POSaBIT Systems (XCNQ:PBIT) Days Sales Outstanding : 13.43 (As of Sep. 2024)

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What is POSaBIT Systems Days Sales Outstanding?

POSaBIT Systems's average Accounts Receivable for the three months ended in Sep. 2024 was C$0.81 Mil. POSaBIT Systems's Revenue for the three months ended in Sep. 2024 was C$5.53 Mil. Hence, POSaBIT Systems's Days Sales Outstanding for the three months ended in Sep. 2024 was 13.43.

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

XCNQ:PBIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.87 Med: 36.22 Max: 55.26
Current: 22.92

During the past 7 years, POSaBIT Systems's highest Days Sales Outstanding was 55.26. The lowest was 16.87. And the median was 36.22.

XCNQ:PBIT's Days Sales Outstanding is ranked better than
89.86% of 2722 companies
in the Software industry
Industry Median: 62.195 vs XCNQ:PBIT: 22.92

POSaBIT Systems's Days Sales Outstanding declined from Sep. 2023 (15.78) to Sep. 2024 (13.43).

POSaBIT Systems Days Sales Outstanding Historical Data

The historical data trend for POSaBIT Systems'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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POSaBIT Systems Days Sales Outstanding Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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48.91

55.26

36.22

19.27

16.87

POSaBIT Systems Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															15.78	27.78	29.72	19.59	13.43

Competitive Comparison of POSaBIT Systems's Days Sales Outstanding

For the Software - Application subindustry, POSaBIT Systems'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.

POSaBIT Systems's Days Sales Outstanding Distribution in the Software Industry

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

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

POSaBIT Systems 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.

POSaBIT Systems'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
=	( (3.729	+	1.674)	/	2 )	/	58.46	*	365
=	2.7015					/	58.46	*	365
=	16.87

POSaBIT Systems's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (0.852	+	0.776)	/	2 )	/	5.531	*	365 / 4
=	0.814					/	5.531	*	365 / 4
=	13.43

POSaBIT Systems (XCNQ:PBIT) Days Sales Outstanding Explanation

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

POSaBIT Systems Days Sales Outstanding Related Terms

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POSaBIT Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Days Sales Outstanding

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POSAF:USA

Address

15 Lake Bellevue Drive, Suite 101, Bellevue, WA, USA, 98005

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The company earns revenue from i) Payment services, Point-of-Sale (POS) Services, License of technology, and Support services related to its sale of license. The Company also earns revenue from rental and sale of hardware related to its payment and POS services. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Ryan Richard Hamlin	10% Security Holder, Director, Senior Officer
Bruce Alan Jaffe	Director
Alex Sharp	10% Security Holder
Stephen Mark Gledhill	Senior Officer
Jeffrey John Dossett	Director
Andrew Paul Sweet	Senior Officer

POSaBIT Systems Headlines

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