NTG Clarity Networks (TSXV:NCI) Days Sales Outstanding : 66.89 (As of Sep. 2023)

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What is NTG Clarity Networks Days Sales Outstanding?

NTG Clarity Networks's average Accounts Receivable for the three months ended in Sep. 2023 was C$5.13 Mil. NTG Clarity Networks's Revenue for the three months ended in Sep. 2023 was C$7.00 Mil. Hence, NTG Clarity Networks's Days Sales Outstanding for the three months ended in Sep. 2023 was 66.89.

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

TSXV:NCI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 59.66 Med: 89.68 Max: 226.54
Current: 59.66

During the past 13 years, NTG Clarity Networks's highest Days Sales Outstanding was 226.54. The lowest was 59.66. And the median was 89.68.

TSXV:NCI's Days Sales Outstanding is ranked better than
52.66% of 2725 companies
in the Software industry
Industry Median: 61.9 vs TSXV:NCI: 59.66

NTG Clarity Networks's Days Sales Outstanding increased from Sep. 2022 (49.78) to Sep. 2023 (66.89).

NTG Clarity Networks Days Sales Outstanding Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks Days Sales Outstanding Chart

NTG Clarity Networks Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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84.08

95.27

74.97

68.18

63.70

NTG Clarity Networks Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															49.78	44.68	58.86	69.31	66.89

Competitive Comparison of NTG Clarity Networks's Days Sales Outstanding

For the Software - Application subindustry, NTG Clarity Networks'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.

NTG Clarity Networks's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, NTG Clarity Networks's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where NTG Clarity Networks's Days Sales Outstanding falls into.

NTG Clarity Networks 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.

NTG Clarity Networks'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
=	( (2.998	+	3.163)	/	2 )	/	17.652	*	365
=	3.0805					/	17.652	*	365
=	63.70

NTG Clarity Networks's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (4.939	+	5.33)	/	2 )	/	7.004	*	365 / 4
=	5.1345					/	7.004	*	365 / 4
=	66.89

NTG Clarity Networks (TSXV:NCI) Days Sales Outstanding Explanation

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

NTG Clarity Networks Days Sales Outstanding Related Terms

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NTG Clarity Networks (TSXV:NCI) Business Description

Industry

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NYWKF:USA

Address

2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9

Website

https://www.ntgclarity.com

NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.

NTG Clarity Networks (TSXV:NCI) Headlines

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