Automotive Finco (Automotive Finco) Days Sales Outstanding : 434.18 (As of Mar. 2024)

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What is Automotive Finco Days Sales Outstanding?

Automotive Finco's average Accounts Receivable for the three months ended in Mar. 2024 was $2.47 Mil. Automotive Finco's Revenue for the three months ended in Mar. 2024 was $0.52 Mil. Hence, Automotive Finco's Days Sales Outstanding for the three months ended in Mar. 2024 was 434.18.

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

RMIAF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.61 Med: 224 Max: 365
Current: 304.13

During the past 13 years, Automotive Finco's highest Days Sales Outstanding was 365.00. The lowest was 52.61. And the median was 224.00.

RMIAF's Days Sales Outstanding is ranked worse than
77.24% of 268 companies
in the Credit Services industry
Industry Median: 52.42 vs RMIAF: 304.13

Automotive Finco's Days Sales Outstanding increased from Mar. 2023 (90.15) to Mar. 2024 (434.18).

Warning Sign:

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

Automotive Finco Days Sales Outstanding Historical Data

The historical data trend for Automotive Finco'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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Automotive Finco Days Sales Outstanding Chart

Automotive Finco Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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52.66

365.00

223.80

Automotive Finco Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															90.15	171.62	259.02	342.71	434.18

Competitive Comparison of Automotive Finco's Days Sales Outstanding

For the Credit Services subindustry, Automotive Finco'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.

Automotive Finco's Days Sales Outstanding Distribution in the Credit Services Industry

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

* The bar in red indicates where Automotive Finco's Days Sales Outstanding falls into.

Automotive Finco 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.

Automotive Finco'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
=	( (0.224	+	2.22)	/	2 )	/	1.993	*	365
=	1.222					/	1.993	*	365
=	223.80

Automotive Finco's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (2.22	+	2.719)	/	2 )	/	0.519	*	365 / 4
=	2.4695					/	0.519	*	365 / 4
=	434.18

Automotive Finco (OTCPK:RMIAF) Days Sales Outstanding Explanation

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

Automotive Finco Days Sales Outstanding Related Terms

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Automotive Finco (Automotive Finco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Automotive Finco Corp (OTCPK:RMIAF) » Definitions » Days Sales Outstanding

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AFCC.H:Canada

Address

Yonge King, PO Box 17026, Toronto, ON, CAN, M5E 1Y2

Website

https://www.autofincocorp.com

Automotive Finco Corp p is a finance company focused exclusively on the auto retail sector. The company also pursues other direct investments and financing opportunities across the auto retail sector. Through its investment in Automotive Finance LP, it is engaged in the business of lending and administering investment funds. The Company has only one operating segment: Investment issuer focused on providing debt financing and making other investments in the auto retail sector.