ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Days Sales Outstanding : 178.36 (As of Sep. 2023)

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What is ARD Grup Bilisim Teknolojileri AS Days Sales Outstanding?

ARD Grup Bilisim Teknolojileri AS's average Accounts Receivable for the three months ended in Sep. 2023 was ₺622.2 Mil. ARD Grup Bilisim Teknolojileri AS's Revenue for the three months ended in Sep. 2023 was ₺318.3 Mil. Hence, ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding for the three months ended in Sep. 2023 was 178.36.

The historical rank and industry rank for ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding or its related term are showing as below:

IST:ARDYZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 88.7 Med: 150.74 Max: 213.08
Current: 200.85

During the past 7 years, ARD Grup Bilisim Teknolojileri AS's highest Days Sales Outstanding was 213.08. The lowest was 88.70. And the median was 150.74.

IST:ARDYZ's Days Sales Outstanding is ranked worse than
90.18% of 2729 companies
in the Software industry
Industry Median: 61.68 vs IST:ARDYZ: 200.85

ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding declined from Sep. 2022 (199.04) to Sep. 2023 (178.36).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

ARD Grup Bilisim Teknolojileri AS Days Sales Outstanding Historical Data

The historical data trend for ARD Grup Bilisim Teknolojileri AS'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.

ARD Grup Bilisim Teknolojileri AS Days Sales Outstanding Chart

ARD Grup Bilisim Teknolojileri AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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120.19

211.83

150.74

117.19

190.00

ARD Grup Bilisim Teknolojileri AS 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															199.04	108.25	469.27	267.49	178.36

Competitive Comparison of ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding

For the Software - Infrastructure subindustry, ARD Grup Bilisim Teknolojileri AS'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.

ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding falls into.

ARD Grup Bilisim Teknolojileri AS 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.

ARD Grup Bilisim Teknolojileri AS'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
=	( (116.088	+	462.065)	/	2 )	/	555.321	*	365
=	289.0765					/	555.321	*	365
=	190.00

ARD Grup Bilisim Teknolojileri AS'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
=	( (528.811	+	715.585)	/	2 )	/	318.312	*	365 / 4
=	622.198					/	318.312	*	365 / 4
=	178.36

ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Days Sales Outstanding Explanation

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

ARD Grup Bilisim Teknolojileri AS Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of ARD Grup Bilisim Teknolojileri AS's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hacettepe Unit. Technocity 1. R&D No: 20, Ankara, TUR, 06800

Website

https://www.ardinformatics.com.tr

ARD Grup Bilisim Teknolojileri AS is engaged in software development. It offers architecture solutions, software development, enterprise software solutions, cloud solutions, cybersecurity software.

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