Reliance Global Group (Reliance Global Group) Days Sales Outstanding : 34.58 (As of Dec. 2023)

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What is Reliance Global Group Days Sales Outstanding?

Reliance Global Group's average Accounts Receivable for the three months ended in Dec. 2023 was $1.26 Mil. Reliance Global Group's Revenue for the three months ended in Dec. 2023 was $3.32 Mil. Hence, Reliance Global Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 34.58.

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

RELI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.1 Med: 31.73 Max: 374.61
Current: 29.29

During the past 10 years, Reliance Global Group's highest Days Sales Outstanding was 374.61. The lowest was 9.10. And the median was 31.73.

RELI's Days Sales Outstanding is ranked better than
68.42% of 57 companies
in the Insurance industry
Industry Median: 61.93 vs RELI: 29.29

Reliance Global Group's Days Sales Outstanding increased from Dec. 2022 (30.66) to Dec. 2023 (34.58).

Reliance Global Group Days Sales Outstanding Historical Data

The historical data trend for Reliance Global 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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Reliance Global Group Days Sales Outstanding Chart

Reliance Global Group Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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9.10

24.36

35.62

31.73

30.81

Reliance Global Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															30.66	23.11	28.27	30.78	34.58

Competitive Comparison of Reliance Global Group's Days Sales Outstanding

For the Insurance Brokers subindustry, Reliance Global 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.

Reliance Global Group's Days Sales Outstanding Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Reliance Global Group's Days Sales Outstanding distribution charts can be found below:

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

Reliance Global 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.

Reliance Global Group'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
=	( (1.013	+	1.305)	/	2 )	/	13.732	*	365
=	1.159					/	13.732	*	365
=	30.81

Reliance Global 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
=	( (1.212	+	1.305)	/	2 )	/	3.321	*	365 / 4
=	1.2585					/	3.321	*	365 / 4
=	34.58

Reliance Global Group (NAS:RELI) Days Sales Outstanding Explanation

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

Reliance Global Group Days Sales Outstanding Related Terms

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Reliance Global Group (Reliance Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reliance Global Group Inc (NAS:RELI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701

Website

https://www.relianceglobalgroup.com

Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. It generates revenue in the form of commissions.

Executives

Yaakov Beyman	officer: Executive VP, Insurance	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Ezra Beyman	officer: CEO	300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
William Y. Lebovics	officer: Chief Financial Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Joel Markovits	officer: Chief Accounting Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Reliance Global Holdings Llc	officer: CEO	300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701
Miriam Spitz	other: Director of Investor Services	18 SCENIC DRIVE, SUFFERN NY 10901
Alex Blumenfrucht	officer: CFO	517 REYNOLDS AVE, TOMS RIVER NJ 08755
Jack Namer	director, 10 percent owner, officer: Chief Executive Officer	1500 NW 65TH AVENUE PLANTATION FL 33313
Amy M. Nalewaik	10 percent owner	1500 NW 65TH AVENUE PLANTATION FL 33313