African Agriculture Holdings (African Agriculture Holdings) Days Sales Outstanding : 6.99 (As of Sep. 2023)

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What is African Agriculture Holdings Days Sales Outstanding?

African Agriculture Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was $0.04 Mil. African Agriculture Holdings's Revenue for the three months ended in Sep. 2023 was $0.48 Mil. Hence, African Agriculture Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 6.99.

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

AAGR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.94 Med: 28.62 Max: 47.3
Current: 13.13

During the past 3 years, African Agriculture Holdings's highest Days Sales Outstanding was 47.30. The lowest was 9.94. And the median was 28.62.

AAGR's Days Sales Outstanding is ranked better than
87.55% of 1839 companies
in the Consumer Packaged Goods industry
Industry Median: 39.18 vs AAGR: 13.13

African Agriculture Holdings's Days Sales Outstanding increased from Jun. 2022 (0.00) to Sep. 2023 (6.99).

African Agriculture Holdings Days Sales Outstanding Historical Data

The historical data trend for African Agriculture Holdings'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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African Agriculture Holdings Days Sales Outstanding Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

47.30

9.94

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			-	19.35	10.31	6.99	-

Competitive Comparison of African Agriculture Holdings's Days Sales Outstanding

For the Farm Products subindustry, African Agriculture Holdings'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.

African Agriculture Holdings's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, African Agriculture Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where African Agriculture Holdings's Days Sales Outstanding falls into.

African Agriculture Holdings 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.

African Agriculture Holdings'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
=	( (0.088	+	0.011)	/	2 )	/	1.817	*	365
=	0.0495					/	1.817	*	365
=	9.94

African Agriculture Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.037	+	0.037)	/	2 )	/	0.483	*	365 / 4
=	0.037					/	0.483	*	365 / 4
=	6.99

African Agriculture Holdings (NAS:AAGR) Days Sales Outstanding Explanation

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

African Agriculture Holdings Days Sales Outstanding Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.