Ignite (ASX:IGN) Days Sales Outstanding : 25.36 (As of Dec. 2023)

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What is Ignite Days Sales Outstanding?

Ignite's average Accounts Receivable for the six months ended in Dec. 2023 was A$7.0 Mil. Ignite's Revenue for the six months ended in Dec. 2023 was A$50.2 Mil. Hence, Ignite's Days Sales Outstanding for the six months ended in Dec. 2023 was 25.36.

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

ASX:IGN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.96 Med: 44.56 Max: 80.03
Current: 29.69

During the past 13 years, Ignite's highest Days Sales Outstanding was 80.03. The lowest was 21.96. And the median was 44.56.

ASX:IGN's Days Sales Outstanding is ranked better than
85.25% of 1037 companies
in the Business Services industry
Industry Median: 58.72 vs ASX:IGN: 29.69

Ignite's Days Sales Outstanding declined from Dec. 2022 (29.48) to Dec. 2023 (25.36).

Ignite Days Sales Outstanding Historical Data

The historical data trend for Ignite'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.

Ignite Days Sales Outstanding Chart

Ignite Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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38.24

31.09

25.14

24.41

21.96

Ignite Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															30.13	30.71	29.48	29.05	25.36

Competitive Comparison of Ignite's Days Sales Outstanding

For the Staffing & Employment Services subindustry, Ignite'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.

Ignite's Days Sales Outstanding Distribution in the Business Services Industry

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

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

Ignite 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.

Ignite's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (7.343	+	5.48)	/	2 )	/	106.585	*	365
=	6.4115					/	106.585	*	365
=	21.96

Ignite'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (5.48	+	8.485)	/	2 )	/	50.241	*	365 / 2
=	6.9825					/	50.241	*	365 / 2
=	25.36

Ignite (ASX:IGN) Days Sales Outstanding Explanation

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

Ignite Days Sales Outstanding Related Terms

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Ignite (ASX:IGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ignite Ltd (ASX:IGN) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

161 Castlereagh Street, Level 26, Office 110, Sydney, NSW, AUS, 2000

Website

https://www.igniteco.com

Ignite Ltd is a professional employment services provider, specializing in permanent, contract and temporary placements across all levels of seniority. The company segments include Specialist Recruitment, On Demand IT Services and Technology and Talent Solutions in Australia and New Zealand. The company generates maximum revenue from Specialist Recruitment.