Socket Mobile (Socket Mobile) Days Sales Outstanding

: 33.82 (As of Dec. 2023)

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Socket Mobile's average Accounts Receivable for the three months ended in Dec. 2023 was $1.63 Mil. Socket Mobile's Revenue for the three months ended in Dec. 2023 was $4.40 Mil. Hence, Socket Mobile's Days Sales Outstanding for the three months ended in Dec. 2023 was 33.82.

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

SCKT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.65 Med: 46.3 Max: 57.54
Current: 49.78

During the past 13 years, Socket Mobile's highest Days Sales Outstanding was 57.54. The lowest was 35.65. And the median was 46.30.

SCKT's Days Sales Outstanding is ranked better than
78.53% of 2455 companies
in the Hardware industry
Industry Median: 75.24 vs SCKT: 49.78

Socket Mobile's Days Sales Outstanding declined from Dec. 2022 (39.46) to Dec. 2023 (33.82).

Socket Mobile Days Sales Outstanding Historical Data

The historical data trend for Socket Mobile'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.

Socket Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

49.33

57.54

36.89

44.99

46.71

Socket Mobile 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																39.46	54.54	50.78	67.74	33.82

Competitive Comparison

For the Computer Hardware subindustry, Socket Mobile'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.

Socket Mobile Days Sales Outstanding Distribution

For the Hardware industry and Technology sector, Socket Mobile's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Socket Mobile's Days Sales Outstanding falls into.

Socket Mobile 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.

Socket Mobile'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
=	( (2.66	+	1.7)	/	2 )	/	17.034	*	365
=	2.18					/	17.034	*	365
=	46.71

Socket Mobile'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
=	( (1.56	+	1.7)	/	2 )	/	4.398	*	365 / 4
=	1.63					/	4.398	*	365 / 4
=	33.82

Socket Mobile (NAS:SCKT) Days Sales Outstanding Explanation

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

Socket Mobile Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Socket Mobile's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Socket Mobile (Socket Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Socket Mobile Inc (NAS:SCKT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SNB1:Germany

Address

40675 Encyclopedia Circle, Fremont, CA, USA, 94538

Website

https://www.socketmobile.com

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the United States, Europe, Asia, and the rest of the world, out of which the majority of the revenue is generated from the United States.

Executives

Kevin J Mills	director, officer: President and CEO	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Charlie Bass	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Giacomo Marini	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Laura Weinstein	director	40675 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Leonard L Ott	officer: Chief Technical Officer	37400 CENTRAL COURT, NEWARK CA 94560
David A. Holmes	officer: Chief Business Officer	39700 EUREKA DRIVE, NEWARK CA 94560
Lynn Zhao	officer: Vice President and Controller	39700 EUREKA DRIVE, NEWARK CA 94560
David W Dunlap	officer: CFO	37400 CENTRAL COURT, NEWARK CA 94560
Ivan Lazarev	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Parnell William L. Jr	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Nelson C Chan	director	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Brenton Earl Macdonald	director	39700 EUREKA DRIVE, NEWARK CA 94560
James Lopez	officer: VP Marketing & Business Dev.	39700 EUREKA DRIVE, NEWARK CA 94560
Erik L. Fidel	director	39700 EUREKA DRIVE, NEWARK CA 94560
Kevin R Jost	director	10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042