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Financial Gravity (Financial Gravity) Days Sales Outstanding : 12.63 (As of Jun. 2023)


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What is Financial Gravity Days Sales Outstanding?

Financial Gravity's average Accounts Receivable for the three months ended in Jun. 2023 was $0.23 Mil. Financial Gravity's Revenue for the three months ended in Jun. 2023 was $1.68 Mil. Hence, Financial Gravity's Days Sales Outstanding for the three months ended in Jun. 2023 was 12.63.

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

FGCO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.2   Med: 11.06   Max: 19.1
Current: 19.1

During the past 13 years, Financial Gravity's highest Days Sales Outstanding was 19.10. The lowest was 6.20. And the median was 11.06.

FGCO's Days Sales Outstanding is ranked better than
76.06% of 71 companies
in the Diversified Financial Services industry
Industry Median: 65.26 vs FGCO: 19.10

Financial Gravity's Days Sales Outstanding declined from Mar. 2022 (14.05) to Jun. 2023 (12.63).


Financial Gravity Days Sales Outstanding Historical Data

The historical data trend for Financial Gravity'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.

* Premium members only.

Financial Gravity Days Sales Outstanding Chart

Financial Gravity Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 7.39 15.15 11.73 16.03

Financial Gravity Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.05 15.43 14.91 14.95 12.63

Competitive Comparison of Financial Gravity's Days Sales Outstanding

For the Financial Conglomerates subindustry, Financial Gravity'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.


Financial Gravity's Days Sales Outstanding Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Financial Gravity's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Financial Gravity's Days Sales Outstanding falls into.



Financial Gravity 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.

Financial Gravity's Days Sales Outstanding for the fiscal year that ended in Sep. 2022 is calculated as

Days Sales Outstanding (A: Sep. 2022 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2021 ) + Accounts Receivable (A: Sep. 2022 )) / count ) / Revenue (A: Sep. 2022 )*Days in Period
=( (0.27 + 0.224) / 2 ) / 5.623*365
=0.247 / 5.623*365
=16.03

Financial Gravity'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
=( (0.233 + 0) / 1 ) / 1.684*365 / 4
=0.233 / 1.684*365 / 4
=12.63

* 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.


Financial Gravity  (OTCPK:FGCO) Days Sales Outstanding Explanation

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


Financial Gravity Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Financial Gravity's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.


Financial Gravity (Financial Gravity) Business Description

Traded in Other Exchanges
N/A
Address
2501 Ranch Road 620 South, Suite 110, Lakeway, TX, USA, 78734
Financial Gravity Companies Inc through its subsidiaries helps investment advisors and tax professionals expand their businesses by adding additional services, including their own multi-family office. Financial services professionals are able to leverage Financial Gravity systems, technology, proprietary resources, and deep domain expertise to provide a comprehensive financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. The company's operating segments include FGCO; Forta; FGAM; FGFOS; FGIS; FGEM; and TMN.
Executives
Mark John Williams director 26420 VIA MALLORCA, CARMEL CA 93923
William Robert Nelson director 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Gary Joel Nemer director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Jennifer Winters director 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Scott Christopher Winters director, officer: CEO, Co-Chairman of the Board 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Paul O Williams director, officer: Chief Financial Officer 800 N. WATTERS ROAD. SUITE 120, ALLEN TX 75013
Debra Lynn Buckner officer: Chief Operating Officer 8505 S. COUNTRY CLUB DRIVE, OKLAHOMA CITY OK 73159
David W. Myers director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Todd Bourgeois director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Michael Lin Ashby director 800 N. WATTERS RD., SUITE 150, ALLEN TX 75013
John David Pollock director, 10 percent owner, officer: CEO 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
Ricky J Johnson officer: Chief Operating Officer 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
George E Crumley director 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
James F. Reggio officer: CTO and Chief Mktg Officer 3607 POLO RUN DR., FLOWER MOUND TX 75028
Arthur David Crowley director, officer: Pres. and Ch. Strategy Officer 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013