Harris Technology Group (ASX:HT8) Days Sales Outstanding : 29.89 (As of Dec. 2023)

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What is Harris Technology Group Days Sales Outstanding?

Harris Technology Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.45 Mil. Harris Technology Group's Revenue for the six months ended in Dec. 2023 was A$8.83 Mil. Hence, Harris Technology Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 29.89.

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

ASX:HT8' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.26 Med: 22.09 Max: 108.06
Current: 35.42

During the past 13 years, Harris Technology Group's highest Days Sales Outstanding was 108.06. The lowest was 5.26. And the median was 22.09.

ASX:HT8's Days Sales Outstanding is ranked worse than
69.81% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 17.665 vs ASX:HT8: 35.42

Harris Technology Group's Days Sales Outstanding increased from Dec. 2022 (27.87) to Dec. 2023 (29.89).

Harris Technology Group Days Sales Outstanding Historical Data

The historical data trend for Harris 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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Harris Technology Group Days Sales Outstanding Chart

Harris Technology Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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108.06

22.06

18.21

20.39

29.67

Harris Technology Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															22.04	25.86	27.87	38.65	29.89

Competitive Comparison of Harris Technology Group's Days Sales Outstanding

For the Internet Retail subindustry, Harris 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.

Harris Technology Group's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harris Technology Group's Days Sales Outstanding distribution charts can be found below:

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

Harris 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.

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

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (2.441	+	1.491)	/	2 )	/	24.186	*	365
=	1.966					/	24.186	*	365
=	29.67

Harris Technology Group'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1.491	+	1.4)	/	2 )	/	8.826	*	365 / 2
=	1.4455					/	8.826	*	365 / 2
=	29.89

Harris Technology Group (ASX:HT8) Days Sales Outstanding Explanation

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

Harris Technology Group Days Sales Outstanding Related Terms

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Harris Technology Group (ASX:HT8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Harris Technology Group Ltd (ASX:HT8) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Abbott Road, Hallam, Melbourne, VIC, AUS, 3803

Website

https://www.ht8.com.au

Harris Technology Group Ltd is engaged in technology distribution and online retailing businesses. The company engages in the online retail of IT products. It also imports and distributes computer accessories comprising peripherals and accessories to resellers and retailers; and distributed audio, video, and multimedia accessories to channel distributors, dealers, and retail chain stores. With E-Commerce systems developed, Harris Technology has the ability to rapidly list a large variety of products across multiple marketplaces efficiently with multiple images, product specifications and item descriptions. Geographically, it operates in Australia.

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