Netcompany Group A/S (OCSE:NETC) Days Sales Outstanding : 68.97 (As of Mar. 2024)

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What is Netcompany Group A/S Days Sales Outstanding?

Netcompany Group A/S's average Accounts Receivable for the three months ended in Mar. 2024 was kr1,208 Mil. Netcompany Group A/S's Revenue for the three months ended in Mar. 2024 was kr1,598 Mil. Hence, Netcompany Group A/S's Days Sales Outstanding for the three months ended in Mar. 2024 was 68.97.

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

OCSE:NETC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 63.66 Med: 74.9 Max: 90.67
Current: 65.71

During the past 9 years, Netcompany Group A/S's highest Days Sales Outstanding was 90.67. The lowest was 63.66. And the median was 74.90.

OCSE:NETC's Days Sales Outstanding is ranked worse than
54.03% of 2732 companies
in the Software industry
Industry Median: 61.675 vs OCSE:NETC: 65.71

Netcompany Group A/S's Days Sales Outstanding increased from Mar. 2023 (60.09) to Mar. 2024 (68.97).

Netcompany Group A/S Days Sales Outstanding Historical Data

The historical data trend for Netcompany Group A/S'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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Netcompany Group A/S Days Sales Outstanding Chart

Netcompany Group A/S Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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73.55

63.66

74.90

70.57

71.27

Netcompany Group A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															60.09	61.96	68.40	67.49	68.97

Competitive Comparison of Netcompany Group A/S's Days Sales Outstanding

For the Information Technology Services subindustry, Netcompany Group A/S'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.

Netcompany Group A/S's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Netcompany Group A/S's Days Sales Outstanding falls into.

Netcompany Group A/S 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.

Netcompany Group A/S'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
=	( (1112	+	1261.8)	/	2 )	/	6078.4	*	365
=	1186.9					/	6078.4	*	365
=	71.27

Netcompany Group A/S'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
=	( (1261.8	+	1154)	/	2 )	/	1598.1	*	365 / 4
=	1207.9					/	1598.1	*	365 / 4
=	68.97

Netcompany Group A/S (OCSE:NETC) Days Sales Outstanding Explanation

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

Netcompany Group A/S Days Sales Outstanding Related Terms

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Netcompany Group A/S (OCSE:NETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netcompany Group A/S (OCSE:NETC) » Definitions » Days Sales Outstanding

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0YH9:UK 60N:Germany

Address

Gronningen 17, Copenhagen, DNK, 1270

Website

https://www.netcompany.com

Netcompany Group A/S is an information technology company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. It generates maximum revenue from the Public segment. The company serves Finance; Government; Manufacturing and engineering; Municipalities; Retail and trade; Service companies; Telecommunication and media; Energy and Utilities and others. Geographically, it derives a majority of its revenue from Denmark.