ReadyTech Holdings (ASX:RDY) Days Sales Outstanding : 36.44 (As of Dec. 2023)

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What is ReadyTech Holdings Days Sales Outstanding?

ReadyTech Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$10.9 Mil. ReadyTech Holdings's Revenue for the six months ended in Dec. 2023 was A$54.7 Mil. Hence, ReadyTech Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 36.44.

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

ASX:RDY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.19 Med: 39.02 Max: 43.68
Current: 36.36

During the past 5 years, ReadyTech Holdings's highest Days Sales Outstanding was 43.68. The lowest was 31.19. And the median was 39.02.

ASX:RDY's Days Sales Outstanding is ranked better than
80.43% of 2728 companies
in the Software industry
Industry Median: 61.815 vs ASX:RDY: 36.36

ReadyTech Holdings's Days Sales Outstanding declined from Dec. 2022 (43.05) to Dec. 2023 (36.44).

ReadyTech Holdings Days Sales Outstanding Historical Data

The historical data trend for ReadyTech Holdings'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.

* Premium members only.

ReadyTech Holdings Days Sales Outstanding Chart

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

34.55

31.19

39.48

43.68

39.02

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial						39.48	42.38	43.05	35.59	36.44

Competitive Comparison of ReadyTech Holdings's Days Sales Outstanding

For the Software - Application subindustry, ReadyTech Holdings'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.

ReadyTech Holdings's Days Sales Outstanding Distribution in the Software Industry

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

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

ReadyTech Holdings 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.

ReadyTech Holdings'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
=	( (11.529	+	10.557)	/	2 )	/	103.306	*	365
=	11.043					/	103.306	*	365
=	39.02

ReadyTech Holdings'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (10.557	+	11.297)	/	2 )	/	54.726	*	365 / 2
=	10.927					/	54.726	*	365 / 2
=	36.44

ReadyTech Holdings (ASX:RDY) Days Sales Outstanding Explanation

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

ReadyTech Holdings Days Sales Outstanding Related Terms

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ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.