Red Ideas Holdings Bhd (XKLS:03002) Days Sales Outstanding : 34.41 (As of Jun. 2023)

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What is Red Ideas Holdings Bhd Days Sales Outstanding?

Red Ideas Holdings Bhd's average Accounts Receivable for the six months ended in Jun. 2023 was RM0.48 Mil. Red Ideas Holdings Bhd's Revenue for the six months ended in Jun. 2023 was RM2.57 Mil. Hence, Red Ideas Holdings Bhd's Days Sales Outstanding for the six months ended in Jun. 2023 was 34.41.

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

XKLS:03002' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.21 Med: 54.04 Max: 123.42
Current: 36.21

During the past 7 years, Red Ideas Holdings Bhd's highest Days Sales Outstanding was 123.42. The lowest was 36.21. And the median was 54.04.

XKLS:03002's Days Sales Outstanding is ranked better than
80.78% of 2737 companies
in the Software industry
Industry Median: 61.8 vs XKLS:03002: 36.21

Red Ideas Holdings Bhd's Days Sales Outstanding declined from Jun. 2022 (40.63) to Jun. 2023 (34.41).

Red Ideas Holdings Bhd Days Sales Outstanding Historical Data

The historical data trend for Red Ideas Holdings Bhd'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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Red Ideas Holdings Bhd Days Sales Outstanding Chart

Red Ideas Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

Get a 7-Day Free Trial

55.85

60.89

52.22

46.90

37.59

Red Ideas Holdings Bhd Semi-Annual Data
	Dec15	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial									50.49	40.42	40.63	37.10	34.41

Competitive Comparison of Red Ideas Holdings Bhd's Days Sales Outstanding

For the Software - Application subindustry, Red Ideas Holdings Bhd'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.

Red Ideas Holdings Bhd's Days Sales Outstanding Distribution in the Software Industry

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

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

Red Ideas Holdings Bhd 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.

Red Ideas Holdings Bhd's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.503	+	0.468)	/	2 )	/	4.714	*	365
=	0.4855					/	4.714	*	365
=	37.59

Red Ideas Holdings Bhd's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.468	+	0.5)	/	2 )	/	2.567	*	365 / 2
=	0.484					/	2.567	*	365 / 2
=	34.41

Red Ideas Holdings Bhd (XKLS:03002) Days Sales Outstanding Explanation

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

Red Ideas Holdings Bhd Days Sales Outstanding Related Terms

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Red Ideas Holdings Bhd (XKLS:03002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Red Ideas Holdings Bhd (XKLS:03002) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pusat Dagangan Phileo Damansara 1, Jalan 16/11, Unit 606, Block G, Seksyen 16, Petaling Jaya, SGR, MYS, 46350

Website

http://www.redideasholdings.com

Red Ideas Holdings Bhd develops and sells software products and solutions to residential or commercial communities. It delivers community services and solutions related to security, communication and convenience, by leveraging on mobile application platform. It offers JaGaApp Platform, with features like emergency assist, intercom Call, real-time notice board, visitor registration and many more.

Red Ideas Holdings Bhd (XKLS:03002) Headlines

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