Altitude Group (LSE:ALT) Days Sales Outstanding : 57.96 (As of Sep. 2023)

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What is Altitude Group Days Sales Outstanding?

Altitude Group's average Accounts Receivable for the six months ended in Sep. 2023 was £3.74 Mil. Altitude Group's Revenue for the six months ended in Sep. 2023 was £11.77 Mil. Hence, Altitude Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 57.96.

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

LSE:ALT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.77 Med: 38.11 Max: 104.8
Current: 64.55

During the past 13 years, Altitude Group's highest Days Sales Outstanding was 104.80. The lowest was 19.77. And the median was 38.11.

LSE:ALT's Days Sales Outstanding is ranked worse than
53.07% of 2738 companies
in the Software industry
Industry Median: 61.675 vs LSE:ALT: 64.55

Altitude Group's Days Sales Outstanding declined from Sep. 2022 (64.88) to Sep. 2023 (57.96).

Altitude Group Days Sales Outstanding Historical Data

The historical data trend for Altitude Group'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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Altitude Group Days Sales Outstanding Chart

Altitude Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Days Sales Outstanding

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38.62

104.80

27.30

19.77

25.55

Altitude Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															65.97	69.67	64.88	53.33	57.96

Competitive Comparison of Altitude Group's Days Sales Outstanding

For the Software - Application subindustry, Altitude Group'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.

Altitude Group's Days Sales Outstanding Distribution in the Software Industry

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

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

Altitude Group 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.

Altitude Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.797	+	1.83)	/	2 )	/	18.761	*	365
=	1.3135					/	18.761	*	365
=	25.55

Altitude Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (1.83	+	5.645)	/	2 )	/	11.768	*	365 / 2
=	3.7375					/	11.768	*	365 / 2
=	57.96

Altitude Group (LSE:ALT) Days Sales Outstanding Explanation

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

Altitude Group Days Sales Outstanding Related Terms

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Altitude Group (LSE:ALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altitude Group PLC (LSE:ALT) » Definitions » Days Sales Outstanding

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D9E:Germany

Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

http://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.