RM (LSE:RM.) Days Sales Outstanding : 34.58 (As of Nov. 2023)

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What is RM Days Sales Outstanding?

RM's average Accounts Receivable for the six months ended in Nov. 2023 was £20.4 Mil. RM's Revenue for the six months ended in Nov. 2023 was £107.6 Mil. Hence, RM's Days Sales Outstanding for the six months ended in Nov. 2023 was 34.58.

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

LSE:RM.' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.69 Med: 42.74 Max: 60.36
Current: 40.65

During the past 13 years, RM's highest Days Sales Outstanding was 60.36. The lowest was 34.69. And the median was 42.74.

LSE:RM.'s Days Sales Outstanding is ranked better than
76.78% of 2726 companies
in the Software industry
Industry Median: 62.175 vs LSE:RM.: 40.65

RM's Days Sales Outstanding declined from Nov. 2022 (34.91) to Nov. 2023 (34.58).

RM Days Sales Outstanding Historical Data

The historical data trend for RM'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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RM Days Sales Outstanding Chart

RM Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Sales Outstanding

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42.80

60.36

46.98

39.40

42.68

RM Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Sales Outstanding	Get a 7-Day Free Trial															33.42	39.00	34.91	45.87	34.58

Competitive Comparison of RM's Days Sales Outstanding

For the Software - Application subindustry, RM'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.

RM's Days Sales Outstanding Distribution in the Software Industry

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

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

RM 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.

RM's Days Sales Outstanding for the fiscal year that ended in Nov. 2023 is calculated as

	Days Sales Outstanding (A: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (24.441	+	21.207)	/	2 )	/	195.186	*	365
=	22.824					/	195.186	*	365
=	42.68

RM's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding (Q: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (19.573	+	21.207)	/	2 )	/	107.622	*	365 / 2
=	20.39					/	107.622	*	365 / 2
=	34.58

RM (LSE:RM.) Days Sales Outstanding Explanation

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

RM Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of RM's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

RM (LSE:RM.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RM PLC (LSE:RM.) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

RMl:UK RM.GB:UK RMP1:Germany

Address

142B Park Drive, Milton Park, Milton, Abingdon, Oxfordshire, GBR, OX14 4SE

Website

https://www.rmplc.com

RM PLC provides resources, software, and services to the education sector. The company is structured into three operating divisions: RM Resources, RM Assessment, and RM Technology. The RM Resources division consists of the operating business of TTS. TTS provides education resources used in schools through a predominantly direct marketing business model. The RM Assessment business provides IT software and services to exam boards and professional bodies to allow e-assessment. RM Technology division focuses on supplying IT software and services to schools and colleges. Its primary geographic markets are the United Kingdom, Europe, North America, Asia, the Middle East, and the Rest of the world.

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