NIC's average Accounts Receivable for the
three
months ended in Dec. 2020 was $147.3 Mil. NIC's Revenue for the
three
months ended in Dec. 2020 was $141.2 Mil.
Hence, NIC's Days Sales Outstanding for the
three
months ended in Dec. 2020 was 95.20.
The historical rank and industry rank for NIC's Days Sales Outstanding or its related term are showing as below:
EGOV'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 73.97 Med: 91.49 Max: 101.23
Current: 93.27
During the past 13 years, NIC's highest Days Sales Outstanding was 101.23. The lowest was 73.97. And the median was 91.49.
EGOV's Days Sales Outstanding is not ranked
in the Software industry.
Industry Median: 61.89
vs EGOV: 93.27
NIC's Days Sales Outstanding
declined
from Dec. 2019 (100.33) to Dec. 2020 (95.20).
NIC Days Sales Outstanding Historical Data
The historical data trend for NIC'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.
Competitive Comparison of NIC's Days Sales Outstanding
For the Software - Application subindustry, NIC'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.
NIC's Days Sales Outstanding Distribution in the Software Industry
For the Software industry and Technology sector, NIC's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where NIC's Days Sales Outstanding falls into.
NIC 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.
* 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.
NIC (NAS:EGOV) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
NIC Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of NIC's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
NIC Inc is a leading provider of digital government services that help governments use technology to provide a higher level of service to businesses and citizens and increase efficiencies. The company has two operating channels: state enterprise businesses and software and services businesses. In State enterprise businesses, the company enters into long-term contracts with state and local governments to design, build and operate Internet-based, enterprise-wide portals on their behalf, the software and services businesses provide software development and payment processing services, other than outsourced portal services, to state and local governments as well as federal agencies. It generates a majority of its revenue from the State Enterprise.
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