Ecit AS (OSL:ECIT) Days Sales Outstanding : 48.73 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Ecit AS Days Sales Outstanding?

Ecit AS's average Accounts Receivable for the three months ended in Mar. 2024 was kr534 Mil. Ecit AS's Revenue for the three months ended in Mar. 2024 was kr999 Mil. Hence, Ecit AS's Days Sales Outstanding for the three months ended in Mar. 2024 was 48.73.

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

OSL:ECIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.27 Med: 49.63 Max: 60.68
Current: 48.65

During the past 6 years, Ecit AS's highest Days Sales Outstanding was 60.68. The lowest was 47.27. And the median was 49.63.

OSL:ECIT's Days Sales Outstanding is ranked better than
66.36% of 2729 companies
in the Software industry
Industry Median: 61.68 vs OSL:ECIT: 48.65

Ecit AS's Days Sales Outstanding increased from Mar. 2023 (44.73) to Mar. 2024 (48.73).

Ecit AS Days Sales Outstanding Historical Data

The historical data trend for Ecit AS'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.

* Premium members only.

Ecit AS Days Sales Outstanding Chart

Ecit AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

54.29

50.99

48.26

47.27

48.15

Ecit AS Quarterly Data
	Dec18	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														44.73	47.13	52.24	44.50	48.73

Competitive Comparison of Ecit AS's Days Sales Outstanding

For the Information Technology Services subindustry, Ecit AS'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.

Ecit AS's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Ecit AS's Days Sales Outstanding falls into.

Ecit AS 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.

Ecit AS'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
=	( (407	+	500)	/	2 )	/	3438	*	365
=	453.5					/	3438	*	365
=	48.15

Ecit AS'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
=	( (500	+	567)	/	2 )	/	999	*	365 / 4
=	533.5					/	999	*	365 / 4
=	48.73

Ecit AS (OSL:ECIT) Days Sales Outstanding Explanation

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

Ecit AS Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Ecit AS's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Ecit AS (OSL:ECIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ecit AS (OSL:ECIT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

3CZ:Germany

Address

Rolfsbuktveien 4A, Fornebu, NOR, 1364

Website

https://www.ecit.com

Ecit AS provides services within key business areas of IT, Finance & Accounting and Tech across sectors and industries. The company has a model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. The group's business operations are carried out by three divisions: IT, Finance & Accounting, and Tech. The Finance & Accounting division improves customers' efficiency through delivering administrative services in a productive way along with being a key revenue driver for the company.

Ecit AS (OSL:ECIT) Headlines

No Headlines