Fortinet's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1,208 Mil. Fortinet's Revenue for the
three
months ended in Dec. 2023 was $1,415 Mil.
Hence, Fortinet's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 77.89.
The historical rank and industry rank for Fortinet's Days Sales Outstanding or its related term are showing as below:
FTNT'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 74.67 Med: 82.68 Max: 91.64
Current: 80.41
During the past 13 years, Fortinet's highest Days Sales Outstanding was 91.64. The lowest was 74.67. And the median was 82.68.
FTNT's Days Sales Outstanding is ranked worse than 66.31% of 2725
companies
in the Software industry
Industry Median: 62.18
vs FTNT: 80.41
Fortinet's Days Sales Outstanding
declined
from Dec. 2022 (79.12) to Dec. 2023 (77.89).
Fortinet Days Sales Outstanding Historical Data
The historical data trend for Fortinet'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 Fortinet's Days Sales Outstanding
For the Software - Infrastructure subindustry, Fortinet'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.
Fortinet's Days Sales Outstanding Distribution in the Software Industry
For the Software industry and Technology sector, Fortinet's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Fortinet's Days Sales Outstanding falls into.
Fortinet 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.
Fortinet (NAS:FTNT) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Fortinet Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Fortinet's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
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