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Grid Dynamics Holdings (Grid Dynamics Holdings) Days Sales Outstanding : 56.34 (As of Dec. 2023)


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What is Grid Dynamics Holdings Days Sales Outstanding?

Grid Dynamics Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $48.2 Mil. Grid Dynamics Holdings's Revenue for the three months ended in Dec. 2023 was $78.1 Mil. Hence, Grid Dynamics Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.34.

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

GDYN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.49   Med: 50.87   Max: 57.26
Current: 57.04

During the past 7 years, Grid Dynamics Holdings's highest Days Sales Outstanding was 57.26. The lowest was 41.49. And the median was 50.87.

GDYN's Days Sales Outstanding is ranked better than
55.98% of 2726 companies
in the Software industry
Industry Median: 62.195 vs GDYN: 57.04

Grid Dynamics Holdings's Days Sales Outstanding increased from Dec. 2022 (55.67) to Dec. 2023 (56.34).


Grid Dynamics Holdings Days Sales Outstanding Historical Data

The historical data trend for Grid Dynamics Holdings'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.

Grid Dynamics Holdings Days Sales Outstanding Chart

Grid Dynamics Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial 41.49 50.48 48.14 51.25 57.26

Grid Dynamics Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.67 56.58 58.85 56.21 56.34

Competitive Comparison of Grid Dynamics Holdings's Days Sales Outstanding

For the Information Technology Services subindustry, Grid Dynamics Holdings'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.


Grid Dynamics Holdings's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Grid Dynamics Holdings's Days Sales Outstanding falls into.



Grid Dynamics Holdings 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.

Grid Dynamics Holdings's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (48.358 + 49.824) / 2 ) / 312.91*365
=49.091 / 312.91*365
=57.26

Grid Dynamics Holdings'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
=( (46.576 + 49.824) / 2 ) / 78.069*365 / 4
=48.2 / 78.069*365 / 4
=56.34

* 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.


Grid Dynamics Holdings  (NAS:GDYN) Days Sales Outstanding Explanation

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


Grid Dynamics Holdings Days Sales Outstanding Related Terms

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Grid Dynamics Holdings (Grid Dynamics Holdings) Business Description

Traded in Other Exchanges
N/A
Address
5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583
Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. Geographically company earns revenue from North America, Europe and other regions.
Executives
Leonard Livschitz director, officer: Chief Executive Officer C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 250, SAN RAMON CA 94583
Anil Doradla officer: Chief Financial Officer C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Patrick Nicolet director C/O GRID DYNAMICS HOLDINGS. INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Lloyd Carney director C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Stan Klimoff officer: VP of Corporate Development C/O GRID DYNAMICS HOLDINGS, INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Eric Benhamou director 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Shuo Zhang director 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Yueou Wang director 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Marina Levinson director C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Vadim Kozyrkov officer: SVP of Engineering C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 520, SAN RAMON CA 94583
Beijing Teamsun Technology Co. Ltd. 10 percent owner ROOM 501, 5/F., NO. 23 BUILDING, 10 E.BLOCK XIBEIWANG E. RD, HAIDIAN DIST, BEIJING F4 0000000
Automated Systems Holdings Ltd 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Teamsun Technology (hk) Ltd 10 percent owner UNIT 907, 9TH FLOOR, TAI YAU BUILDING, 181 JOHNSTON ROAD, WANCHAI K3 00000
Gdd International Holding Co 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Gdb International Investment Ltd 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000