SKKY (Skkynet Cloud Systems) Days Sales Outstanding : 40.53 (As of Oct. 2024)

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What is Skkynet Cloud Systems Days Sales Outstanding?

Skkynet Cloud Systems's average Accounts Receivable for the three months ended in Oct. 2024 was $0.29 Mil. Skkynet Cloud Systems's Revenue for the three months ended in Oct. 2024 was $0.66 Mil. Hence, Skkynet Cloud Systems's Days Sales Outstanding for the three months ended in Oct. 2024 was 40.53.

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

SKKY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.08 Med: 45.65 Max: 53.3
Current: 43.94

During the past 13 years, Skkynet Cloud Systems's highest Days Sales Outstanding was 53.30. The lowest was 38.08. And the median was 45.65.

SKKY's Days Sales Outstanding is ranked better than
72.04% of 2722 companies
in the Software industry
Industry Median: 62.195 vs SKKY: 43.94

Skkynet Cloud Systems's Days Sales Outstanding declined from Oct. 2023 (45.84) to Oct. 2024 (40.53).

Skkynet Cloud Systems Days Sales Outstanding Historical Data

The historical data trend for Skkynet Cloud Systems'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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Skkynet Cloud Systems Days Sales Outstanding Chart

Skkynet Cloud Systems Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Days Sales Outstanding

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42.02

45.28

53.30

52.51

47.51

Skkynet Cloud Systems Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Sales Outstanding	Get a 7-Day Free Trial															45.84	48.73	49.04	34.73	40.53

Competitive Comparison of Skkynet Cloud Systems's Days Sales Outstanding

For the Software - Infrastructure subindustry, Skkynet Cloud Systems'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.

Skkynet Cloud Systems's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Skkynet Cloud Systems's Days Sales Outstanding falls into.

Skkynet Cloud Systems 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.

Skkynet Cloud Systems's Days Sales Outstanding for the fiscal year that ended in Oct. 2024 is calculated as

	Days Sales Outstanding (A: Oct. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Oct. 2024 ))	/	count )	/	Revenue (A: Oct. 2024 )	*	Days in Period
=	( (0.306	+	0.361)	/	2 )	/	2.562	*	365
=	0.3335					/	2.562	*	365
=	47.51

Skkynet Cloud Systems's Days Sales Outstanding for the quarter that ended in Oct. 2024 is calculated as:

	Days Sales Outstanding (Q: Oct. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jul. 2024 )	+	Accounts Receivable (A: Oct. 2024 ))	/	count )	/	Revenue (A: Oct. 2024 )	*	Days in Period
=	( (0.228	+	0.361)	/	2 )	/	0.663	*	365 / 4
=	0.2945					/	0.663	*	365 / 4
=	40.53

Skkynet Cloud Systems (OTCPK:SKKY) Days Sales Outstanding Explanation

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

Skkynet Cloud Systems Days Sales Outstanding Related Terms

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Skkynet Cloud Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Skkynet Cloud Systems Inc (OTCPK:SKKY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

2233 Argentina Road, Suite 302, Mississauga, ON, CAN, L5N 2X7

Website

https://www.skkynet.com

Skkynet Cloud Systems Inc is an industrial middleware vendor company. Skkynet operates its business through its wholly owned subsidiaries Cogent Real-Time Systems, Inc. (Cogent), Skkynet, Inc. (Skkynet (USA), Skkynet Corp. (Skkynet (Canada)). Skkynet was established to enhance Cogent's existing business lines through the integration of cloud-based systems (Cloud), and to deliver a Software-as-a-Service (SaaS) product targeting the Industrial Internet of Things (IoT) market, often referred to by the term Industry 4.0. The business serves North America, Europe, Asia Pacific, South America and other regions.

Executives

Andrew S Thomas	director, 10 percent owner, officer: Chief Executive Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Paul Benford	director, 10 percent owner, officer: Chief Operating Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Lowell Thomas Holden	officer: Chief Financial Officer	631 US HWY 1, SUITE 407, NORTH PALM BEACH FL 33408
Paul E Thomas	director, 10 percent owner, officer: President	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Xavier Eric Mesrobian	officer: VP Sales and Marketing	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
John X Adiletta	director	51 BOULDERWOOD DRIVE, BERNARDSVILLE NJ 07924
Kenneth W. Jennings	director	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Norman Evans	director	5650 TOMKEN RD., UNIT 16, MISSISSAUGA A6 L4W 4P1
Michael R Thomas	other: Advisor	2233 ARGENTIA ROAD, SUITE 306, MISSISSAUGA A6 L5N 2X7