24SevenOffice Group AB (24SevenOffice Group AB) Days Sales Outstanding : 48.63 (As of Mar. 2024)

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What is 24SevenOffice Group AB Days Sales Outstanding?

24SevenOffice Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was $5.35 Mil. 24SevenOffice Group AB's Revenue for the three months ended in Mar. 2024 was $10.04 Mil. Hence, 24SevenOffice Group AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 48.63.

The historical rank and industry rank for 24SevenOffice Group AB's Days Sales Outstanding or its related term are showing as below:

TFSVF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.38 Med: 50.05 Max: 65.4
Current: 54.2

During the past 8 years, 24SevenOffice Group AB's highest Days Sales Outstanding was 65.40. The lowest was 37.38. And the median was 50.05.

TFSVF's Days Sales Outstanding is ranked better than
59.44% of 2732 companies
in the Software industry
Industry Median: 61.675 vs TFSVF: 54.20

24SevenOffice Group AB's Days Sales Outstanding declined from Mar. 2023 (59.06) to Mar. 2024 (48.63).

24SevenOffice Group AB Days Sales Outstanding Historical Data

The historical data trend for 24SevenOffice Group AB'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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24SevenOffice Group AB Days Sales Outstanding Chart

24SevenOffice Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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42.00

35.19

51.29

69.55

59.52

24SevenOffice Group AB Quarterly Data
	Jun19	Sep19	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															59.06	62.40	57.61	50.94	48.63

Competitive Comparison of 24SevenOffice Group AB's Days Sales Outstanding

For the Software - Application subindustry, 24SevenOffice Group AB'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.

24SevenOffice Group AB's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, 24SevenOffice Group AB's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where 24SevenOffice Group AB's Days Sales Outstanding falls into.

24SevenOffice Group AB 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.

24SevenOffice Group AB'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
=	( (4.904	+	5.503)	/	2 )	/	31.909	*	365
=	5.2035					/	31.909	*	365
=	59.52

24SevenOffice Group AB'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
=	( (5.503	+	5.197)	/	2 )	/	10.038	*	365 / 4
=	5.35					/	10.038	*	365 / 4
=	48.63

24SevenOffice Group AB (GREY:TFSVF) Days Sales Outstanding Explanation

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

24SevenOffice Group AB Days Sales Outstanding Related Terms

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24SevenOffice Group AB (24SevenOffice Group AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 24SevenOffice Group AB (GREY:TFSVF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

247:Sweden 719:Germany

Address

Dobelnsgatan 24, Stockholm, SWE, 11352

Website

https://www.24sevenoffice.com

24SevenOffice Group AB provides enterprise resource planning through cloud-based services and software as a service (SaaS). The company offers solutions mainly to small and medium-sized enterprises. It provides business with customer relationship management, Finance and Accounting software, Payroll, Project management, Time registration, and Reporting and travel expenses.

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