X3 Holdings Co (X3 Holdings Co) Days Sales Outstanding : 414.11 (As of Jun. 2023)

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What is X3 Holdings Co Days Sales Outstanding?

X3 Holdings Co's average Accounts Receivable for the six months ended in Jun. 2023 was $14.94 Mil. X3 Holdings Co's Revenue for the six months ended in Jun. 2023 was $6.59 Mil. Hence, X3 Holdings Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 414.11.

The historical rank and industry rank for X3 Holdings Co's Days Sales Outstanding or its related term are showing as below:

XTKG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 88.51 Med: 219.12 Max: 679.53
Current: 596.91

During the past 7 years, X3 Holdings Co's highest Days Sales Outstanding was 679.53. The lowest was 88.51. And the median was 219.12.

XTKG's Days Sales Outstanding is ranked worse than
98.13% of 2726 companies
in the Software industry
Industry Median: 62.175 vs XTKG: 596.91

X3 Holdings Co's Days Sales Outstanding declined from Jun. 2022 (567.42) to Jun. 2023 (414.11).

Warning Sign:

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

X3 Holdings Co Days Sales Outstanding Historical Data

The historical data trend for X3 Holdings 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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X3 Holdings Co Days Sales Outstanding Chart

X3 Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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225.05

242.67

174.92

219.12

679.53

X3 Holdings Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial									233.00	221.17	567.42	901.62	414.11

Competitive Comparison of X3 Holdings Co's Days Sales Outstanding

For the Software - Application subindustry, X3 Holdings 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.

X3 Holdings Co's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, X3 Holdings Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where X3 Holdings Co's Days Sales Outstanding falls into.

X3 Holdings 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.

X3 Holdings Co'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
=	( (24.218	+	14.815)	/	2 )	/	10.483	*	365
=	19.5165					/	10.483	*	365
=	679.53

X3 Holdings Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (14.815	+	15.069)	/	2 )	/	6.585	*	365 / 2
=	14.942					/	6.585	*	365 / 2
=	414.11

X3 Holdings Co (NAS:XTKG) Days Sales Outstanding Explanation

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

X3 Holdings Co Days Sales Outstanding Related Terms

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X3 Holdings Co (X3 Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » X3 Holdings Co Ltd (NAS:XTKG) » Definitions » Days Sales Outstanding

Comparable Companies

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Address

Advanced Business Park, 29 Lanwan Lane, 9th Floor, Building C2, Hightech District, Guangdong Province, Zhuhai, CHN, 519080

Website

https://www.powerbridge.com

Powerbridge Technologies Co Ltd provides a software application, technology solutions, and services to corporate and government customers. The company offers services such as Powerbridge System Solutions, Powerbridge SaaS Services, Powerbridge BaaS Services, and others. It generates its revenue in the form of application development services, consulting and technical support services, and subscription services. All of its revenues are generated from the People's Republic of China.