Kore Group Holdings (Kore Group Holdings) Days Sales Outstanding : 64.35 (As of Mar. 2024)

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What is Kore Group Holdings Days Sales Outstanding?

Kore Group Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $53.58 Mil. Kore Group Holdings's Revenue for the three months ended in Mar. 2024 was $75.98 Mil. Hence, Kore Group Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 64.35.

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

KORGW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 63.79 Med: 66.58 Max: 69.43
Current: 63.79

During the past 5 years, Kore Group Holdings's highest Days Sales Outstanding was 69.43. The lowest was 63.79. And the median was 66.58.

KORGW's Days Sales Outstanding is ranked worse than
60.9% of 376 companies
in the Telecommunication Services industry
Industry Median: 56.335 vs KORGW: 63.79

Kore Group Holdings's Days Sales Outstanding increased from Mar. 2023 (64.03) to Mar. 2024 (64.35).

Kore Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Kore Group 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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Kore Group Holdings Days Sales Outstanding Chart

Kore Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

69.43

67.79

65.37

63.97

Kore Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											64.03	62.39	63.32	63.36	64.35

Competitive Comparison of Kore Group Holdings's Days Sales Outstanding

For the Telecom Services subindustry, Kore Group 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.

Kore Group Holdings's Days Sales Outstanding Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kore Group Holdings's Days Sales Outstanding distribution charts can be found below:

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

Kore Group 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.

Kore Group Holdings'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
=	( (44.538	+	52.413)	/	2 )	/	276.61	*	365
=	48.4755					/	276.61	*	365
=	63.97

Kore Group Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (52.413	+	54.749)	/	2 )	/	75.975	*	365 / 4
=	53.581					/	75.975	*	365 / 4
=	64.35

Kore Group Holdings (OTCPK:KORGW) Days Sales Outstanding Explanation

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

Kore Group Holdings Days Sales Outstanding Related Terms

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Kore Group Holdings (Kore Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Group Holdings Inc (OTCPK:KORGW) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

KORE:USA

Address

3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346

Website

https://www.korewireless.com

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions).