X2M Connect (ASX:X2M) Days Sales Outstanding : 91.25 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is X2M Connect Days Sales Outstanding?

X2M Connect's average Accounts Receivable for the six months ended in Dec. 2023 was A$3.74 Mil. X2M Connect's Revenue for the six months ended in Dec. 2023 was A$7.48 Mil. Hence, X2M Connect's Days Sales Outstanding for the six months ended in Dec. 2023 was 91.25.

The historical rank and industry rank for X2M Connect's Days Sales Outstanding or its related term are showing as below:

ASX:X2M' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.47 Med: 17.81 Max: 72.56
Current: 72.56

During the past 2 years, X2M Connect's highest Days Sales Outstanding was 72.56. The lowest was 6.47. And the median was 17.81.

ASX:X2M's Days Sales Outstanding is ranked better than
52.48% of 2458 companies
in the Hardware industry
Industry Median: 74.92 vs ASX:X2M: 72.56

X2M Connect's Days Sales Outstanding increased from Dec. 2022 (15.06) to Dec. 2023 (91.25).

X2M Connect Days Sales Outstanding Historical Data

The historical data trend for X2M Connect'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.

* Premium members only.

X2M Connect Days Sales Outstanding Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Days Sales Outstanding

6.47

29.15

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			23.44	10.52	15.06	46.68	91.25

Competitive Comparison of X2M Connect's Days Sales Outstanding

For the Scientific & Technical Instruments subindustry, X2M Connect'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.

X2M Connect's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, X2M Connect's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where X2M Connect's Days Sales Outstanding falls into.

X2M Connect 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.

X2M Connect's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.184	+	2.406)	/	2 )	/	16.213	*	365
=	1.295					/	16.213	*	365
=	29.15

X2M Connect'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2.406	+	5.078)	/	2 )	/	7.484	*	365 / 2
=	3.742					/	7.484	*	365 / 2
=	91.25

X2M Connect (ASX:X2M) Days Sales Outstanding Explanation

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

X2M Connect Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of X2M Connect's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

X2M Connect (ASX:X2M) Headlines

No Headlines