ReadCloud (ASX:RCL) Days Sales Outstanding : 168.37 (As of Sep. 2023)

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What is ReadCloud Days Sales Outstanding?

ReadCloud's average Accounts Receivable for the six months ended in Sep. 2023 was A$1.92 Mil. ReadCloud's Revenue for the six months ended in Sep. 2023 was A$2.08 Mil. Hence, ReadCloud's Days Sales Outstanding for the six months ended in Sep. 2023 was 168.37.

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

ASX:RCL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.48 Med: 18.74 Max: 50.13
Current: 50.13

During the past 7 years, ReadCloud's highest Days Sales Outstanding was 50.13. The lowest was 6.48. And the median was 18.74.

ASX:RCL's Days Sales Outstanding is ranked better than
64.74% of 2728 companies
in the Software industry
Industry Median: 61.815 vs ASX:RCL: 50.13

ReadCloud's Days Sales Outstanding increased from Sep. 2022 (0.00) to Sep. 2023 (168.37).

ReadCloud Days Sales Outstanding Historical Data

The historical data trend for ReadCloud'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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ReadCloud Days Sales Outstanding Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Days Sales Outstanding

Get a 7-Day Free Trial

10.23

6.48

17.02

20.45

22.08

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial						85.10	35.39	-	37.96	168.37

Competitive Comparison of ReadCloud's Days Sales Outstanding

For the Software - Application subindustry, ReadCloud'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.

ReadCloud's Days Sales Outstanding Distribution in the Software Industry

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

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

ReadCloud 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.

ReadCloud's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.428	+	0.824)	/	2 )	/	10.349	*	365
=	0.626					/	10.349	*	365
=	22.08

ReadCloud's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (3.012	+	0.824)	/	2 )	/	2.079	*	365 / 2
=	1.918					/	2.079	*	365 / 2
=	168.37

ReadCloud (ASX:RCL) Days Sales Outstanding Explanation

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

ReadCloud Days Sales Outstanding Related Terms

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ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.