Avsalt Group AB (NGM:AVSALT) Days Sales Outstanding : 31.27 (As of Jun. 2023)

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What is Avsalt Group AB Days Sales Outstanding?

Avsalt Group AB's average Accounts Receivable for the three months ended in Jun. 2023 was kr0.09 Mil. Avsalt Group AB's Revenue for the three months ended in Jun. 2023 was kr0.27 Mil. Hence, Avsalt Group AB's Days Sales Outstanding for the three months ended in Jun. 2023 was 31.27.

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

NGM:AVSALT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.43 Med: 141.83 Max: 214.24
Current: 60.43

During the past 4 years, Avsalt Group AB's highest Days Sales Outstanding was 214.24. The lowest was 60.43. And the median was 141.83.

NGM:AVSALT's Days Sales Outstanding is ranked better than
51.8% of 2724 companies
in the Software industry
Industry Median: 61.82 vs NGM:AVSALT: 60.43

Avsalt Group AB's Days Sales Outstanding declined from Jun. 2022 (112.41) to Jun. 2023 (31.27).

Avsalt Group AB Days Sales Outstanding Historical Data

The historical data trend for Avsalt Group AB'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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Avsalt Group AB Days Sales Outstanding Chart

Avsalt Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

214.24

141.83

62.54

Avsalt Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial										112.41	153.47	76.90	30.90	31.27

Competitive Comparison of Avsalt Group AB's Days Sales Outstanding

For the Software - Application subindustry, Avsalt Group AB'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.

Avsalt Group AB's Days Sales Outstanding Distribution in the Software Industry

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

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

Avsalt Group AB 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.

Avsalt Group AB's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.109	+	0.074)	/	2 )	/	0.534	*	365
=	0.0915					/	0.534	*	365
=	62.54

Avsalt Group AB's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.054	+	0.129)	/	2 )	/	0.267	*	365 / 4
=	0.0915					/	0.267	*	365 / 4
=	31.27

Avsalt Group AB (NGM:AVSALT) Days Sales Outstanding Explanation

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

Avsalt Group AB Days Sales Outstanding Related Terms

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Avsalt Group AB (NGM:AVSALT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsportsavenyen 21, Gothenburg, SWE, 411 36

Website

https://www.zesec.com

Zesec of Sweden is an internet of things company that offers key-free access for physical passage. It is a SaaS platform that sits on top of all existing door access systems and can open doors for everyone. It make easy to share keys and unlock doors with smartphone.

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