TPT Global Tech (TPT Global Tech) Days Sales Outstanding : 8.60 (As of Mar. 2024)

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What is TPT Global Tech Days Sales Outstanding?

TPT Global Tech's average Accounts Receivable for the three months ended in Mar. 2024 was $0.04 Mil. TPT Global Tech's Revenue for the three months ended in Mar. 2024 was $0.40 Mil. Hence, TPT Global Tech's Days Sales Outstanding for the three months ended in Mar. 2024 was 8.60.

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

TPTW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.22 Med: 10.34 Max: 29.91
Current: 29.91

During the past 13 years, TPT Global Tech's highest Days Sales Outstanding was 29.91. The lowest was 6.22. And the median was 10.34.

TPTW's Days Sales Outstanding is ranked better than
93.05% of 2460 companies
in the Hardware industry
Industry Median: 74.07 vs TPTW: 29.91

TPT Global Tech's Days Sales Outstanding declined from Mar. 2023 (35.52) to Mar. 2024 (8.60).

TPT Global Tech Days Sales Outstanding Historical Data

The historical data trend for TPT Global Tech'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.

TPT Global Tech Days Sales Outstanding Chart

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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7.67

8.97

6.22

11.18

16.55

TPT Global Tech 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															35.52	36.36	27.34	14.00	8.60

Competitive Comparison of TPT Global Tech's Days Sales Outstanding

For the Communication Equipment subindustry, TPT Global Tech'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.

TPT Global Tech's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TPT Global Tech's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TPT Global Tech's Days Sales Outstanding falls into.

TPT Global Tech 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.

TPT Global Tech'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
=	( (0.271	+	0.028)	/	2 )	/	3.298	*	365
=	0.1495					/	3.298	*	365
=	16.55

TPT Global Tech'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
=	( (0.028	+	0.047)	/	2 )	/	0.398	*	365 / 4
=	0.0375					/	0.398	*	365 / 4
=	8.60

TPT Global Tech (OTCPK:TPTW) Days Sales Outstanding Explanation

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

TPT Global Tech Days Sales Outstanding Related Terms

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TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).