Grangex AB (NGM:GRANGX) Days Sales Outstanding : 32.84 (As of Dec. 2023)

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What is Grangex AB Days Sales Outstanding?

Grangex AB's average Accounts Receivable for the three months ended in Dec. 2023 was kr3.79 Mil. Grangex AB's Revenue for the three months ended in Dec. 2023 was kr10.52 Mil. Hence, Grangex AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 32.84.

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

NGM:GRANGX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.11 Med: 20.8 Max: 35.54
Current: 35.54

During the past 13 years, Grangex AB's highest Days Sales Outstanding was 35.54. The lowest was 3.11. And the median was 20.80.

NGM:GRANGX's Days Sales Outstanding is ranked better than
55.15% of 787 companies
in the Metals & Mining industry
Industry Median: 42.51 vs NGM:GRANGX: 35.54

Grangex AB's Days Sales Outstanding declined from Dec. 2022 (44.99) to Dec. 2023 (32.84).

Grangex AB Days Sales Outstanding Historical Data

The historical data trend for Grangex AB'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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Grangex AB Days Sales Outstanding Chart

Grangex AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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11.83

7.89

21.17

23.58

22.22

Grangex AB Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															44.99	31.28	38.02	65.57	32.84

Competitive Comparison of Grangex AB's Days Sales Outstanding

For the Other Precious Metals & Mining subindustry, Grangex AB'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.

Grangex AB's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grangex AB's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Grangex AB's Days Sales Outstanding falls into.

Grangex AB 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.

Grangex AB'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
=	( (1.272	+	3.034)	/	2 )	/	35.372	*	365
=	2.153					/	35.372	*	365
=	22.22

Grangex AB'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
=	( (4.539	+	3.034)	/	2 )	/	10.522	*	365 / 4
=	3.7865					/	10.522	*	365 / 4
=	32.84

Grangex AB (NGM:GRANGX) Days Sales Outstanding Explanation

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

Grangex AB Days Sales Outstanding Related Terms

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Grangex AB (NGM:GRANGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grangex AB (NGM:GRANGX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sandhamnsgatan 48A, Stockholm, SWE, 115 60

Website

https://www.grangesbergexploration.se

Grangex AB is a European mineral development company that develops and engages in the responsible extraction and recycling of minerals that contribute to society and climate. Its operations include Grangex Dannemora: Grangex Apatite: and Sala Bly.

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