Scandinavian Medical Solutions AS (OCSE:SMSMED) Days Sales Outstanding : 28.01 (As of Sep. 2023)

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What is Scandinavian Medical Solutions AS Days Sales Outstanding?

Scandinavian Medical Solutions AS's average Accounts Receivable for the six months ended in Sep. 2023 was kr14.6 Mil. Scandinavian Medical Solutions AS's Revenue for the six months ended in Sep. 2023 was kr95.0 Mil. Hence, Scandinavian Medical Solutions AS's Days Sales Outstanding for the six months ended in Sep. 2023 was 28.01.

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

OCSE:SMSMED' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.9 Med: 18.37 Max: 25.4
Current: 22.96

During the past 5 years, Scandinavian Medical Solutions AS's highest Days Sales Outstanding was 25.40. The lowest was 7.90. And the median was 18.37.

OCSE:SMSMED's Days Sales Outstanding is ranked better than
94.05% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.19 vs OCSE:SMSMED: 22.96

Scandinavian Medical Solutions AS's Days Sales Outstanding increased from Sep. 2022 (14.89) to Sep. 2023 (28.01).

Scandinavian Medical Solutions AS Days Sales Outstanding Historical Data

The historical data trend for Scandinavian Medical Solutions 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.

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Scandinavian Medical Solutions AS Days Sales Outstanding Chart

Scandinavian Medical Solutions AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

25.40

18.37

7.90

13.18

20.91

Scandinavian Medical Solutions AS Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial			12.22	6.45	14.89	20.01	28.01

Competitive Comparison of Scandinavian Medical Solutions AS's Days Sales Outstanding

For the Medical Devices subindustry, Scandinavian Medical Solutions 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.

Scandinavian Medical Solutions AS's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Scandinavian Medical Solutions AS's Days Sales Outstanding falls into.

Scandinavian Medical Solutions 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.

Scandinavian Medical Solutions AS'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
=	( (6.932	+	14.969)	/	2 )	/	191.192	*	365
=	10.9505					/	191.192	*	365
=	20.91

Scandinavian Medical Solutions 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: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (14.173	+	14.969)	/	2 )	/	94.952	*	365 / 2
=	14.571					/	94.952	*	365 / 2
=	28.01

Scandinavian Medical Solutions AS (OCSE:SMSMED) Days Sales Outstanding Explanation

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

Scandinavian Medical Solutions AS Days Sales Outstanding Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

K41:Germany

Address

Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000

Website

https://www.scandinavian-medical.com

Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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