Argo Blockchain (LSE:ARB) Days Sales Outstanding : 24.22 (As of Dec. 2023)

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What is Argo Blockchain Days Sales Outstanding?

Argo Blockchain's average Accounts Receivable for the three months ended in Dec. 2023 was £3.69 Mil. Argo Blockchain's Revenue for the three months ended in Dec. 2023 was £13.91 Mil. Hence, Argo Blockchain's Days Sales Outstanding for the three months ended in Dec. 2023 was 24.22.

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

LSE:ARB' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.15 Med: 37.23 Max: 57.48
Current: 33.57

During the past 6 years, Argo Blockchain's highest Days Sales Outstanding was 57.48. The lowest was 7.15. And the median was 37.23.

LSE:ARB's Days Sales Outstanding is ranked better than
65.59% of 558 companies
in the Capital Markets industry
Industry Median: 62.115 vs LSE:ARB: 33.57

Argo Blockchain's Days Sales Outstanding increased from Dec. 2022 (0.00) to Dec. 2023 (24.22).

Argo Blockchain Days Sales Outstanding Historical Data

The historical data trend for Argo Blockchain'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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Argo Blockchain Days Sales Outstanding Chart

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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37.23

57.48

7.15

Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial												-	61.04	39.34	37.96	24.22

Competitive Comparison of Argo Blockchain's Days Sales Outstanding

For the Capital Markets subindustry, Argo Blockchain'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.

Argo Blockchain's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Argo Blockchain's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Argo Blockchain's Days Sales Outstanding falls into.

Argo Blockchain 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.

Argo Blockchain'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	+	0.893)	/	1 )	/	45.6	*	365
=	0.893					/	45.6	*	365
=	7.15

Argo Blockchain'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
=	( (6.491	+	0.893)	/	2 )	/	13.91	*	365 / 4
=	3.692					/	13.91	*	365 / 4
=	24.22

Argo Blockchain (LSE:ARB) Days Sales Outstanding Explanation

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

Argo Blockchain Days Sales Outstanding Related Terms

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Argo Blockchain (LSE:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (LSE:ARB) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ARBK:USA ARBKF:USA ARBl:UK 0XP:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.