Tenet Fintech Group (Tenet Fintech Group) Days Sales Outstanding : 143.11 (As of Sep. 2023)

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What is Tenet Fintech Group Days Sales Outstanding?

Tenet Fintech Group's average Accounts Receivable for the three months ended in Sep. 2023 was $10.72 Mil. Tenet Fintech Group's Revenue for the three months ended in Sep. 2023 was $6.83 Mil. Hence, Tenet Fintech Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 143.11.

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

PKKFF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.14 Med: 82.83 Max: 223.06
Current: 94.71

During the past 13 years, Tenet Fintech Group's highest Days Sales Outstanding was 223.06. The lowest was 0.14. And the median was 82.83.

PKKFF's Days Sales Outstanding is ranked worse than
74.43% of 2726 companies
in the Software industry
Industry Median: 62.175 vs PKKFF: 94.71

Tenet Fintech Group's Days Sales Outstanding increased from Sep. 2022 (36.82) to Sep. 2023 (143.11).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Tenet Fintech Group Days Sales Outstanding Historical Data

The historical data trend for Tenet Fintech 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.

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Tenet Fintech Group Days Sales Outstanding Chart

Tenet Fintech Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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82.84

134.30

67.71

45.74

Tenet Fintech Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															36.82	57.17	172.61	92.07	143.11

Competitive Comparison of Tenet Fintech Group's Days Sales Outstanding

For the Software - Infrastructure subindustry, Tenet Fintech 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.

Tenet Fintech Group's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Tenet Fintech Group's Days Sales Outstanding falls into.

Tenet Fintech 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Tenet Fintech Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (7.526	+	12.746)	/	2 )	/	80.883	*	365
=	10.136					/	80.883	*	365
=	45.74

Tenet Fintech Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (11.978	+	9.452)	/	2 )	/	6.832	*	365 / 4
=	10.715					/	6.832	*	365 / 4
=	143.11

Tenet Fintech Group (OTCPK:PKKFF) Days Sales Outstanding Explanation

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

Tenet Fintech Group Days Sales Outstanding Related Terms

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Tenet Fintech Group (Tenet Fintech Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tenet Fintech Group Inc (OTCPK:PKKFF) » Definitions » Days Sales Outstanding

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P0T:Germany PKK:Canada

Address

119 Spadina Avenue, Suite 705, Toronto, ON, CAN, M5V 2L1

Website

https://www.tenetfintech.com

Tenet Fintech Group Inc is the parent company of a group of innovative FinTech and AI companies. Together with its subsidiaries, It provides various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business transactions among its members.