VerifyMe (STU:LT1B) Days Sales Outstanding : 33.31 (As of Mar. 2024)

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What is VerifyMe Days Sales Outstanding?

VerifyMe's average Accounts Receivable for the three months ended in Mar. 2024 was €1.93 Mil. VerifyMe's Revenue for the three months ended in Mar. 2024 was €5.30 Mil. Hence, VerifyMe's Days Sales Outstanding for the three months ended in Mar. 2024 was 33.31.

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

STU:LT1B' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.68 Med: 59.59 Max: 146
Current: 24.65

During the past 13 years, VerifyMe's highest Days Sales Outstanding was 146.00. The lowest was 11.68. And the median was 59.59.

STU:LT1B's Days Sales Outstanding is ranked better than
89.26% of 1043 companies
in the Business Services industry
Industry Median: 58.62 vs STU:LT1B: 24.65

VerifyMe's Days Sales Outstanding declined from Mar. 2023 (49.97) to Mar. 2024 (33.31).

VerifyMe Days Sales Outstanding Historical Data

The historical data trend for VerifyMe'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.

VerifyMe Days Sales Outstanding Chart

VerifyMe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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81.75

63.42

68.53

44.06

54.77

VerifyMe Quarterly Data
	Jun19	Sep19	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															49.97	25.74	21.54	23.18	33.31

Competitive Comparison of VerifyMe's Days Sales Outstanding

For the Security & Protection Services subindustry, VerifyMe'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.

VerifyMe's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, VerifyMe's Days Sales Outstanding distribution charts can be found below:

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

VerifyMe 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.

VerifyMe'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
=	( (4.199	+	2.767)	/	2 )	/	23.212	*	365
=	3.483					/	23.212	*	365
=	54.77

VerifyMe'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
=	( (2.767	+	1.101)	/	2 )	/	5.298	*	365 / 4
=	1.934					/	5.298	*	365 / 4
=	33.31

VerifyMe (STU:LT1B) Days Sales Outstanding Explanation

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

VerifyMe Days Sales Outstanding Related Terms

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VerifyMe (STU:LT1B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » VerifyMe Inc (STU:LT1B) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

VRME:USA

Address

801 International Parkway, Fifth Floor, Lake Mary, FL, USA, 32746

Website

https://www.verifyme.com

VerifyMe Inc is a technology solutions company based in the United States. It markets a broad patent portfolio that includes patents in the field of authenticating products, people, and financial transactions. In the areas of authentication and serialization of physical goods, the company offers clients the following products as anti-counterfeit systems: RainbowSecure, VeriPAS supply chain serialization, track, and trace technology; VeriPAS Smartphone Authenticator; VerifyMe Beeper; VerifyMe Web. The company serves a diverse set of markets including pharmaceutical companies, high-end retailers, the gaming industry, and governments worldwide.

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