Kvix AB (NGM:KVIX) Days Sales Outstanding : 6.49 (As of Mar. 2024)

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What is Kvix AB Days Sales Outstanding?

Kvix AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr0.03 Mil. Kvix AB's Revenue for the three months ended in Mar. 2024 was kr0.42 Mil. Hence, Kvix AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.49.

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

NGM:KVIX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.73 Med: 8.21 Max: 29.44
Current: 5.93

During the past 5 years, Kvix AB's highest Days Sales Outstanding was 29.44. The lowest was 4.73. And the median was 8.21.

NGM:KVIX's Days Sales Outstanding is ranked better than
97.65% of 2725 companies
in the Software industry
Industry Median: 61.83 vs NGM:KVIX: 5.93

Kvix AB's Days Sales Outstanding increased from Mar. 2023 (6.17) to Mar. 2024 (6.49).

Kvix AB Days Sales Outstanding Historical Data

The historical data trend for Kvix 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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Kvix AB Days Sales Outstanding Chart

Kvix AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

29.44

4.73

5.77

10.65

Kvix AB Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial										6.17	3.35	6.94	7.90	6.49

Competitive Comparison of Kvix AB's Days Sales Outstanding

For the Software - Application subindustry, Kvix 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.

Kvix AB's Days Sales Outstanding Distribution in the Software Industry

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

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

Kvix 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.

Kvix AB'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
=	( (0.029	+	0.045)	/	2 )	/	1.268	*	365
=	0.037					/	1.268	*	365
=	10.65

Kvix AB'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
=	( (0.045	+	0.014)	/	2 )	/	0.415	*	365 / 4
=	0.0295					/	0.415	*	365 / 4
=	6.49

Kvix AB (NGM:KVIX) Days Sales Outstanding Explanation

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

Kvix AB Days Sales Outstanding Related Terms

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Kvix AB (NGM:KVIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kvix AB (NGM:KVIX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fredsgatan 17, Umea, SWE, 903 47

Website

https://www.kvix.se

Kvix AB is engaged in providing a platform for well-being through exercise - from yoga to strength training, breathing and mindfulness. It assists in finding balance in live workouts with others and monitoring the training journey. It also allows to interact with instructors and get live feedback if the users choose to share their camera image.

Kvix AB (NGM:KVIX) Headlines

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