Novotek AB (OSTO:NTEK B) Days Sales Outstanding : 64.97 (As of Dec. 2023)

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What is Novotek AB Days Sales Outstanding?

Novotek AB's average Accounts Receivable for the three months ended in Dec. 2023 was kr110.4 Mil. Novotek AB's Revenue for the three months ended in Dec. 2023 was kr155.1 Mil. Hence, Novotek AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 64.97.

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

OSTO:NTEK B' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.13 Med: 94.96 Max: 104.61
Current: 75.13

During the past 13 years, Novotek AB's highest Days Sales Outstanding was 104.61. The lowest was 75.13. And the median was 94.96.

OSTO:NTEK B's Days Sales Outstanding is ranked worse than
61.78% of 2721 companies
in the Software industry
Industry Median: 62.03 vs OSTO:NTEK B: 75.13

Novotek AB's Days Sales Outstanding increased from Dec. 2022 (58.75) to Dec. 2023 (64.97).

Novotek AB Days Sales Outstanding Historical Data

The historical data trend for Novotek AB'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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Novotek AB Days Sales Outstanding Chart

Novotek AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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96.97

89.66

80.64

92.95

97.67

Novotek AB 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															58.75	83.08	62.08	70.07	64.97

Competitive Comparison of Novotek AB's Days Sales Outstanding

For the Information Technology Services subindustry, Novotek AB'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.

Novotek AB's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Novotek AB's Days Sales Outstanding falls into.

Novotek AB 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.

Novotek AB'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
=	( (125.187	+	143.84)	/	2 )	/	502.684	*	365
=	134.5135					/	502.684	*	365
=	97.67

Novotek AB'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
=	( (77	+	143.84)	/	2 )	/	155.084	*	365 / 4
=	110.42					/	155.084	*	365 / 4
=	64.97

Novotek AB (OSTO:NTEK B) Days Sales Outstanding Explanation

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

Novotek AB Days Sales Outstanding Related Terms

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Novotek AB (OSTO:NTEK B) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Hojdrodergatan 18, Box 16014, Malmo, SWE, 212 39

Website

https://www.novotek.com

Novotek AB delivers industrial-IT and automation solutions based on standard products and components. The company products are used in Energy, Food, Drug, Petro and chemical, Metal, Manufacturing, Paper and Mass, Infrastructure, Water and Drainage, and Building Automation industries. Its solution includes process optimization, energy monitoring, industrial data provider, production planning, version management, Kepware OPC communication platform, cyber security for production and process networks and others.

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