Virnect Co (XKRX:438700) Days Sales Outstanding : 65.18 (As of Mar. 2024)

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What is Virnect Co Days Sales Outstanding?

Virnect Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩683 Mil. Virnect Co's Revenue for the three months ended in Mar. 2024 was ₩956 Mil. Hence, Virnect Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 65.18.

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

XKRX:438700' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.11 Med: 49.1 Max: 53.07
Current: 27.11

During the past 3 years, Virnect Co's highest Days Sales Outstanding was 53.07. The lowest was 27.11. And the median was 49.10.

XKRX:438700's Days Sales Outstanding is ranked better than
88% of 2725 companies
in the Software industry
Industry Median: 61.83 vs XKRX:438700: 27.11

Virnect Co's Days Sales Outstanding increased from Dec. 2022 (29.99) to Mar. 2024 (65.18).

Virnect Co Days Sales Outstanding Historical Data

The historical data trend for Virnect Co'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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Virnect Co Days Sales Outstanding Chart

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

49.10

45.98

53.07

Virnect Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial			29.99	39.81	15.42	13.87	65.18

Competitive Comparison of Virnect Co's Days Sales Outstanding

For the Software - Application subindustry, Virnect Co'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.

Virnect Co's Days Sales Outstanding Distribution in the Software Industry

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

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

Virnect Co 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.

Virnect Co'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
=	( (793.871	+	1096.886)	/	2 )	/	6501.962	*	365
=	945.3785					/	6501.962	*	365
=	53.07

Virnect Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1096.886	+	269.333)	/	2 )	/	956.38	*	365 / 4
=	683.1095					/	956.38	*	365 / 4
=	65.18

Virnect Co (XKRX:438700) Days Sales Outstanding Explanation

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

Virnect Co Days Sales Outstanding Related Terms

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Virnect Co (XKRX:438700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

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