Mitek Systems (Mitek Systems) Days Sales Outstanding : 83.30 (As of Dec. 2023)

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What is Mitek Systems Days Sales Outstanding?

Mitek Systems's average Accounts Receivable for the three months ended in Dec. 2023 was $33.7 Mil. Mitek Systems's Revenue for the three months ended in Dec. 2023 was $36.9 Mil. Hence, Mitek Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 83.30.

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

MITK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.41 Med: 52.31 Max: 75.44
Current: 75.44

During the past 13 years, Mitek Systems's highest Days Sales Outstanding was 75.44. The lowest was 42.41. And the median was 52.31.

MITK's Days Sales Outstanding is ranked worse than
62% of 2726 companies
in the Software industry
Industry Median: 62.175 vs MITK: 75.44

Mitek Systems's Days Sales Outstanding increased from Dec. 2022 (64.07) to Dec. 2023 (83.30).

Mitek Systems Days Sales Outstanding Historical Data

The historical data trend for Mitek Systems'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.

Mitek Systems Days Sales Outstanding Chart

Mitek Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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68.52

55.03

49.08

66.20

71.98

Mitek Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															64.07	63.53	77.94	84.51	83.30

Competitive Comparison of Mitek Systems's Days Sales Outstanding

For the Software - Application subindustry, Mitek Systems'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.

Mitek Systems's Days Sales Outstanding Distribution in the Software Industry

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

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

Mitek Systems 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.

Mitek Systems's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (35.922	+	32.132)	/	2 )	/	172.552	*	365
=	34.027					/	172.552	*	365
=	71.98

Mitek Systems'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
=	( (32.132	+	35.267)	/	2 )	/	36.917	*	365 / 4
=	33.6995					/	36.917	*	365 / 4
=	83.30

Mitek Systems (NAS:MITK) Days Sales Outstanding Explanation

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

Mitek Systems Days Sales Outstanding Related Terms

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Mitek Systems (Mitek Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mitek Systems Inc (NAS:MITK) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MKQ:Germany MKQ:Germany

Address

600 B Street, Suite 100, San Diego, CA, USA, 92101

Website

https://www.miteksystems.com

Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.

Executives

Christopher H Briggs	other: SVP Identity	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Michael E Diamond	other: General Manager	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Scipio Maximus Carnecchia	director, officer: CEO & Director	C/O MITEK SYSTEMS, INC., 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Fuad Ahmad	officer: Interim CFO	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Frank Teruel	officer: CFO	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Stephen Ritter	officer: Chief Technology Officer	600 B STREET SUITE 100, SAN DIEGO CA 92101
Jason Gray	officer: GC, Secretary & Admin Officer	600 B STREET SUITE 100, SAN DIEGO CA 92101
Scott Adam Marcus	officer: General Counsel	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Rahul Gupta	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Susan Repo	director	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Scott R Carter	director	8911 BALBOA AVENUE, SUITE B, SAN DIEGO CA 92123
William K Aulet	director	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Jeffrey C Davison	officer: Chief Financial Officer	600 B STREET, SUITE 100, SAN DIEGO CA 92101
Jane J. Thompson	director	628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Alex W Hart	director	600 B STREET, SUITE 100, SAN DIEGO CA 92101