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MiX Telematics (MiX Telematics) Days Sales Outstanding : 61.46 (As of Dec. 2023)


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What is MiX Telematics Days Sales Outstanding?

MiX Telematics's average Accounts Receivable for the three months ended in Dec. 2023 was $26.3 Mil. MiX Telematics's Revenue for the three months ended in Dec. 2023 was $39.1 Mil. Hence, MiX Telematics's Days Sales Outstanding for the three months ended in Dec. 2023 was 61.46.

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

MIXT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.69   Med: 55.39   Max: 66.33
Current: 62.2

During the past 13 years, MiX Telematics's highest Days Sales Outstanding was 66.33. The lowest was 48.69. And the median was 55.39.

MIXT's Days Sales Outstanding is not ranked
in the Software industry.
Industry Median: 62.195 vs MIXT: 62.20

MiX Telematics's Days Sales Outstanding declined from Dec. 2022 (63.40) to Dec. 2023 (61.46).


MiX Telematics Days Sales Outstanding Historical Data

The historical data trend for MiX Telematics'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.

MiX Telematics Days Sales Outstanding Chart

MiX Telematics Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.41 56.57 62.37 56.49 62.04

MiX Telematics 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 63.40 63.44 62.91 60.80 61.46

Competitive Comparison of MiX Telematics's Days Sales Outstanding

For the Software - Application subindustry, MiX Telematics'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.


MiX Telematics's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where MiX Telematics's Days Sales Outstanding falls into.



MiX Telematics 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.

MiX Telematics's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

Days Sales Outstanding (A: Mar. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count ) / Revenue (A: Mar. 2023 )*Days in Period
=( (25.092 + 24.194) / 2 ) / 144.993*365
=24.643 / 144.993*365
=62.04

MiX Telematics'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
=( (24.389 + 28.264) / 2 ) / 39.085*365 / 4
=26.3265 / 39.085*365 / 4
=61.46

* 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.


MiX Telematics  (NYSE:MIXT) Days Sales Outstanding Explanation

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


MiX Telematics Days Sales Outstanding Related Terms

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MiX Telematics (MiX Telematics) Business Description

Traded in Other Exchanges
Address
750 Park of Commerce Blvd, Suite 310, Boca Raton, FL, USA, 33487
MiX Telematics Ltd is a mobile asset management solutions company. The company offers fleet and mobile asset management solutions delivered as Software-as-a-Service to customers across the globe. The company solutions include MiX Fleet Manager Premium; MiX Fleet Manager Essential; MiX Asset Manager and other Value Added Services. Geographically, The company derives a majority of its revenue from Africa and also has a presence in the Americas, Middle East and Australasia, Europe, Brazil, and Central Services Organization (CSO). The company derives maximum revenues from subscriptions to its fleet and mobile asset management solutions.
Executives
Robin A Frew director, 10 percent owner P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Catherine J Lewis officer: Executive Vice President P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Gert Pretorius officer: Executive Vice President P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Charles W Tasker director, officer: Chief Operating Officer P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Paul M Dell officer: Group Chief Accounting Officer P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
John Granara director, officer: Vice President and Group CFO A123 SYSTEMS INC. ARSENAL ON THE CHARLES, 321 ARSENAL STREET, WATERTOWN MA 02472
Stefan B Joselowitz director, officer: President and CEO P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Ian Jacobs director 5015 UNDERWOOD AVENUE, OMAHA NE 68132
Masalini Capital Proprietary Ltd 10 percent owner POSTNET SUITE 1, PRIVATE BAA X7, MUIZENBERG T3 7950
Fikile C Futwa director P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Stephen R Bruyns director P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Fundiswa Roji-maplanka director P.O. BOX 12326, VORNA VALLEY, JOHANNESBERG T3 1686
Masalini Trust 10 percent owner POSTNET SUITE 1, PRIVATE BAA X7, MUIZENBERG T3 7950