Fortress Minerals (SGX:OAJ) Days Sales Outstanding : 24.18 (As of Aug. 2023)

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What is Fortress Minerals Days Sales Outstanding?

Fortress Minerals's average Accounts Receivable for the three months ended in Aug. 2023 was S$6.20 Mil. Fortress Minerals's Revenue for the three months ended in Aug. 2023 was S$23.39 Mil. Hence, Fortress Minerals's Days Sales Outstanding for the three months ended in Aug. 2023 was 24.18.

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

SGX:OAJ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.89 Med: 37.9 Max: 56.45
Current: 34.14

During the past 9 years, Fortress Minerals's highest Days Sales Outstanding was 56.45. The lowest was 17.89. And the median was 37.90.

SGX:OAJ's Days Sales Outstanding is ranked better than
67.34% of 597 companies
in the Steel industry
Industry Median: 48.98 vs SGX:OAJ: 34.14

Fortress Minerals's Days Sales Outstanding declined from Aug. 2022 (29.19) to Aug. 2023 (24.18).

Fortress Minerals Days Sales Outstanding Historical Data

The historical data trend for Fortress Minerals'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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Fortress Minerals Days Sales Outstanding Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Sales Outstanding

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38.28

56.45

52.06

17.89

37.51

Fortress Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															23.56	20.73	27.51	24.18	-

Competitive Comparison of Fortress Minerals's Days Sales Outstanding

For the Steel subindustry, Fortress Minerals'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.

Fortress Minerals's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fortress Minerals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Fortress Minerals's Days Sales Outstanding falls into.

Fortress Minerals 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.

Fortress Minerals's Days Sales Outstanding for the fiscal year that ended in Feb. 2024 is calculated as

	Days Sales Outstanding (A: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (5.215	+	9.69)	/	2 )	/	72.524	*	365
=	7.4525					/	72.524	*	365
=	37.51

Fortress Minerals's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (5.487	+	6.912)	/	2 )	/	23.392	*	365 / 4
=	6.1995					/	23.392	*	365 / 4
=	24.18

Fortress Minerals (SGX:OAJ) Days Sales Outstanding Explanation

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

Fortress Minerals Days Sales Outstanding Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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