Banxa Holdings (Banxa Holdings) Days Sales Outstanding : 10.31 (As of Dec. 2023)

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What is Banxa Holdings Days Sales Outstanding?

Banxa Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $5.8 Mil. Banxa Holdings's Revenue for the three months ended in Dec. 2023 was $51.1 Mil. Hence, Banxa Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 10.31.

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

BNXAF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.07 Med: 23.42 Max: 38.35
Current: 12.07

During the past 4 years, Banxa Holdings's highest Days Sales Outstanding was 38.35. The lowest was 12.07. And the median was 23.42.

BNXAF's Days Sales Outstanding is ranked better than
95.26% of 2721 companies
in the Software industry
Industry Median: 62.03 vs BNXAF: 12.07

Banxa Holdings's Days Sales Outstanding declined from Dec. 2022 (21.28) to Dec. 2023 (10.31).

Banxa Holdings Days Sales Outstanding Historical Data

The historical data trend for Banxa Holdings'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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Banxa Holdings Days Sales Outstanding Chart

Banxa Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

38.34

23.70

23.63

12.44

Banxa Holdings Quarterly Data
	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												21.28	25.18	19.45	5.68	10.31

Competitive Comparison of Banxa Holdings's Days Sales Outstanding

For the Information Technology Services subindustry, Banxa Holdings'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.

Banxa Holdings's Days Sales Outstanding Distribution in the Software Industry

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

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

Banxa Holdings 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.

Banxa Holdings'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
=	( (1.453	+	2.222)	/	2 )	/	53.928	*	365
=	1.8375					/	53.928	*	365
=	12.44

Banxa Holdings'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
=	( (4.62	+	6.927)	/	2 )	/	51.088	*	365 / 4
=	5.7735					/	51.088	*	365 / 4
=	10.31

Banxa Holdings (OTCPK:BNXAF) Days Sales Outstanding Explanation

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

Banxa Holdings Days Sales Outstanding Related Terms

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Banxa Holdings (Banxa Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Banxa Holdings Inc (OTCPK:BNXAF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

AC00:Germany BNXA:Canada

Address

2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121

Website

https://www.banxa.com

Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.