Varonis Systems (FRA:VS2) Days Sales Outstanding : 83.68 (As of Dec. 2023)

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What is Varonis Systems Days Sales Outstanding?

Varonis Systems's average Accounts Receivable for the three months ended in Dec. 2023 was €129.6 Mil. Varonis Systems's Revenue for the three months ended in Dec. 2023 was €141.3 Mil. Hence, Varonis Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 83.68.

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

FRA:VS2' s Days Sales Outstanding Range Over the Past 10 Years
Min: 87.05 Med: 110.58 Max: 122.38
Current: 87.05

During the past 13 years, Varonis Systems's highest Days Sales Outstanding was 122.38. The lowest was 87.05. And the median was 110.58.

FRA:VS2's Days Sales Outstanding is ranked worse than
70.61% of 2725 companies
in the Software industry
Industry Median: 61.9 vs FRA:VS2: 87.05

Varonis Systems's Days Sales Outstanding increased from Dec. 2022 (74.88) to Dec. 2023 (83.68).

Varonis Systems Days Sales Outstanding Historical Data

The historical data trend for Varonis Systems'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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Varonis Systems Days Sales Outstanding Chart

Varonis Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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112.24

109.99

95.76

94.72

113.01

Varonis Systems Quarterly Data
	Mar19	Jun19	Sep19	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															74.88	90.47	71.14	79.53	83.68

Competitive Comparison of Varonis Systems's Days Sales Outstanding

For the Software - Infrastructure subindustry, Varonis Systems'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.

Varonis Systems's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Varonis Systems's Days Sales Outstanding falls into.

Varonis Systems 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.

Varonis Systems'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
=	( (128.364	+	155.079)	/	2 )	/	457.73	*	365
=	141.7215					/	457.73	*	365
=	113.01

Varonis Systems'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
=	( (104.086	+	155.079)	/	2 )	/	141.309	*	365 / 4
=	129.5825					/	141.309	*	365 / 4
=	83.68

Varonis Systems (FRA:VS2) Days Sales Outstanding Explanation

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

Varonis Systems Days Sales Outstanding Related Terms

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Varonis Systems (FRA:VS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Varonis Systems Inc (FRA:VS2) » Definitions » Days Sales Outstanding

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VRNS:USA

Address

1250 Broadway, 29th Floor, New York, NY, USA, 10001

Website

https://www.varonis.com

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

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