IRESS (IRSMF) Days Sales Outstanding : 31.30 (As of Dec. 2023)

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What is IRESS Days Sales Outstanding?

IRESS's average Accounts Receivable for the six months ended in Dec. 2023 was $35.64 Mil. IRESS's Revenue for the six months ended in Dec. 2023 was $207.78 Mil. Hence, IRESS's Days Sales Outstanding for the six months ended in Dec. 2023 was 31.30.

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

IRSMF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.34 Med: 26.61 Max: 29.79
Current: 27.43

During the past 13 years, IRESS's highest Days Sales Outstanding was 29.79. The lowest was 18.34. And the median was 26.61.

IRSMF's Days Sales Outstanding is ranked better than
87.45% of 2725 companies
in the Software industry
Industry Median: 61.89 vs IRSMF: 27.43

IRESS's Days Sales Outstanding declined from Dec. 2022 (35.52) to Dec. 2023 (31.30).

IRESS Days Sales Outstanding Historical Data

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

IRESS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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27.81

21.65

20.18

20.78

18.42

IRESS 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															33.11	34.49	35.52	32.75	31.30

Competitive Comparison of IRESS's Days Sales Outstanding

For the Software - Application subindustry, IRESS'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.

IRESS's Days Sales Outstanding Distribution in the Software Industry

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

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

IRESS 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.

IRESS'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
=	( (23.482	+	18.802)	/	2 )	/	418.837	*	365
=	21.142					/	418.837	*	365
=	18.42

IRESS'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
=	( (52.477	+	18.802)	/	2 )	/	207.775	*	365 / 2
=	35.6395					/	207.775	*	365 / 2
=	31.30

IRESS (OTCPK:IRSMF) Days Sales Outstanding Explanation

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

IRESS Days Sales Outstanding Related Terms

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IRESS (IRSMF) Business Description

Industry

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IRE:Australia

Address

385 Bourke Street, Level 16, Melbourne, VIC, AUS, 3000

Website

https://www.iress.com

Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.