CombinedX AB (OSTO:CX) Days Sales Outstanding : 61.48 (As of Jun. 2024)

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What is CombinedX AB Days Sales Outstanding?

CombinedX AB's average Accounts Receivable for the three months ended in Jun. 2024 was kr169.3 Mil. CombinedX AB's Revenue for the three months ended in Jun. 2024 was kr251.2 Mil. Hence, CombinedX AB's Days Sales Outstanding for the three months ended in Jun. 2024 was 61.48.

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

OSTO:CX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.79 Med: 67.3 Max: 86.35
Current: 65.95

During the past 6 years, CombinedX AB's highest Days Sales Outstanding was 86.35. The lowest was 55.79. And the median was 67.30.

OSTO:CX's Days Sales Outstanding is ranked worse than
54.89% of 2751 companies
in the Software industry
Industry Median: 61.44 vs OSTO:CX: 65.95

CombinedX AB's Days Sales Outstanding declined from Jun. 2023 (63.34) to Jun. 2024 (61.48).

CombinedX AB Days Sales Outstanding Historical Data

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

CombinedX AB Annual Data

Trend

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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63.15

55.79

65.64

69.41

68.95

CombinedX AB Quarterly Data
	Apr18	Apr19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial												63.34	81.28	62.05	63.33	61.48

Competitive Comparison of CombinedX AB's Days Sales Outstanding

For the Information Technology Services subindustry, CombinedX 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.

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

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

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

CombinedX 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.

CombinedX 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
=	( (142.6	+	146.7)	/	2 )	/	765.7	*	365
=	144.65					/	765.7	*	365
=	68.95

CombinedX AB's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (165.2	+	173.3)	/	2 )	/	251.2	*	365 / 4
=	169.25					/	251.2	*	365 / 4
=	61.48

CombinedX AB (OSTO:CX) Days Sales Outstanding Explanation

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

CombinedX AB Days Sales Outstanding Related Terms

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CombinedX AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CombinedX AB (OSTO:CX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tynasgatan 10, Karlstad, SWE, 652 16

Website

https://www.combinedx.com

CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche.