Thinc Collective AB (XSAT:THINC) Days Sales Outstanding : 48.52 (As of Dec. 2023)

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What is Thinc Collective AB Days Sales Outstanding?

Thinc Collective AB's average Accounts Receivable for the three months ended in Dec. 2023 was kr50.0 Mil. Thinc Collective AB's Revenue for the three months ended in Dec. 2023 was kr94.0 Mil. Hence, Thinc Collective AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.52.

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

XSAT:THINC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.77 Med: 55.55 Max: 81.14
Current: 71.96

During the past 7 years, Thinc Collective AB's highest Days Sales Outstanding was 81.14. The lowest was 28.77. And the median was 55.55.

XSAT:THINC's Days Sales Outstanding is ranked worse than
59.66% of 2734 companies
in the Software industry
Industry Median: 61.68 vs XSAT:THINC: 71.96

Thinc Collective AB's Days Sales Outstanding declined from Sep. 2022 (50.35) to Dec. 2023 (48.52).

Thinc Collective AB Days Sales Outstanding Historical Data

The historical data trend for Thinc Collective 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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Thinc Collective AB Days Sales Outstanding Chart

Thinc Collective AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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28.77

30.03

67.25

46.32

55.55

Thinc Collective AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															50.35	32.65	52.49	64.28	48.52

Competitive Comparison of Thinc Collective AB's Days Sales Outstanding

For the Software - Application subindustry, Thinc Collective 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.

Thinc Collective AB's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Thinc Collective AB's Days Sales Outstanding falls into.

Thinc Collective 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.

Thinc Collective 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
=	( (44.256	+	46.728)	/	2 )	/	298.921	*	365
=	45.492					/	298.921	*	365
=	55.55

Thinc Collective AB'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (53.182	+	46.728)	/	2 )	/	93.951	*	365 / 4
=	49.955					/	93.951	*	365 / 4
=	48.52

Thinc Collective AB (XSAT:THINC) Days Sales Outstanding Explanation

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

Thinc Collective AB Days Sales Outstanding Related Terms

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Thinc Collective AB (XSAT:THINC) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Södra Hamngatan 35, Gothenburg, SWE, 411 10

Website

https://www.thinccollective.se

Thinc Collective AB is a Swedish software as a service company that develops event management systems. The group offers a group of companies within systems, communication and structure. The companies thinks up and implements ideas for its customers. Its areas of expertise range from data, analysis, technology development, SaaS systems for communication, media, PR, brand experience and financial information. The group targets customers regardless of industry with a need for coherent communication. Thinc Collective operates within the Nordic region.

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