FTC Solar (FRA:6YK) Days Sales Outstanding : 346.08 (As of Mar. 2024)

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What is FTC Solar Days Sales Outstanding?

FTC Solar's average Accounts Receivable for the three months ended in Mar. 2024 was €43.92 Mil. FTC Solar's Revenue for the three months ended in Mar. 2024 was €11.58 Mil. Hence, FTC Solar's Days Sales Outstanding for the three months ended in Mar. 2024 was 346.08.

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

FRA:6YK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.76 Med: 96.52 Max: 166.3
Current: 166.3

During the past 5 years, FTC Solar's highest Days Sales Outstanding was 166.30. The lowest was 36.76. And the median was 96.52.

FRA:6YK's Days Sales Outstanding is ranked worse than
94.29% of 981 companies
in the Semiconductors industry
Industry Median: 62.83 vs FRA:6YK: 166.30

FTC Solar's Days Sales Outstanding increased from Mar. 2023 (81.54) to Mar. 2024 (346.08).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

FTC Solar Days Sales Outstanding Historical Data

The historical data trend for FTC Solar'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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FTC Solar Days Sales Outstanding Chart

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

96.52

38.06

40.88

106.11

118.64

FTC Solar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial													81.54	112.36	136.27	191.16	346.08

Competitive Comparison of FTC Solar's Days Sales Outstanding

For the Solar subindustry, FTC Solar'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.

FTC Solar's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Days Sales Outstanding distribution charts can be found below:

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

FTC Solar 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.

FTC Solar'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
=	( (33.386	+	42.321)	/	2 )	/	116.461	*	365
=	37.8535					/	116.461	*	365
=	118.64

FTC Solar'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
=	( (42.321	+	45.516)	/	2 )	/	11.58	*	365 / 4
=	43.9185					/	11.58	*	365 / 4
=	346.08

FTC Solar (FRA:6YK) Days Sales Outstanding Explanation

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

FTC Solar Days Sales Outstanding Related Terms

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FTC Solar (FRA:6YK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (FRA:6YK) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

FTCI:USA

Address

9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.

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