DMG Blockchain Solutions (DMG Blockchain Solutions) Days Sales Outstanding : 6.03 (As of Mar. 2024)

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What is DMG Blockchain Solutions Days Sales Outstanding?

DMG Blockchain Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was $0.49 Mil. DMG Blockchain Solutions's Revenue for the three months ended in Mar. 2024 was $7.40 Mil. Hence, DMG Blockchain Solutions's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.03.

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

DMGGF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.94 Med: 57.91 Max: 165.64
Current: 15.11

During the past 12 years, DMG Blockchain Solutions's highest Days Sales Outstanding was 165.64. The lowest was 7.94. And the median was 57.91.

DMGGF's Days Sales Outstanding is ranked better than
80.28% of 563 companies
in the Capital Markets industry
Industry Median: 65.71 vs DMGGF: 15.11

DMG Blockchain Solutions's Days Sales Outstanding declined from Mar. 2023 (8.66) to Mar. 2024 (6.03).

DMG Blockchain Solutions Days Sales Outstanding Historical Data

The historical data trend for DMG Blockchain Solutions'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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DMG Blockchain Solutions Days Sales Outstanding Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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71.76

44.84

165.19

41.17

8.00

DMG Blockchain Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															8.66	29.76	39.60	7.96	6.03

Competitive Comparison of DMG Blockchain Solutions's Days Sales Outstanding

For the Capital Markets subindustry, DMG Blockchain Solutions'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.

DMG Blockchain Solutions's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, DMG Blockchain Solutions's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where DMG Blockchain Solutions's Days Sales Outstanding falls into.

DMG Blockchain Solutions 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.

DMG Blockchain Solutions's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.478	+	0.427)	/	2 )	/	20.65	*	365
=	0.4525					/	20.65	*	365
=	8.00

DMG Blockchain Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.833	+	0.145)	/	2 )	/	7.4	*	365 / 4
=	0.489					/	7.4	*	365 / 4
=	6.03

DMG Blockchain Solutions (OTCPK:DMGGF) Days Sales Outstanding Explanation

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

DMG Blockchain Solutions Days Sales Outstanding Related Terms

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DMG Blockchain Solutions (DMG Blockchain Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (OTCPK:DMGGF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

6AX:Germany DMGI:Canada

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.