Turnium Technology Group (TSXV:TTGI) Days Sales Outstanding : 25.12 (As of Dec. 2023)

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What is Turnium Technology Group Days Sales Outstanding?

Turnium Technology Group's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.35 Mil. Turnium Technology Group's Revenue for the three months ended in Dec. 2023 was C$1.28 Mil. Hence, Turnium Technology Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 25.12.

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

TSXV:TTGI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.61 Med: 37.67 Max: 43.24
Current: 28.61

During the past 4 years, Turnium Technology Group's highest Days Sales Outstanding was 43.24. The lowest was 28.61. And the median was 37.67.

TSXV:TTGI's Days Sales Outstanding is ranked better than
86.88% of 2736 companies
in the Software industry
Industry Median: 61.68 vs TSXV:TTGI: 28.61

Turnium Technology Group's Days Sales Outstanding declined from Dec. 2022 (39.35) to Dec. 2023 (25.12).

Turnium Technology Group Days Sales Outstanding Historical Data

The historical data trend for Turnium Technology Group'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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Turnium Technology Group Days Sales Outstanding Chart

Turnium Technology Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

43.24

39.41

35.93

29.72

Turnium Technology Group Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								39.35	37.35	22.04	25.90	25.12

Competitive Comparison of Turnium Technology Group's Days Sales Outstanding

For the Software - Infrastructure subindustry, Turnium Technology Group'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.

Turnium Technology Group's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Turnium Technology Group's Days Sales Outstanding falls into.

Turnium Technology Group 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.

Turnium Technology Group'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
=	( (0.497	+	0.352)	/	2 )	/	5.213	*	365
=	0.4245					/	5.213	*	365
=	29.72

Turnium Technology Group'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
=	( (0.352	+	0.355)	/	2 )	/	1.284	*	365 / 4
=	0.3535					/	1.284	*	365 / 4
=	25.12

Turnium Technology Group (TSXV:TTGI) Days Sales Outstanding Explanation

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

Turnium Technology Group Days Sales Outstanding Related Terms

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Turnium Technology Group (TSXV:TTGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Turnium Technology Group Inc (TSXV:TTGI) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

E48:Germany

Address

3355 Grandview Hwy, Vancouver, BC, CAN, V5M 1Z5

Website

https://www.turnium.com

Turnium Technology Group Inc invests in companies that are creating software-defined networks for service providers, enterprises, and small-medium business. The company deliver its software-defined wide area networking solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service.

Executives

Ralph Garcea

Director

Turnium Technology Group (TSXV:TTGI) Headlines

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