Flour Mills Nigeria (NSA:FMNL) Days Sales Outstanding : 7.33 (As of Mar. 2023)

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What is Flour Mills Nigeria Days Sales Outstanding?

Flour Mills Nigeria's average Accounts Receivable for the six months ended in Mar. 2023 was ₦30,915 Mil. Flour Mills Nigeria's Revenue for the six months ended in Mar. 2023 was ₦1,539,655 Mil. Hence, Flour Mills Nigeria's Days Sales Outstanding for the six months ended in Mar. 2023 was 3.66.

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

NSA:FMNL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.06 Med: 9.08 Max: 19.49
Current: 7.33

During the past 13 years, Flour Mills Nigeria's highest Days Sales Outstanding was 19.49. The lowest was 6.06. And the median was 9.08.

NSA:FMNL's Days Sales Outstanding is ranked better than
93.58% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.185 vs NSA:FMNL: 7.33

Flour Mills Nigeria's Days Sales Outstanding increased from Mar. 2021 (6.06) to Mar. 2023 (7.33).

Flour Mills Nigeria Days Sales Outstanding Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria Days Sales Outstanding Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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9.08

7.57

6.06

6.86

7.33

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Sales Outstanding	Get a 7-Day Free Trial								9.08	7.57	6.06	6.86	7.33

Competitive Comparison of Flour Mills Nigeria's Days Sales Outstanding

For the Packaged Foods subindustry, Flour Mills Nigeria'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.

Flour Mills Nigeria's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Flour Mills Nigeria's Days Sales Outstanding falls into.

Flour Mills Nigeria 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.

Flour Mills Nigeria's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (28907.431	+	32923.499)	/	2 )	/	1539654.788	*	365
=	30915.465					/	1539654.788	*	365
=	7.33

Flour Mills Nigeria's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding (Q: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (28907.431	+	32923.499)	/	2 )	/	1539654.788	*	365 / 2
=	30915.465					/	1539654.788	*	365 / 2
=	3.66

Flour Mills Nigeria (NSA:FMNL) Days Sales Outstanding Explanation

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

Flour Mills Nigeria Days Sales Outstanding Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

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