HUB24 (ASX:HUB) Days Sales Outstanding : 37.67 (As of Dec. 2023)

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What is HUB24 Days Sales Outstanding?

HUB24's average Accounts Receivable for the six months ended in Dec. 2023 was A$32.0 Mil. HUB24's Revenue for the six months ended in Dec. 2023 was A$154.8 Mil. Hence, HUB24's Days Sales Outstanding for the six months ended in Dec. 2023 was 37.67.

The historical rank and industry rank for HUB24's Days Sales Outstanding or its related term are showing as below:

ASX:HUB' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.78 Med: 24.35 Max: 42.03
Current: 39.43

During the past 13 years, HUB24's highest Days Sales Outstanding was 42.03. The lowest was 12.78. And the median was 24.35.

ASX:HUB's Days Sales Outstanding is ranked better than
61.65% of 558 companies
in the Capital Markets industry
Industry Median: 62.115 vs ASX:HUB: 39.43

HUB24's Days Sales Outstanding increased from Dec. 2022 (37.31) to Dec. 2023 (37.67).

HUB24 Days Sales Outstanding Historical Data

The historical data trend for HUB24'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.

* Premium members only.

HUB24 Days Sales Outstanding Chart

HUB24 Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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24.02

29.05

42.03

37.40

35.21

HUB24 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															44.42	40.16	37.31	39.75	37.67

Competitive Comparison of HUB24's Days Sales Outstanding

For the Capital Markets subindustry, HUB24'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.

HUB24's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HUB24's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where HUB24's Days Sales Outstanding falls into.

HUB24 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.

HUB24'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
=	( (23.925	+	29.384)	/	2 )	/	276.307	*	365
=	26.6545					/	276.307	*	365
=	35.21

HUB24'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
=	( (29.384	+	34.528)	/	2 )	/	154.802	*	365 / 2
=	31.956					/	154.802	*	365 / 2
=	37.67

HUB24 (ASX:HUB) Days Sales Outstanding Explanation

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

HUB24 Days Sales Outstanding Related Terms

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HUB24 (ASX:HUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HUB24 Ltd (ASX:HUB) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Macquarie Place, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.hub24.com.au

Hub24 is a diversified financial services business. The firm's core platform segment engages in the development and provision of custodial and noncustodial administration services to financial advisers, stockbrokers, accountants, and their clients. The tech solutions segment provides a range of technology and data services, as well as cloud-based software. Hub24 serves individuals, companies, trusts, associations, or self-managed superannuation funds. The firm has 6.3% share of the Australian platform market, in contrast to the largest five providers with an average market share of 14.5% each.

HUB24 (ASX:HUB) Headlines

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