ADN (Advent Technologies Holdings) Days Sales Outstanding : 31.02 (As of Dec. 2023)

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What is Advent Technologies Holdings Days Sales Outstanding?

Advent Technologies Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $0.51 Mil. Advent Technologies Holdings's Revenue for the three months ended in Dec. 2023 was $1.51 Mil. Hence, Advent Technologies Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.02.

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

ADN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.94 Med: 93.91 Max: 174.03
Current: 53.87

During the past 5 years, Advent Technologies Holdings's highest Days Sales Outstanding was 174.03. The lowest was 43.94. And the median was 93.91.

ADN's Days Sales Outstanding is ranked better than
57.91% of 411 companies
in the Utilities - Independent Power Producers industry
Industry Median: 63.98 vs ADN: 53.87

Advent Technologies Holdings's Days Sales Outstanding declined from Dec. 2022 (69.15) to Dec. 2023 (31.02).

Advent Technologies Holdings Days Sales Outstanding Historical Data

The historical data trend for Advent Technologies Holdings'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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Advent Technologies Holdings Days Sales Outstanding Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

174.03

91.91

95.90

43.94

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											69.15	72.01	64.95	66.89	31.02

Competitive Comparison of Advent Technologies Holdings's Days Sales Outstanding

For the Utilities - Renewable subindustry, Advent Technologies Holdings'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.

Advent Technologies Holdings's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Advent Technologies Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Advent Technologies Holdings's Days Sales Outstanding falls into.

Advent Technologies Holdings 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.

Advent Technologies Holdings'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
=	( (0.979	+	0.191)	/	2 )	/	4.859	*	365
=	0.585					/	4.859	*	365
=	43.94

Advent Technologies Holdings'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
=	( (0.833	+	0.191)	/	2 )	/	1.506	*	365 / 4
=	0.512					/	1.506	*	365 / 4
=	31.02

Advent Technologies Holdings (NAS:ADN) Days Sales Outstanding Explanation

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

Advent Technologies Holdings Days Sales Outstanding Related Terms

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Advent Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.

Executives

Vassilios Gregoriou	director, 10 percent owner, officer: Chairman and CEO	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Kevin L. Brackman	officer: Chief Financial Officer	1293 SOUTH MAIN STREET, AKRON OH 44301
James F. Coffey	officer: COO and General Counsel	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
De Castro Emory Sayre	director, officer: Chief Technology Officer	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Von Mcconnell	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Panoraia Gourdoupi	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Wayne Threatt	director	200 CLARENDON STREET, BOSTON MA 02116
Lawrence Epstein	director	1200 CLARENDON STREET, BOSTON MA 02116
Clark Lawrence M Jr	director	C/O PAUL,WEISS,RIFKIND,WHARTON &, GARRISON LLP,1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019-6064
Anggelos Skutaris	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katherine E. Fleming	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katrina Fritz	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Christos Kaskavelis	officer: Chief Marketing Officer	SYNTAGMATARCHOU DAVAKI 1, FILOTHEI J3 15237
John Hunter William	director, officer: President and CFO	930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116