Euroafrica Digital Ventures AB (OSTO:EURA) Days Sales Outstanding : 35.73 (As of Mar. 2024)

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What is Euroafrica Digital Ventures AB Days Sales Outstanding?

Euroafrica Digital Ventures AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr1.97 Mil. Euroafrica Digital Ventures AB's Revenue for the three months ended in Mar. 2024 was kr5.03 Mil. Hence, Euroafrica Digital Ventures AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 35.73.

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

OSTO:EURA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.33 Med: 51.47 Max: 70.76
Current: 70.76

During the past 5 years, Euroafrica Digital Ventures AB's highest Days Sales Outstanding was 70.76. The lowest was 39.33. And the median was 51.47.

OSTO:EURA's Days Sales Outstanding is ranked worse than
58.75% of 2732 companies
in the Software industry
Industry Median: 61.675 vs OSTO:EURA: 70.76

Euroafrica Digital Ventures AB's Days Sales Outstanding declined from Dec. 2022 (48.76) to Mar. 2024 (35.73).

Euroafrica Digital Ventures AB Days Sales Outstanding Historical Data

The historical data trend for Euroafrica Digital Ventures AB'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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Euroafrica Digital Ventures AB Days Sales Outstanding Chart

Euroafrica Digital Ventures AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

62.57

51.36

39.33

51.57

Euroafrica Digital Ventures AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial									48.76	53.08	34.98	-	35.73

Competitive Comparison of Euroafrica Digital Ventures AB's Days Sales Outstanding

For the Information Technology Services subindustry, Euroafrica Digital Ventures AB'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.

Euroafrica Digital Ventures AB's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Euroafrica Digital Ventures AB's Days Sales Outstanding falls into.

Euroafrica Digital Ventures AB 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.

Euroafrica Digital Ventures AB'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
=	( (2.917	+	2.357)	/	2 )	/	18.663	*	365
=	2.637					/	18.663	*	365
=	51.57

Euroafrica Digital Ventures AB'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
=	( (2.357	+	1.585)	/	2 )	/	5.034	*	365 / 4
=	1.971					/	5.034	*	365 / 4
=	35.73

Euroafrica Digital Ventures AB (OSTO:EURA) Days Sales Outstanding Explanation

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

Euroafrica Digital Ventures AB Days Sales Outstanding Related Terms

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Euroafrica Digital Ventures AB (OSTO:EURA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Euroafrica Digital Ventures AB (OSTO:EURA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Brahegatan 29, Stockholm, SWE, 114 37

Website

https://www.euroafricadigitalventures.com

Euroafrica Digital Ventures AB is a tech hub for digital services and platforms. The company owns and operates services and platforms for both Business to Business and Business to Consumer in fastest growing markets. The company's business concept is to identify functioning digital business models in a mature market such as Sweden and establish it in fast and less developed growth markets such as East Africa.

Euroafrica Digital Ventures AB (OSTO:EURA) Headlines

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