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MITK (Mitek Systems) Days Sales Outstanding : 72.22 (As of Mar. 2025)


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What is Mitek Systems Days Sales Outstanding?

Mitek Systems's average Accounts Receivable for the three months ended in Mar. 2025 was $41.1 Mil. Mitek Systems's Revenue for the three months ended in Mar. 2025 was $51.9 Mil. Hence, Mitek Systems's Days Sales Outstanding for the three months ended in Mar. 2025 was 72.22.

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: 46.73   Med: 60.62   Max: 85.42
Current: 85.42

During the past 13 years, Mitek Systems's highest Days Sales Outstanding was 85.42. The lowest was 46.73. And the median was 60.62.

MITK's Days Sales Outstanding is ranked worse than
65.51% of 2720 companies
in the Software industry
Industry Median: 65.675 vs MITK: 85.42

Mitek Systems's Days Sales Outstanding declined from Mar. 2024 (84.83) to Mar. 2025 (72.22).


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 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.03 49.08 66.20 71.98 67.68

Mitek Systems Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 84.83 95.02 77.37 78.42 72.22

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.


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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. 2024 is calculated as

Days Sales Outstanding (A: Sep. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Sep. 2024 )) / count ) / Revenue (A: Sep. 2024 )*Days in Period
=( (32.132 + 31.682) / 2 ) / 172.083*365
=31.907 / 172.083*365
=67.68

Mitek Systems's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

Days Sales Outstanding (Q: Mar. 2025 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Mar. 2025 )) / count ) / Revenue (A: Mar. 2025 )*Days in Period
=( (32.348 + 49.85) / 2 ) / 51.929*365 / 4
=41.099 / 51.929*365 / 4
=72.22

* 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.


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 Business Description

Traded in Other Exchanges
Address
770 First Avenue, Suite 425, San Diego, CA, USA, 92101
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 serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company'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
Scott R Carter director 8911 BALBOA AVENUE, SUITE B, SAN DIEGO CA 92123
Kimberly S Stevenson director 199 FREMONT STREET, 7TH FLOOR, SAN FRANCISCO CA 94105
Michael E Diamond other: General Manager 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
Christopher H Briggs other: SVP Identity 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Donna Wells director BOSTON PRIVATE FINANCIAL HOLDINGS, INC., TEN POST OFFICE SQUARE, BOSTON MA 02109
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
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
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