0.12
GF Value €0.15
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Zest SpA Days Sales Outstanding?

Zest SpA MIL:ZEST -0.81% 24 Days Sales Outstanding is 118.40 as of Dec. 2025, which is 9% below its 10-year median of 129.72. GuruFocus rates MIL:ZEST with a GF Score™ of 24/100 and a GF Value™ of €0.15 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 523 Asset Management companies, Zest SpA ranks worse than 80.5% on this metric.

Zest SpA's average Accounts Receivable for the six months ended in Dec. 2025 was €2.43 Mil. Zest SpA's Revenue for the six months ended in Dec. 2025 was €3.75 Mil. Hence, Zest SpA's Days Sales Outstanding for the six months ended in Dec. 2025 was 118.40.

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

MIL:ZEST' s Days Sales Outstanding Range Over the Past 10 Years
Min: 50.49   Med: 129.72   Max: 307.29
Current: 131.91

During the past 13 years, Zest SpA's highest Days Sales Outstanding was 307.29. The lowest was 50.49. And the median was 129.72.

MIL:ZEST's Days Sales Outstanding is ranked worse than
80.5% of 523 companies
in the Asset Management industry
Industry Median: 45.63 vs MIL:ZEST: 131.91

Zest SpA's Days Sales Outstanding declined from Dec. 2024 (128.46) to Dec. 2025 (118.40).


Zest SpA  (MIL:ZEST) Days Sales Outstanding Explanation

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


Zest SpA Days Sales Outstanding Related Terms


Zest SpA Days Sales Outstanding Historical Data

* Premium members only.

The historical data trend for Zest SpA'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.

Zest SpA Days Sales Outstanding Chart

Zest SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.47 203.03 307.29 254.11 139.53

Zest SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 124.44 3,358.63 128.46 135.92 118.40

MIL:ZEST vs BLK, BX, KKR: Days Sales Outstanding Comparison

For the Asset Management subindustry, Zest SpA'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.


Zest SpA Days Sales Outstanding vs Asset Management Industry

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

* The bar in red indicates where Zest SpA's Days Sales Outstanding falls into.


MIL:ZEST
24GF Score
Zest SpA MIL:ZEST
Days Sales Outstanding is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zest SpA 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.

Zest SpA's Days Sales Outstanding for the fiscal year that ended in Dec. 2025 is calculated as

Days Sales Outstanding (A: Dec. 2025 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count ) / Revenue (A: Dec. 2025 )*Days in Period
=( (4.232 + 2.182) / 2 ) / 8.389*365
=3.207 / 8.389*365
=139.53

Zest SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding (Q: Dec. 2025 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2025 ) + Accounts Receivable (A: Dec. 2025 )) / count ) / Revenue (A: Dec. 2025 )*Days in Period
=( (2.681 + 2.182) / 2 ) / 3.748*365 / 2
=2.4315 / 3.748*365 / 2
=118.40

* 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.

Frequently Asked Questions Learn more about Days Sales Outstanding →
What does a Days Sales Outstanding of 118.40 mean?
Zest SpA (MIL:ZEST) has a Days Sales Outstanding of 118.40 as of Dec. 2025. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Zest SpA and its competitors. This is near median its historical median of 129.72. Over the past decade, Zest SpA's Days Sales Outstanding has ranged from 50.49 to 307.29. According to the industry distribution chart, Zest SpA ranks #421 out of 523 companies in the Asset Management industry, placing it in the top 80.5%.
Is Zest SpA's Days Sales Outstanding too high?
Zest SpA's current Days Sales Outstanding of 118.40 is near median its 10-year median of 129.72. Over the past 10 years, this metric has ranged from a low of 50.49 to a high of 307.29. The Asset Management industry median Days Sales Outstanding is 45.63. Zest SpA's value of 118.40 is 159.5% above this industry median. Based on the distribution chart, Zest SpA ranks #421 out of 523 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Zest SpA has a GF Score™ of 24/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zest SpA's Days Sales Outstanding compare to BLK and BX?
According to the Asset Management industry distribution chart, Zest SpA ranks #421 out of 523 companies for Days Sales Outstanding. This places Zest SpA in the lower half of its industry. The industry median Days Sales Outstanding is 45.63. Zest SpA's value of 118.40 is 159.5% above this benchmark. Historically, Zest SpA's own Days Sales Outstanding has ranged from 50.49 to 307.29 over the past decade. While the company's 10-year median is 129.72 vs. the industry median of 45.63, Zest SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Sales Outstanding for an Asset Management company?
The median Days Sales Outstanding among Asset Management companies is 45.63, based on 523 companies in the industry. Companies in the top quartile (top 25%) have a Days Sales Outstanding significantly above this median, while those in the bottom quartile fall well below. However, Days Sales Outstanding should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zest SpA's current Days Sales Outstanding of 118.40 is 159.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Sales Outstanding mean?
A high Days Sales Outstanding can signal that a stock is expensive relative to its fundamentals. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Zest SpA and its competitors. For the Asset Management industry, the median Days Sales Outstanding is 45.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zest SpA's current Days Sales Outstanding is 118.40, which is near median its own 10-year median of 129.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zest SpA stock overvalued right now?
Based on GuruFocus' analysis, Zest SpA (MIL:ZEST) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.15, compared to a current price of €0.12 — trading 18% below its estimated fair value. The current Days Sales Outstanding is 118.40, which is near median its 10-year median of 129.72 and 159.5% above the Asset Management industry median of 45.63. Zest SpA's overall GF Score™ is 24/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Sales Outstanding calculated?
Days Sales Outstanding is calculated from a company's financial statements. For Zest SpA (MIL:ZEST), the current Days Sales Outstanding is 118.40 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zest SpA (MIL:ZEST) Overvalued in 2026?

Based on GuruFocus' analysis, Zest SpA stock appears to be undervalued. The current stock price of €0.12 is trading 18% below its estimated GF Value™ of €0.15. GuruFocus considers Zest SpA to be Modestly Undervalued.

Key valuation signals for MIL:ZEST:

  • Days Sales Outstanding: 118.40 (near median its 10-year median of 129.72)
  • GF Value™: €0.15 vs. price of €0.12 (18% below fair value)
  • GF Score™: 24/100 with 5 warning signs
  • Industry Position: 159.5% above the Asset Management median (#421 of 523)

No single metric tells the full story. See the MIL:ZEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zest SpA Business Description

Address Via Marsala 29h, Rome, ITA, 00185
Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.
24GF Score

Get the complete analysis for MIL:ZEST

Days Sales Outstanding is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.12
Price
€0.15
GF Value