Trinet Group's average Accounts Receivable for the
three
months ended in Dec. 2023 was $20 Mil. Trinet Group's Revenue for the
three
months ended in Dec. 2023 was $1,245 Mil.
Hence, Trinet Group's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 1.43.
The historical rank and industry rank for Trinet Group's Days Sales Outstanding or its related term are showing as below:
TNET'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.95 Med: 1.33 Max: 2.34
Current: 1.35
During the past 13 years, Trinet Group's highest Days Sales Outstanding was 2.34. The lowest was 0.95. And the median was 1.33.
TNET's Days Sales Outstanding is ranked better than 99.33% of 1039
companies
in the Business Services industry
Industry Median: 58.23
vs TNET: 1.35
Trinet Group's Days Sales Outstanding
increased
from Dec. 2022 (1.04) to Dec. 2023 (1.43).
Trinet Group Days Sales Outstanding Historical Data
The historical data trend for Trinet Group'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.
Competitive Comparison of Trinet Group's Days Sales Outstanding
For the Staffing & Employment Services subindustry, Trinet Group'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.
Trinet Group's Days Sales Outstanding Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Trinet Group's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Trinet Group's Days Sales Outstanding falls into.
Trinet Group 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.
* 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.
Trinet Group (NYSE:TNET) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Trinet Group Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Trinet Group's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
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