Rikei (TSE:8226) Days Sales Outstanding : 87.08 (As of Dec. 2023)

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What is Rikei Days Sales Outstanding?

Rikei's average Accounts Receivable for the three months ended in Dec. 2023 was 円2,555 Mil. Rikei's Revenue for the three months ended in Dec. 2023 was 円2,678 Mil. Hence, Rikei's Days Sales Outstanding for the three months ended in Dec. 2023 was 87.08.

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

TSE:8226' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.82 Med: 86.47 Max: 116.7
Current: 82.47

During the past 13 years, Rikei's highest Days Sales Outstanding was 116.70. The lowest was 75.82. And the median was 86.47.

TSE:8226's Days Sales Outstanding is ranked worse than
67.73% of 2724 companies
in the Software industry
Industry Median: 61.74 vs TSE:8226: 82.47

Rikei's Days Sales Outstanding declined from Dec. 2022 (98.65) to Dec. 2023 (87.08).

Rikei Days Sales Outstanding Historical Data

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

Rikei Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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86.47

90.87

86.34

75.82

83.39

Rikei Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															98.65	69.12	82.74	95.36	87.08

Competitive Comparison of Rikei's Days Sales Outstanding

For the Information Technology Services subindustry, Rikei'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.

Rikei's Days Sales Outstanding Distribution in the Software Industry

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

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

Rikei 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.

Rikei's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (2363.695	+	2335.645)	/	2 )	/	10285.008	*	365
=	2349.67					/	10285.008	*	365
=	83.39

Rikei's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2671.662	+	2439.301)	/	2 )	/	2677.834	*	365 / 4
=	2555.4815					/	2677.834	*	365 / 4
=	87.08

Rikei (TSE:8226) Days Sales Outstanding Explanation

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

Rikei Days Sales Outstanding Related Terms

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Rikei (TSE:8226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rikei Corp (TSE:8226) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shinjuku Nomura Building, 1-26-2 Nishi Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0535

Website

http://www.rikei.co.jp

Rikei Corp is a solution provider for the IT and electronics industries. Rikei offers a wide variety of solutions and advanced products in the fields of system solutions such as IT infrastructure, office systems, digital marketing, business administration strategy, IoT, VR and information security. It also provides network solutions such as satellite communication, data transfer systems, digital video transfer systems, network systems for telecommunication operators and other private companies. In addition to solutions, it provides electronic components and devices, such as high-frequency components, adhesives for industrial use, testers for automotive audio and navigation equipment, power grid analysis systems, and defence-related machinery.

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