Magnet Forensics (TSX:MAGT) Days Sales Outstanding : 61.15 (As of Dec. 2022)

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What is Magnet Forensics Days Sales Outstanding?

Magnet Forensics's average Accounts Receivable for the three months ended in Dec. 2022 was C$28.2 Mil. Magnet Forensics's Revenue for the three months ended in Dec. 2022 was C$42.1 Mil. Hence, Magnet Forensics's Days Sales Outstanding for the three months ended in Dec. 2022 was 61.15.

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

TSX:MAGT's Days Sales Outstanding is not ranked ^*
in the Software industry.
Industry Median: 62.03
* Ranked among companies with meaningful Days Sales Outstanding only.

Magnet Forensics's Days Sales Outstanding declined from Dec. 2021 (80.08) to Dec. 2022 (61.15).

Magnet Forensics Days Sales Outstanding Historical Data

The historical data trend for Magnet Forensics'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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Magnet Forensics Days Sales Outstanding Chart

Magnet Forensics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

79.31

69.10

68.22

81.70

74.86

Magnet Forensics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Sales Outstanding	Get a 7-Day Free Trial									80.08	80.98	64.13	72.44	61.15

Competitive Comparison of Magnet Forensics's Days Sales Outstanding

For the Software - Application subindustry, Magnet Forensics'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.

Magnet Forensics's Days Sales Outstanding Distribution in the Software Industry

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

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

Magnet Forensics 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.

Magnet Forensics's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (27.199	+	27.932)	/	2 )	/	134.402	*	365
=	27.5655					/	134.402	*	365
=	74.86

Magnet Forensics's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding (Q: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (28.528	+	27.932)	/	2 )	/	42.127	*	365 / 4
=	28.23					/	42.127	*	365 / 4
=	61.15

Magnet Forensics (TSX:MAGT) Days Sales Outstanding Explanation

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

Magnet Forensics Days Sales Outstanding Related Terms

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Magnet Forensics (TSX:MAGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magnet Forensics Inc (TSX:MAGT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2220 University Avenue East, Suite 300, Waterloo, ON, CAN, N2K0A8

Website

https://www.magnetforensics.com

Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.

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