Summit Minerals (ASX:SUM) Days Sales Outstanding : 327.43 (As of Dec. 2023)

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What is Summit Minerals Days Sales Outstanding?

Summit Minerals's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.12 Mil. Summit Minerals's Revenue for the six months ended in Dec. 2023 was A$0.07 Mil. Hence, Summit Minerals's Days Sales Outstanding for the six months ended in Dec. 2023 was 327.43.

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

ASX:SUM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0 Med: 0 Max: 466.99
Current: 466.99

During the past 1 years, Summit Minerals's highest Days Sales Outstanding was 466.99. The lowest was 0.00. And the median was 0.00.

ASX:SUM's Days Sales Outstanding is ranked worse than
88.55% of 786 companies
in the Metals & Mining industry
Industry Median: 42.355 vs ASX:SUM: 466.99

Summit Minerals's Days Sales Outstanding declined from Dec. 2022 (395.42) to Dec. 2023 (327.43).

Summit Minerals Days Sales Outstanding Historical Data

The historical data trend for Summit 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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Summit Minerals Days Sales Outstanding Chart

Summit Minerals Annual Data

Trend

Jun23

Days Sales Outstanding

Summit Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Days Sales Outstanding	395.42	-	327.43

Competitive Comparison of Summit Minerals's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Summit 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.

Summit Minerals's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Summit Minerals's Days Sales Outstanding distribution charts can be found below:

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

Summit 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.

Summit Minerals's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Summit Minerals'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
=	( (0	+	0.122)	/	1 )	/	0.068	*	365 / 2
=	0.122					/	0.068	*	365 / 2
=	327.43

Summit Minerals (ASX:SUM) Days Sales Outstanding Explanation

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

Summit Minerals Days Sales Outstanding Related Terms

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Summit Minerals (ASX:SUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summit Minerals Ltd (ASX:SUM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 1, Mount Hawthorn, WA, AUS, 6016

Website

https://www.summitminerals.com.au

Summit Minerals Ltd engages in acquiring, exploring, and developing battery mineral projects in Australia. It holds interest in the following projects: Stallion REE Uranium Project (WA), the Windfall Antimony Project (NSW), the Phillips River Lithium Project (WA), and the Northern REE Lithium Projects (WA), and the Bridgetown Lithium Projects (WA).