SolidX AB (XSAT:SOLIDX) Days Sales Outstanding : 30.72 (As of Jan. 2024)

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What is SolidX AB Days Sales Outstanding?

SolidX AB's average Accounts Receivable for the three months ended in Jan. 2024 was kr11.5 Mil. SolidX AB's Revenue for the three months ended in Jan. 2024 was kr34.1 Mil. Hence, SolidX AB's Days Sales Outstanding for the three months ended in Jan. 2024 was 30.72.

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

XSAT:SOLIDX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.61 Med: 46.17 Max: 66.48
Current: 39.61

During the past 3 years, SolidX AB's highest Days Sales Outstanding was 66.48. The lowest was 39.61. And the median was 46.17.

XSAT:SOLIDX's Days Sales Outstanding is ranked better than
77.52% of 2722 companies
in the Software industry
Industry Median: 61.8 vs XSAT:SOLIDX: 39.61

SolidX AB's Days Sales Outstanding declined from Jan. 2023 (35.11) to Jan. 2024 (30.72).

SolidX AB Days Sales Outstanding Historical Data

The historical data trend for SolidX AB'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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SolidX AB Days Sales Outstanding Chart

SolidX AB Annual Data

Trend

Apr20

Apr21

Apr22

Days Sales Outstanding

66.48

42.53

46.17

SolidX AB Quarterly Data
	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial										35.11	38.83	52.38	42.99	30.72

Competitive Comparison of SolidX AB's Days Sales Outstanding

For the Information Technology Services subindustry, SolidX AB'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.

SolidX AB's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where SolidX AB's Days Sales Outstanding falls into.

SolidX AB 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.

SolidX AB's Days Sales Outstanding for the fiscal year that ended in Apr. 2022 is calculated as

	Days Sales Outstanding (A: Apr. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2021 )	+	Accounts Receivable (A: Apr. 2022 ))	/	count )	/	Revenue (A: Apr. 2022 )	*	Days in Period
=	( (5.39	+	10.756)	/	2 )	/	63.815	*	365
=	8.073					/	63.815	*	365
=	46.17

SolidX AB's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (11.037	+	11.923)	/	2 )	/	34.103	*	365 / 4
=	11.48					/	34.103	*	365 / 4
=	30.72

SolidX AB (XSAT:SOLIDX) Days Sales Outstanding Explanation

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

SolidX AB Days Sales Outstanding Related Terms

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SolidX AB (XSAT:SOLIDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SolidX AB (XSAT:SOLIDX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sturegatan 12 A, Eslov, SWE, 241 31

Website

https://www.solidx.se

SolidX AB is an IT consulting company in Sweden.

SolidX AB (XSAT:SOLIDX) Headlines

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