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PRIM (Primoris Services) Days Sales Outstanding : 61.89 (As of Jun. 2024)


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What is Primoris Services Days Sales Outstanding?

Primoris Services's average Accounts Receivable for the three months ended in Jun. 2024 was $1,061 Mil. Primoris Services's Revenue for the three months ended in Jun. 2024 was $1,564 Mil. Hence, Primoris Services's Days Sales Outstanding for the three months ended in Jun. 2024 was 61.89.

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

PRIM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.24   Med: 54.29   Max: 65.67
Current: 65.67

During the past 13 years, Primoris Services's highest Days Sales Outstanding was 65.67. The lowest was 41.24. And the median was 54.29.

PRIM's Days Sales Outstanding is ranked better than
57.13% of 1677 companies
in the Construction industry
Industry Median: 74.17 vs PRIM: 65.67

Primoris Services's Days Sales Outstanding declined from Jun. 2023 (74.35) to Jun. 2024 (61.89).


Primoris Services Days Sales Outstanding Historical Data

The historical data trend for Primoris Services'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.

* Premium members only.

Primoris Services Days Sales Outstanding Chart

Primoris Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.47 54.08 59.74 59.20 55.08

Primoris Services Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.35 71.84 58.64 61.45 61.89

Competitive Comparison of Primoris Services's Days Sales Outstanding

For the Engineering & Construction subindustry, Primoris Services'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.


Primoris Services's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Primoris Services's Days Sales Outstanding falls into.



Primoris Services 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.

Primoris Services'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
=( (837.268 + 887.797) / 2 ) / 5715.309*365
=862.5325 / 5715.309*365
=55.08

Primoris Services's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding (Q: Jun. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2024 ) + Accounts Receivable (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )*Days in Period
=( (1014.82 + 1106.238) / 2 ) / 1563.715*365 / 4
=1060.529 / 1563.715*365 / 4
=61.89

* 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.


Primoris Services  (NYSE:PRIM) Days Sales Outstanding Explanation

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


Primoris Services Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Primoris Services's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.


Primoris Services Business Description

Traded in Other Exchanges
Address
2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201
Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance and others.
Executives
John Schauerman director, officer: Chief Financial Officer, other: Member - see remark 26000 COMMERCENTRE DR., LAKE FOREST CA 92630
John M. Perisich officer: Senior VP and General Counsel, other: Member - see remark 26000 COMMERCENTRE DR., LAKE FOREST CA 92630
David Lee King officer: Chief Operating Officer 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Carla S Mashinski director 8200 S. UNIT DRIVE, TULSA OK 74132
Thomas Edward Mccormick officer: Chief Operating Officer 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Travis L Stricker officer: Chief Accounting Officer 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
Stephen C. Cook director 7500 SAN FELIPE, STE. 600, HOUSTON TX 77063
Moreno John F Jr officer: Chief Operating Officer C/O PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD ST, SUITE 1900, DALLAS TX 75201
Michael E. Ching director C/O PRIMORIS SERVICES CORPORATION, 2300 N FIELD STREET, SUITE 1900, DALLAS TX 75201
Terry D Mccallister director 1100 H ST NW, WASHINGTON DC 20080
Jose Ramon Rodriguez director PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201
Thomas E. Tucker director 3 UPPER NEWPORT PLAZA DRIVE, NEWPORT BEACH CA 92660
Patricia K Wagner director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Kenneth Morris Dodgen officer: Corporate Controller 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Brian Pratt director, 10 percent owner, officer: Chairman, CEO & President, other: Member - see remark 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225