OneConnect Financial Technology Co (OneConnect Financial Technology Co) Days Sales Outstanding : 91.13 (As of Dec. 2023)

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What is OneConnect Financial Technology Co Days Sales Outstanding?

OneConnect Financial Technology Co's average Accounts Receivable for the three months ended in Dec. 2023 was $129.3 Mil. OneConnect Financial Technology Co's Revenue for the three months ended in Dec. 2023 was $129.5 Mil. Hence, OneConnect Financial Technology Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 91.13.

The historical rank and industry rank for OneConnect Financial Technology Co's Days Sales Outstanding or its related term are showing as below:

OCFT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.14 Med: 77.28 Max: 103.9
Current: 103.9

During the past 7 years, OneConnect Financial Technology Co's highest Days Sales Outstanding was 103.90. The lowest was 23.14. And the median was 77.28.

OCFT's Days Sales Outstanding is ranked worse than
77.73% of 2726 companies
in the Software industry
Industry Median: 62.195 vs OCFT: 103.90

OneConnect Financial Technology Co's Days Sales Outstanding increased from Dec. 2022 (78.55) to Dec. 2023 (91.13).

OneConnect Financial Technology Co Days Sales Outstanding Historical Data

The historical data trend for OneConnect Financial Technology Co'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.

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OneConnect Financial Technology Co Days Sales Outstanding Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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77.28

82.69

75.43

78.35

83.32

OneConnect Financial Technology Co 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															78.55	104.80	114.11	128.42	91.13

Competitive Comparison of OneConnect Financial Technology Co's Days Sales Outstanding

For the Software - Application subindustry, OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where OneConnect Financial Technology Co's Days Sales Outstanding falls into.

OneConnect Financial Technology Co 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.

OneConnect Financial Technology Co'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
=	( (134.973	+	99.531)	/	2 )	/	513.642	*	365
=	117.252					/	513.642	*	365
=	83.32

OneConnect Financial Technology Co'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
=	( (159.096	+	99.531)	/	2 )	/	129.487	*	365 / 4
=	129.3135					/	129.487	*	365 / 4
=	91.13

OneConnect Financial Technology Co (NYSE:OCFT) Days Sales Outstanding Explanation

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

OneConnect Financial Technology Co Days Sales Outstanding Related Terms

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OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.