OFX Group (ASX:OFX) Days Sales Outstanding : 17.99 (As of Sep. 2023)

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What is OFX Group Days Sales Outstanding?

OFX Group's average Accounts Receivable for the six months ended in Sep. 2023 was A$11.3 Mil. OFX Group's Revenue for the six months ended in Sep. 2023 was A$114.6 Mil. Hence, OFX Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 17.99.

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

ASX:OFX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.79 Med: 10.7 Max: 17.9
Current: 17.9

During the past 10 years, OFX Group's highest Days Sales Outstanding was 17.90. The lowest was 5.79. And the median was 10.70.

ASX:OFX's Days Sales Outstanding is ranked better than
78.61% of 561 companies
in the Capital Markets industry
Industry Median: 62.37 vs ASX:OFX: 17.90

OFX Group's Days Sales Outstanding declined from Sep. 2022 (18.32) to Sep. 2023 (17.99).

OFX Group Days Sales Outstanding Historical Data

The historical data trend for OFX 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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OFX Group Days Sales Outstanding Chart

OFX Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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5.79

9.19

13.81

12.21

OFX Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															13.00	11.39	18.32	17.81	17.99

Competitive Comparison of OFX Group's Days Sales Outstanding

For the Capital Markets subindustry, OFX 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.

OFX Group's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, OFX Group's Days Sales Outstanding distribution charts can be found below:

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

OFX 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.

OFX Group'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
=	( (0	+	0)	/	1 )	/	225.007	*	365
=	0					/	225.007	*	365
=	0.00

OFX Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0	+	11.299)	/	1 )	/	114.595	*	365 / 2
=	11.299					/	114.595	*	365 / 2
=	17.99

OFX Group (ASX:OFX) Days Sales Outstanding Explanation

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

OFX Group Days Sales Outstanding Related Terms

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OFX Group (ASX:OFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (ASX:OFX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000

Website

https://www.ofx.com

OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

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