TIS (TSE:3626) Days Sales Outstanding : 88.10 (As of Dec. 2023)

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What is TIS Days Sales Outstanding?

TIS's average Accounts Receivable for the three months ended in Dec. 2023 was 円132,520 Mil. TIS's Revenue for the three months ended in Dec. 2023 was 円137,256 Mil. Hence, TIS's Days Sales Outstanding for the three months ended in Dec. 2023 was 88.10.

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

TSE:3626' s Days Sales Outstanding Range Over the Past 10 Years
Min: 71.89 Med: 80.8 Max: 87.18
Current: 83.76

During the past 13 years, TIS's highest Days Sales Outstanding was 87.18. The lowest was 71.89. And the median was 80.80.

TSE:3626's Days Sales Outstanding is ranked worse than
68.49% of 2726 companies
in the Software industry
Industry Median: 62.175 vs TSE:3626: 83.76

TIS's Days Sales Outstanding increased from Dec. 2022 (83.71) to Dec. 2023 (88.10).

TIS Days Sales Outstanding Historical Data

The historical data trend for TIS'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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TIS Days Sales Outstanding Chart

TIS Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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79.18

76.30

84.96

84.23

87.18

TIS 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															83.71	80.33	86.79	83.05	88.10

Competitive Comparison of TIS's Days Sales Outstanding

For the Information Technology Services subindustry, TIS'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.

TIS's Days Sales Outstanding Distribution in the Software Industry

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

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

TIS 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.

TIS's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (111361	+	131488)	/	2 )	/	508400	*	365
=	121424.5					/	508400	*	365
=	87.18

TIS'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
=	( (136606	+	128434)	/	2 )	/	137256	*	365 / 4
=	132520					/	137256	*	365 / 4
=	88.10

TIS (TSE:3626) Days Sales Outstanding Explanation

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

TIS Days Sales Outstanding Related Terms

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TIS (TSE:3626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TIS Inc (TSE:3626) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

4HO:Germany

Address

17-1, Nishishinjuku 8-chome, Shinjuku-ku, Toyama, JPN, 160-0023

Website

http://www.tis.com

TIS Inc is a Japan-based company engaged in providing information technology (IT) related services including outsourcing services, software development, and solution services regarding investments in information technology. The company's segments include IT Infrastructure Services, Financial IT Services, Industrial IT Services. The IT Infrastructure Services segment provides computer utility, that is, operation services, under in-house control through the use of large IT facilities such as data centers. The Financial IT Services segment applies finance-specific business knowhow and IT to support the shift toward greater use of IT in business operations and the execution of business activities drawing on the power of IT.

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