Qlosr Group AB (OSTO:QLOSR B) Days Sales Outstanding : 17.33 (As of Mar. 2024)

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What is Qlosr Group AB Days Sales Outstanding?

Qlosr Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr33.2 Mil. Qlosr Group AB's Revenue for the three months ended in Mar. 2024 was kr174.6 Mil. Hence, Qlosr Group AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 17.33.

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

OSTO:QLOSR B' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.38 Med: 51.37 Max: 78.76
Current: 38.56

During the past 10 years, Qlosr Group AB's highest Days Sales Outstanding was 78.76. The lowest was 1.38. And the median was 51.37.

OSTO:QLOSR B's Days Sales Outstanding is ranked better than
78.58% of 2722 companies
in the Software industry
Industry Median: 61.8 vs OSTO:QLOSR B: 38.56

Qlosr Group AB's Days Sales Outstanding declined from Mar. 2023 (62.51) to Mar. 2024 (17.33).

Qlosr Group AB Days Sales Outstanding Historical Data

The historical data trend for Qlosr 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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Qlosr Group AB Days Sales Outstanding Chart

Qlosr Group AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

Days Sales Outstanding

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3.17

73.00

78.76

47.02

Qlosr Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															62.51	56.26	62.53	31.45	17.33

Competitive Comparison of Qlosr Group AB's Days Sales Outstanding

For the Information Technology Services subindustry, Qlosr 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.

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

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

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

Qlosr 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.

Qlosr Group 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
=	( (103.325	+	42.573)	/	2 )	/	566.246	*	365
=	72.949					/	566.246	*	365
=	47.02

Qlosr Group 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
=	( (42.573	+	23.757)	/	2 )	/	174.587	*	365 / 4
=	33.165					/	174.587	*	365 / 4
=	17.33

Qlosr Group AB (OSTO:QLOSR B) Days Sales Outstanding Explanation

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

Qlosr Group AB Days Sales Outstanding Related Terms

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Qlosr Group AB (OSTO:QLOSR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qlosr Group AB (OSTO:QLOSR B) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Telefonvagen 30, Stockholm, SWE, 126 26

Website

https://www.qlosr.se

Qlosr Group AB is a supplier of IT solutions. The company offers smart and efficient IT solutions to companies and schools. It operates in the Nordic market and has offices in Stockholm, Gothenburg, Malmo and Malardalen.

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