FORTEC Elektronik AG (XTER:FEV) Days Sales Outstanding : 44.31 (As of Dec. 2023)

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What is FORTEC Elektronik AG Days Sales Outstanding?

FORTEC Elektronik AG's average Accounts Receivable for the three months ended in Dec. 2023 was €9.9 Mil. FORTEC Elektronik AG's Revenue for the three months ended in Dec. 2023 was €20.4 Mil. Hence, FORTEC Elektronik AG's Days Sales Outstanding for the three months ended in Dec. 2023 was 44.31.

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

XTER:FEV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.83 Med: 36.53 Max: 48.56
Current: 37.24

During the past 13 years, FORTEC Elektronik AG's highest Days Sales Outstanding was 48.56. The lowest was 33.83. And the median was 36.53.

XTER:FEV's Days Sales Outstanding is ranked better than
89.06% of 2459 companies
in the Hardware industry
Industry Median: 74.52 vs XTER:FEV: 37.24

FORTEC Elektronik AG's Days Sales Outstanding increased from Dec. 2022 (40.10) to Dec. 2023 (44.31).

FORTEC Elektronik AG Days Sales Outstanding Historical Data

The historical data trend for FORTEC Elektronik AG'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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FORTEC Elektronik AG Days Sales Outstanding Chart

FORTEC Elektronik AG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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34.86

35.94

42.34

39.73

38.09

FORTEC Elektronik AG 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															40.10	33.80	38.65	39.58	44.31

Competitive Comparison of FORTEC Elektronik AG's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, FORTEC Elektronik AG'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.

FORTEC Elektronik AG's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FORTEC Elektronik AG's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where FORTEC Elektronik AG's Days Sales Outstanding falls into.

FORTEC Elektronik AG 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.

FORTEC Elektronik AG's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (10.683	+	11.408)	/	2 )	/	105.854	*	365
=	11.0455					/	105.854	*	365
=	38.09

FORTEC Elektronik AG'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
=	( (11.653	+	8.131)	/	2 )	/	20.37	*	365 / 4
=	9.892					/	20.37	*	365 / 4
=	44.31

FORTEC Elektronik AG (XTER:FEV) Days Sales Outstanding Explanation

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

FORTEC Elektronik AG Days Sales Outstanding Related Terms

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FORTEC Elektronik AG (XTER:FEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FORTEC Elektronik AG (XTER:FEV) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FEV:Germany FEV:Germany FEV:Germany

Address

Augsburger Str 2B, Germering, DEU, 82110

Website

https://www.fortecag.de

FORTEC Elektronik AG is a Germany based company. It is a system supplier for equipment manufacturers of industrial high-tech products. Its product portfolio includes large format displays, displays with LED backlight, touchscreens, single board computer, embedded motherboards, slot CPU cards, and VacuBond. chassis mount, external power supplies, among others.

Executives

Sandra Maile

Board of Directors

FORTEC Elektronik AG (XTER:FEV) Headlines

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