Forafric Global (Forafric Global) Days Sales Outstanding : 37.19 (As of Dec. 2023)

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What is Forafric Global Days Sales Outstanding?

Forafric Global's average Accounts Receivable for the six months ended in Dec. 2023 was $32.6 Mil. Forafric Global's Revenue for the six months ended in Dec. 2023 was $159.9 Mil. Hence, Forafric Global's Days Sales Outstanding for the six months ended in Dec. 2023 was 37.19.

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

AFRI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.24 Med: 40.75 Max: 51.02
Current: 38.24

During the past 5 years, Forafric Global's highest Days Sales Outstanding was 51.02. The lowest was 38.24. And the median was 40.75.

AFRI's Days Sales Outstanding is ranked better than
51.36% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.145 vs AFRI: 38.24

Forafric Global's Days Sales Outstanding declined from Dec. 2022 (40.37) to Dec. 2023 (37.19).

Forafric Global Days Sales Outstanding Historical Data

The historical data trend for Forafric Global'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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Forafric Global Days Sales Outstanding Chart

Forafric Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

51.02

41.70

39.79

39.18

Forafric Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			41.91	35.96	40.37	38.41	37.19

Competitive Comparison of Forafric Global's Days Sales Outstanding

For the Farm Products subindustry, Forafric Global'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.

Forafric Global's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Forafric Global's Days Sales Outstanding falls into.

Forafric Global 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.

Forafric Global'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
=	( (30.858	+	34.716)	/	2 )	/	305.476	*	365
=	32.787					/	305.476	*	365
=	39.18

Forafric Global'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (30.444	+	34.716)	/	2 )	/	159.86	*	365 / 2
=	32.58					/	159.86	*	365 / 2
=	37.19

Forafric Global (NAS:AFRI) Days Sales Outstanding Explanation

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

Forafric Global Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Forafric Global's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Forafric Global (Forafric Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA

Website

https://www.forafric.com

Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.

Executives

Paul Packer	director, 10 percent owner, officer: CEO; CFO; Secretary	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson	director	525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne	director	P.O. BOX 547, JOHNSON AR 72741
Claude Benitah	director	NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc	10 percent owner	805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

Forafric Global (Forafric Global) Headlines

From GuruFocus

Forafric Provides Business Update

By Business Wire • 12-13-2023

Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day

By Business Wire • 07-31-2023

Forafric Achieves Record High Crushing Volume During First Half of 2022

By Business Wire Business Wire • 08-04-2022

Forafric, a Leading African Agribusiness, Teams with Alapala to Nearly Double Wheat and Durum Processing Capacity

By Business Wire Business Wire • 06-14-2022