Bytes Technology Group (LSE:BYIT) Days Sales Outstanding : 288.51 (As of Aug. 2023)

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What is Bytes Technology Group Days Sales Outstanding?

Bytes Technology Group's average Accounts Receivable for the six months ended in Aug. 2023 was £171.8 Mil. Bytes Technology Group's Revenue for the six months ended in Aug. 2023 was £108.7 Mil. Hence, Bytes Technology Group's Days Sales Outstanding for the six months ended in Aug. 2023 was 288.51.

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

LSE:BYIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.98 Med: 71.7 Max: 329.84
Current: 311.06

During the past 6 years, Bytes Technology Group's highest Days Sales Outstanding was 329.84. The lowest was 48.98. And the median was 71.70.

LSE:BYIT's Days Sales Outstanding is ranked worse than
95.09% of 2728 companies
in the Software industry
Industry Median: 61.85 vs LSE:BYIT: 311.06

Bytes Technology Group's Days Sales Outstanding declined from Aug. 2022 (313.68) to Aug. 2023 (288.51).

Warning Sign:

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

Bytes Technology Group Days Sales Outstanding Historical Data

The historical data trend for Bytes Technology Group'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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Bytes Technology Group Days Sales Outstanding Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Sales Outstanding

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49.77

61.40

81.99

323.34

329.84

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Sales Outstanding	Get a 7-Day Free Trial						250.54	316.15	313.68	346.36	288.51

Competitive Comparison of Bytes Technology Group's Days Sales Outstanding

For the Software - Infrastructure subindustry, Bytes Technology Group'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.

Bytes Technology Group's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Bytes Technology Group's Days Sales Outstanding falls into.

Bytes Technology Group 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.

Bytes Technology Group's Days Sales Outstanding for the fiscal year that ended in Feb. 2023 is calculated as

	Days Sales Outstanding (A: Feb. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )	/	Revenue (A: Feb. 2023 )	*	Days in Period
=	( (154.928	+	178.386)	/	2 )	/	184.421	*	365
=	166.657					/	184.421	*	365
=	329.84

Bytes Technology Group's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (178.386	+	165.293)	/	2 )	/	108.699	*	365 / 2
=	171.8395					/	108.699	*	365 / 2
=	288.51

Bytes Technology Group (LSE:BYIT) Days Sales Outstanding Explanation

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

Bytes Technology Group Days Sales Outstanding Related Terms

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Bytes Technology Group (LSE:BYIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (LSE:BYIT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

BYI:South Africa BYITl:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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