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ICEsoft Technologies Canada (XCNQ:ISFT) Days Sales Outstanding : 26.37 (As of Dec. 2023)


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What is ICEsoft Technologies Canada Days Sales Outstanding?

ICEsoft Technologies Canada's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.13 Mil. ICEsoft Technologies Canada's Revenue for the three months ended in Dec. 2023 was C$0.44 Mil. Hence, ICEsoft Technologies Canada's Days Sales Outstanding for the three months ended in Dec. 2023 was 26.37.

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

XCNQ:ISFT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.86   Med: 18.58   Max: 30.23
Current: 30.23

During the past 6 years, ICEsoft Technologies Canada's highest Days Sales Outstanding was 30.23. The lowest was 5.86. And the median was 18.58.

XCNQ:ISFT's Days Sales Outstanding is ranked better than
85.65% of 2731 companies
in the Software industry
Industry Median: 61.83 vs XCNQ:ISFT: 30.23

ICEsoft Technologies Canada's Days Sales Outstanding declined from Dec. 2022 (27.22) to Dec. 2023 (26.37).


ICEsoft Technologies Canada Days Sales Outstanding Historical Data

The historical data trend for ICEsoft Technologies Canada'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.

ICEsoft Technologies Canada Days Sales Outstanding Chart

ICEsoft Technologies Canada Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial 9.16 16.02 21.13 23.33 22.44

ICEsoft Technologies Canada 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.22 33.54 37.50 31.25 26.37

Competitive Comparison of ICEsoft Technologies Canada's Days Sales Outstanding

For the Software - Application subindustry, ICEsoft Technologies Canada'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.


ICEsoft Technologies Canada's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where ICEsoft Technologies Canada's Days Sales Outstanding falls into.



ICEsoft Technologies Canada 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.

ICEsoft Technologies Canada'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
=( (0.11 + 0.107) / 2 ) / 1.765*365
=0.1085 / 1.765*365
=22.44

ICEsoft Technologies Canada'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
=( (0.145 + 0.107) / 2 ) / 0.436*365 / 4
=0.126 / 0.436*365 / 4
=26.37

* 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.


ICEsoft Technologies Canada  (XCNQ:ISFT) Days Sales Outstanding Explanation

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


ICEsoft Technologies Canada Days Sales Outstanding Related Terms

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ICEsoft Technologies Canada (XCNQ:ISFT) Business Description

Traded in Other Exchanges
N/A
Address
3553 31st St. NW, Suite 261, Calgary, AB, CAN, T2L 2K7
ICEsoft Technologies Canada Corp and its subsidiaries are commercial Java open-source technology companies and providers of mobile-rich Internet applications development solutions for desktop and mobile enterprises. The solutions offered by the company include Voyent Alert, ICEfaces, and ICEpdf.

ICEsoft Technologies Canada (XCNQ:ISFT) Headlines

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