IAR Systems Group AB (IAR Systems Group AB) Days Sales Outstanding : 48.59 (As of Dec. 2023)

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What is IAR Systems Group AB Days Sales Outstanding?

IAR Systems Group AB's average Accounts Receivable for the three months ended in Dec. 2023 was $6.54 Mil. IAR Systems Group AB's Revenue for the three months ended in Dec. 2023 was $12.27 Mil. Hence, IAR Systems Group AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.59.

The historical rank and industry rank for IAR Systems Group AB's Days Sales Outstanding or its related term are showing as below:

IARGF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.36 Med: 54.28 Max: 61.47
Current: 55.46

During the past 13 years, IAR Systems Group AB's highest Days Sales Outstanding was 61.47. The lowest was 48.36. And the median was 54.28.

IARGF's Days Sales Outstanding is ranked better than
57.7% of 2721 companies
in the Software industry
Industry Median: 62.03 vs IARGF: 55.46

IAR Systems Group AB's Days Sales Outstanding declined from Dec. 2022 (52.70) to Dec. 2023 (48.59).

IAR Systems Group AB Days Sales Outstanding Historical Data

The historical data trend for IAR Systems Group AB'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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IAR Systems Group AB Days Sales Outstanding Chart

IAR Systems Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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59.67

57.77

62.92

58.17

57.30

IAR Systems Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															52.70	57.16	61.01	54.10	48.59

Competitive Comparison of IAR Systems Group AB's Days Sales Outstanding

For the Software - Application subindustry, IAR Systems Group AB'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.

IAR Systems Group AB's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, IAR Systems Group AB's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where IAR Systems Group AB's Days Sales Outstanding falls into.

IAR Systems Group AB 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.

IAR Systems Group AB'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
=	( (6.417	+	7.604)	/	2 )	/	44.66	*	365
=	7.0105					/	44.66	*	365
=	57.30

IAR Systems Group AB'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
=	( (5.467	+	7.604)	/	2 )	/	12.274	*	365 / 4
=	6.5355					/	12.274	*	365 / 4
=	48.59

IAR Systems Group AB (OTCPK:IARGF) Days Sales Outstanding Explanation

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

IAR Systems Group AB Days Sales Outstanding Related Terms

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IAR Systems Group AB (IAR Systems Group AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IAR Systems Group AB (OTCPK:IARGF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

IAR B:Sweden NC91:Germany

Address

Strandbodgatan 1A, Stockholm, SWE, SE-75323

Website

https://www.iar.com

IAR Systems Group AB provides software for the programming processors in embedded systems. The company's customers mainly operate in industrial automation, medical technology, IOT, consumer electronics, and automotive industries that develop products based on 8-, 16, 32-bit processors. Its flagship product is IAR embedded workbench. Geographically, it derives a majority of revenue from the Americas and also has a presence in Asia, EMEA, and the Nordic region.

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