Marti Technologies (Marti Technologies) Days Sales Outstanding : 3.17 (As of Dec. 2023)

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What is Marti Technologies Days Sales Outstanding?

Marti Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was $0.36 Mil. Marti Technologies's Revenue for the three months ended in Dec. 2023 was $10.30 Mil. Hence, Marti Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 3.17.

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

MRT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.9 Med: 1.79 Max: 11.85
Current: 11.85

During the past 4 years, Marti Technologies's highest Days Sales Outstanding was 11.85. The lowest was 0.90. And the median was 1.79.

MRT's Days Sales Outstanding is ranked better than
95.18% of 2736 companies
in the Software industry
Industry Median: 61.68 vs MRT: 11.85

Marti Technologies's Days Sales Outstanding increased from Dec. 2021 (1.48) to Dec. 2023 (3.17).

Marti Technologies Days Sales Outstanding Historical Data

The historical data trend for Marti Technologies'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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Marti Technologies Days Sales Outstanding Chart

Marti Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

1.08

0.90

2.50

4.10

Marti Technologies Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			1.48	-	1.95	-	3.17

Competitive Comparison of Marti Technologies's Days Sales Outstanding

For the Software - Application subindustry, Marti Technologies'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.

Marti Technologies's Days Sales Outstanding Distribution in the Software Industry

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

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

Marti Technologies 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.

Marti Technologies'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
=	( (0.287	+	0.163)	/	2 )	/	20.03	*	365
=	0.225					/	20.03	*	365
=	4.10

Marti Technologies'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
=	( (0.553	+	0.163)	/	2 )	/	10.299	*	365 / 4
=	0.358					/	10.299	*	365 / 4
=	3.17

Marti Technologies (AMEX:MRT) Days Sales Outstanding Explanation

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

Marti Technologies Days Sales Outstanding Related Terms

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Marti Technologies (Marti Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Marti Technologies Inc (AMEX:MRT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 S Street NW, Suite 320, Washington, DC, USA, 20009

Website

https://www.marti.tech

Marti Technologies Inc is a mobility app, operating a fleet of over 48,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.

Executives

Adam S Metz	director	110 NORTH WACKER DRIVE, CHICAGO IL 60606
Shelley Guiley	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Kemal Kaya	director, officer: Chief Executive Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Michael Tanzer	officer: Chief Financial Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Daniel Freifeld	director, 10 percent owner, officer: President and CIO	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Galata Acquisition Sponsor Llc	10 percent owner	2001 S STREET NW, SUITE 320, WASHINGTON DC 20009
Timothy Michael Shannon	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009