SofTech (SofTech) Days Sales Outstanding : 71.98 (As of Nov. 2016)

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What is SofTech Days Sales Outstanding?

SofTech's average Accounts Receivable for the three months ended in Nov. 2016 was $0.50 Mil. SofTech's Revenue for the three months ended in Nov. 2016 was $0.64 Mil. Hence, SofTech's Days Sales Outstanding for the three months ended in Nov. 2016 was 71.98.

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

SOFT's Days Sales Outstanding is not ranked ^*
in the Software industry.
Industry Median: 61.675
* Ranked among companies with meaningful Days Sales Outstanding only.

SofTech's Days Sales Outstanding increased from Nov. 2015 (57.24) to Nov. 2016 (71.98).

SofTech Days Sales Outstanding Historical Data

The historical data trend for SofTech'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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SofTech Days Sales Outstanding Chart

SofTech Annual Data

Trend

May06

May07

May08

May09

May11

May12

May13

May14

May15

May16

Days Sales Outstanding

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47.19

47.42

56.87

58.01

46.50

SofTech Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Days Sales Outstanding	Get a 7-Day Free Trial															57.24	84.80	56.06	54.71	71.98

Competitive Comparison of SofTech's Days Sales Outstanding

For the Software - Application subindustry, SofTech'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.

SofTech's Days Sales Outstanding Distribution in the Software Industry

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

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

SofTech 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.

SofTech's Days Sales Outstanding for the fiscal year that ended in May. 2016 is calculated as

	Days Sales Outstanding (A: May. 2016 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2015 )	+	Accounts Receivable (A: May. 2016 ))	/	count )	/	Revenue (A: May. 2016 )	*	Days in Period
=	( (0.587	+	0.477)	/	2 )	/	4.176	*	365
=	0.532					/	4.176	*	365
=	46.50

SofTech's Days Sales Outstanding for the quarter that ended in Nov. 2016 is calculated as:

	Days Sales Outstanding (Q: Nov. 2016 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2016 )	+	Accounts Receivable (A: Nov. 2016 ))	/	count )	/	Revenue (A: Nov. 2016 )	*	Days in Period
=	( (0.637	+	0.368)	/	2 )	/	0.637	*	365 / 4
=	0.5025					/	0.637	*	365 / 4
=	71.98

SofTech (OTCPK:SOFT) Days Sales Outstanding Explanation

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

SofTech Days Sales Outstanding Related Terms

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SofTech (SofTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SofTech Inc (OTCPK:SOFT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Suffolk Street, Suite 415, Lowell, MA, USA, 01854

Website

http://www.softech.com

SofTech Inc is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer-aided design, and product data management and collaboration technologies. In addition, the company offers a technology platform that allows data exchange between various third-party technology offerings known as the company's connector offering.

Executives

Joseph Patrick Daly	10 percent owner	497 CIRCLE FREEWAY, CINCINNATI OH 45246
J Phillip Cooper	director

SofTech (SofTech) Headlines

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