Palestine Development & Investment Co (XPAE:PADICO) Days Sales Outstanding : 209.71 (As of Dec. 2023)

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What is Palestine Development & Investment Co Days Sales Outstanding?

Palestine Development & Investment Co's average Accounts Receivable for the three months ended in Dec. 2023 was $34.63 Mil. Palestine Development & Investment Co's Revenue for the three months ended in Dec. 2023 was $15.07 Mil. Hence, Palestine Development & Investment Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 209.71.

The historical rank and industry rank for Palestine Development & Investment Co's Days Sales Outstanding or its related term are showing as below:

XPAE:PADICO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 109.25 Med: 156.49 Max: 210.61
Current: 165.5

During the past 13 years, Palestine Development & Investment Co's highest Days Sales Outstanding was 210.61. The lowest was 109.25. And the median was 156.49.

XPAE:PADICO's Days Sales Outstanding is ranked worse than
81.6% of 511 companies
in the Asset Management industry
Industry Median: 48.8 vs XPAE:PADICO: 165.50

Palestine Development & Investment Co's Days Sales Outstanding increased from Dec. 2022 (174.61) to Dec. 2023 (209.71).

Palestine Development & Investment Co Days Sales Outstanding Historical Data

The historical data trend for Palestine Development & Investment Co'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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Palestine Development & Investment Co Days Sales Outstanding Chart

Palestine Development & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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153.56

186.01

172.46

147.67

135.00

Palestine Development & Investment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															174.61	158.00	195.49	145.16	209.71

Competitive Comparison of Palestine Development & Investment Co's Days Sales Outstanding

For the Asset Management subindustry, Palestine Development & Investment Co'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.

Palestine Development & Investment Co's Days Sales Outstanding Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Palestine Development & Investment Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Palestine Development & Investment Co's Days Sales Outstanding falls into.

Palestine Development & Investment Co 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.

Palestine Development & Investment Co'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
=	( (35.379	+	34.703)	/	2 )	/	94.741	*	365
=	35.041					/	94.741	*	365
=	135.00

Palestine Development & Investment Co'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
=	( (34.561	+	34.703)	/	2 )	/	15.069	*	365 / 4
=	34.632					/	15.069	*	365 / 4
=	209.71

Palestine Development & Investment Co (XPAE:PADICO) Days Sales Outstanding Explanation

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

Palestine Development & Investment Co Days Sales Outstanding Related Terms

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Palestine Development & Investment Co (XPAE:PADICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Palestine Development & Investment Co (XPAE:PADICO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 6181, Amman, JOR, 11118

Website

https://www.padico.com

Palestine Development & Investment Co is an investment and development company. It invests in real estate, telecommunications, tourism, industry, agriculture, infrastructure, financial services, and the environment sectors. The company's objective is to develop and encourage investment in various sectors and technical and consultancy services through the establishment of companies, joint ventures, and associations with other companies. The firm's investment strategy is based on sector diversification, long-term investment, and well-founded partnerships. It classifies its investments in subsidiary companies, affiliated companies, and other investments.

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