Flatex AG (FRA:FTK) Days Sales Outstanding : 24.20 (As of Dec. 2023)

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What is Flatex AG Days Sales Outstanding?

Flatex AG's average Accounts Receivable for the six months ended in Dec. 2023 was €25.4 Mil. Flatex AG's Revenue for the six months ended in Dec. 2023 was €191.6 Mil. Hence, Flatex AG's Days Sales Outstanding for the six months ended in Dec. 2023 was 24.20.

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

FRA:FTK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.39 Med: 38.58 Max: 1384.77
Current: 24.9

During the past 13 years, Flatex AG's highest Days Sales Outstanding was 1384.77. The lowest was 18.39. And the median was 38.58.

FRA:FTK's Days Sales Outstanding is ranked better than
72.66% of 556 companies
in the Capital Markets industry
Industry Median: 62.34 vs FRA:FTK: 24.90

Flatex AG's Days Sales Outstanding declined from Dec. 2022 (31.11) to Dec. 2023 (24.20).

Flatex AG Days Sales Outstanding Historical Data

The historical data trend for Flatex AG'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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Flatex AG Days Sales Outstanding Chart

Flatex AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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47.95

19.62

18.39

27.27

23.03

Flatex AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															22.94	24.83	31.11	27.59	24.20

Competitive Comparison of Flatex AG's Days Sales Outstanding

For the Capital Markets subindustry, Flatex AG'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.

Flatex AG's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Flatex AG's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Flatex AG's Days Sales Outstanding falls into.

Flatex AG 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.

Flatex AG'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
=	( (25.194	+	21.661)	/	2 )	/	371.292	*	365
=	23.4275					/	371.292	*	365
=	23.03

Flatex AG'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
=	( (29.142	+	21.661)	/	2 )	/	191.59	*	365 / 2
=	25.4015					/	191.59	*	365 / 2
=	24.20

Flatex AG (FRA:FTK) Days Sales Outstanding Explanation

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

Flatex AG Days Sales Outstanding Related Terms

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Flatex AG (FRA:FTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Flatex AG (FRA:FTK) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

FNNTF:USA 0W89:UK FTK:Germany

Address

Omniturm, Grosse Gallusstrasse 16-18, Frankfurt, HE, DEU, 60312

Website

https://www.flatex.com

Flatex AG is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies.