Griffin Mining (LSE:GFM) Days Sales Outstanding : 8.55 (As of Jun. 2023)

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What is Griffin Mining Days Sales Outstanding?

Griffin Mining's average Accounts Receivable for the six months ended in Jun. 2023 was £2.6 Mil. Griffin Mining's Revenue for the six months ended in Jun. 2023 was £55.1 Mil. Hence, Griffin Mining's Days Sales Outstanding for the six months ended in Jun. 2023 was 8.55.

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

LSE:GFM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.97 Med: 12.53 Max: 20.7
Current: 9.38

During the past 13 years, Griffin Mining's highest Days Sales Outstanding was 20.70. The lowest was 1.97. And the median was 12.53.

LSE:GFM's Days Sales Outstanding is ranked better than
82.83% of 792 companies
in the Metals & Mining industry
Industry Median: 42.325 vs LSE:GFM: 9.38

Griffin Mining's Days Sales Outstanding declined from Jun. 2022 (20.80) to Jun. 2023 (8.55).

Griffin Mining Days Sales Outstanding Historical Data

The historical data trend for Griffin Mining'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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Griffin Mining Days Sales Outstanding Chart

Griffin Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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20.70

12.57

12.53

Griffin Mining Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															14.94	9.66	20.80	10.28	8.55

Competitive Comparison of Griffin Mining's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Griffin Mining'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.

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

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

* The bar in red indicates where Griffin Mining's Days Sales Outstanding falls into.

Griffin Mining 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.

Griffin Mining's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0	+	2.818)	/	1 )	/	82.107	*	365
=	2.818					/	82.107	*	365
=	12.53

Griffin Mining's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (2.818	+	2.342)	/	2 )	/	55.058	*	365 / 2
=	2.58					/	55.058	*	365 / 2
=	8.55

Griffin Mining (LSE:GFM) Days Sales Outstanding Explanation

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

Griffin Mining Days Sales Outstanding Related Terms

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Griffin Mining (LSE:GFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Griffin Mining Ltd (LSE:GFM) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

GG7:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

http://www.griffinmining.com

Griffin Mining Ltd is a mining and investment company. It is principally engaged in mining and exploration activities. The company is engaged in the Caijiaying zinc gold mine in the PRC.

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