Front Ventures (NGM:FRNT B) Days Sales Outstanding : 296.51 (As of Jun. 2024)

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What is Front Ventures Days Sales Outstanding?

Front Ventures's average Accounts Receivable for the six months ended in Jun. 2024 was kr2.00 Mil. Front Ventures's Revenue for the six months ended in Jun. 2024 was kr1.23 Mil. Hence, Front Ventures's Days Sales Outstanding for the six months ended in Jun. 2024 was 296.51.

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

NGM:FRNT B' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.63 Med: 62.23 Max: 833.74
Current: 255.13

During the past 9 years, Front Ventures's highest Days Sales Outstanding was 833.74. The lowest was 6.63. And the median was 62.23.

NGM:FRNT B's Days Sales Outstanding is ranked worse than
74.13% of 286 companies
in the Credit Services industry
Industry Median: 52.735 vs NGM:FRNT B: 255.13

Front Ventures's Days Sales Outstanding increased from Jun. 2023 (226.88) to Jun. 2024 (296.51).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Front Ventures Days Sales Outstanding Historical Data

The historical data trend for Front Ventures'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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Front Ventures Days Sales Outstanding Chart

Front Ventures Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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6.63

6.79

14.31

62.23

182.55

Front Ventures Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial													22.32	27.42	226.88	206.55	296.51

Competitive Comparison of Front Ventures's Days Sales Outstanding

For the Credit Services subindustry, Front Ventures'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.

Front Ventures's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Front Ventures's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Front Ventures's Days Sales Outstanding falls into.

Front Ventures 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.

Front Ventures'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
=	( (0	+	2)	/	1 )	/	3.999	*	365
=	2					/	3.999	*	365
=	182.55

Front Ventures's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (2	+	0)	/	1 )	/	1.231	*	365 / 2
=	2					/	1.231	*	365 / 2
=	296.51

Front Ventures (NGM:FRNT B) Days Sales Outstanding Explanation

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

Front Ventures Days Sales Outstanding Related Terms

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Front Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Front Ventures (NGM:FRNT B) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 3, Stockholm, SWE, Stockholm

Website

https://www.frontventures.se

Front Ventures is an investment company that focuses on the fintech sector. It invest in markets that are not yet saturated.

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