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Mitek Systems Days Sales Outstanding

: 46.50 (As of Sep. 2020)
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Mitek Systems's Accounts Receivable for the three months ended in Sep. 2020 was $15.6 Mil. Mitek Systems's Revenue for the three months ended in Sep. 2020 was $30.6 Mil. Hence, Mitek Systems's days sales outstanding for the three months ended in Sep. 2020 was 46.50.

NAS:MITK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.86   Med: 56.49   Max: 105.1
Current: 56.25
36.86
105.1

During the past 13 years, Mitek Systems's highest Days Sales Outstanding was 105.10. The lowest was 36.86. And the median was 56.49.

NAS:MITK's Days Sales Outstanding is ranked higher than
56% of the 2214 Companies
in the Software industry.

( Industry Median: 61.91 vs. NAS:MITK: 56.25 )

Mitek Systems's days sales outstanding declined from Sep. 2019 (54.48) to Sep. 2020 (46.50).

Mitek Systems Days Sales Outstanding Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Mitek Systems Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Days Sales Outstanding Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.06 57.09 96.60 64.46 56.25

Mitek Systems Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Days Sales Outstanding 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 Premium Member Only Premium Member Only Premium Member Only 54.48 53.24 54.01 46.47 46.50
Competitive Comparison
* 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.

Mitek Systems Days Sales Outstanding Distribution

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


Mitek Systems Days Sales Outstanding Calculation

Days sales outstanding measures of 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. 2020 is calculated as

Days Sales Outstanding=Accounts Receivable/Revenue*Days in Period
=15.612/101.31*365
=56.25

Mitek Systems's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

Days Sales Outstanding=Accounts Receivable/Revenue*Days in Period
=15.612/30.638*365 / 4
=46.50

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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

Mitek Systems Days Sales Outstanding Headlines

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