VIQ Solutions (VIQ Solutions) Days Sales Outstanding : 40.89 (As of Sep. 2023)

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What is VIQ Solutions Days Sales Outstanding?

VIQ Solutions's average Accounts Receivable for the three months ended in Sep. 2023 was $4.53 Mil. VIQ Solutions's Revenue for the three months ended in Sep. 2023 was $10.10 Mil. Hence, VIQ Solutions's Days Sales Outstanding for the three months ended in Sep. 2023 was 40.89.

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

VQSSF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.32 Med: 49.38 Max: 81.13
Current: 42.77

During the past 13 years, VIQ Solutions's highest Days Sales Outstanding was 81.13. The lowest was 36.32. And the median was 49.38.

VQSSF's Days Sales Outstanding is ranked better than
73.38% of 2724 companies
in the Software industry
Industry Median: 61.8 vs VQSSF: 42.77

VIQ Solutions's Days Sales Outstanding increased from Sep. 2022 (37.53) to Sep. 2023 (40.89).

VIQ Solutions Days Sales Outstanding Historical Data

The historical data trend for VIQ Solutions'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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VIQ Solutions Days Sales Outstanding Chart

VIQ Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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82.85

50.56

46.92

50.88

37.34

VIQ Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															37.53	43.58	46.13	42.18	40.89

Competitive Comparison of VIQ Solutions's Days Sales Outstanding

For the Software - Application subindustry, VIQ Solutions'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.

VIQ Solutions's Days Sales Outstanding Distribution in the Software Industry

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

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

VIQ Solutions 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.

VIQ Solutions'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
=	( (4.423	+	4.957)	/	2 )	/	45.844	*	365
=	4.69					/	45.844	*	365
=	37.34

VIQ Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (4.517	+	4.537)	/	2 )	/	10.103	*	365 / 4
=	4.527					/	10.103	*	365 / 4
=	40.89

VIQ Solutions (OTCPK:VQSSF) Days Sales Outstanding Explanation

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

VIQ Solutions Days Sales Outstanding Related Terms

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VIQ Solutions (VIQ Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VIQ Solutions Inc (OTCPK:VQSSF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

VQS:Canada

Address

5915 Airport Road, Suite 700, Mississauga, ON, CAN, L4V 1T1

Website

https://www.viqsolutions.com

VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United Kingdom, Canada, the United States, and internationally. The reportable segments of the company are technology and related revenue which develops, distributes, and licenses computer-based digital solutions, and the technology services which provide recording and transcription services.