Dayforce (FRA:CQL) Days Sales Outstanding : 49.65 (As of Mar. 2024)

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What is Dayforce Days Sales Outstanding?

Dayforce's average Accounts Receivable for the three months ended in Mar. 2024 was €216 Mil. Dayforce's Revenue for the three months ended in Mar. 2024 was €397 Mil. Hence, Dayforce's Days Sales Outstanding for the three months ended in Mar. 2024 was 49.65.

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

FRA:CQL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.63 Med: 38.93 Max: 51.75
Current: 51.75

During the past 9 years, Dayforce's highest Days Sales Outstanding was 51.75. The lowest was 30.63. And the median was 38.93.

FRA:CQL's Days Sales Outstanding is ranked better than
62.23% of 2732 companies
in the Software industry
Industry Median: 61.815 vs FRA:CQL: 51.75

Dayforce's Days Sales Outstanding increased from Mar. 2023 (42.98) to Mar. 2024 (49.65).

Dayforce Days Sales Outstanding Historical Data

The historical data trend for Dayforce'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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Dayforce Days Sales Outstanding Chart

Dayforce Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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30.30

38.55

38.96

38.83

39.15

Dayforce 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															42.98	51.42	53.00	47.82	49.65

Competitive Comparison of Dayforce's Days Sales Outstanding

For the Software - Application subindustry, Dayforce'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.

Dayforce's Days Sales Outstanding Distribution in the Software Industry

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

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

Dayforce 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.

Dayforce'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
=	( (134.992	+	162.767)	/	2 )	/	1388.063	*	365
=	148.8795					/	1388.063	*	365
=	39.15

Dayforce'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
=	( (162.767	+	269.192)	/	2 )	/	396.98	*	365 / 4
=	215.9795					/	396.98	*	365 / 4
=	49.65

Dayforce (FRA:CQL) Days Sales Outstanding Explanation

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

Dayforce Days Sales Outstanding Related Terms

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Dayforce (FRA:CQL) Business Description

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3311 East Old Shakopee Road, Minneapolis, MN, USA, 55425

Website

https://www.ceridian.com

Ceridian HCM provides payroll and human capital management solutions targeting clients with 100-100,000 employees. Following the 2012 acquisition of Dayforce, Ceridian pivoted away from its legacy on-premises Bureau business to become a cloud HCM provider. As of fiscal 2022, about 80% of group revenue was derived from the flagship Dayforce platform geared toward enterprise clients. The remaining revenue is about evenly split between cloud platform Powerpay, targeting small businesses in Canada, and legacy Bureau products.

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