iCoreConnect (iCoreConnect) Days Sales Outstanding : 18.03 (As of Mar. 2024)

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What is iCoreConnect Days Sales Outstanding?

iCoreConnect's average Accounts Receivable for the three months ended in Mar. 2024 was $0.54 Mil. iCoreConnect's Revenue for the three months ended in Mar. 2024 was $2.72 Mil. Hence, iCoreConnect's Days Sales Outstanding for the three months ended in Mar. 2024 was 18.03.

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

ICCT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 10.62 Med: 25.83 Max: 87.58
Current: 19.25

During the past 13 years, iCoreConnect's highest Days Sales Outstanding was 87.58. The lowest was 10.62. And the median was 25.83.

ICCT's Days Sales Outstanding is ranked better than
83% of 641 companies
in the Healthcare Providers & Services industry
Industry Median: 46.87 vs ICCT: 19.25

iCoreConnect's Days Sales Outstanding declined from Mar. 2023 (18.77) to Mar. 2024 (18.03).

iCoreConnect Days Sales Outstanding Historical Data

The historical data trend for iCoreConnect'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.

iCoreConnect Days Sales Outstanding Chart

iCoreConnect Annual Data

Trend

Jun12

Jun13

Jun14

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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58.49

19.50

27.80

23.85

21.92

iCoreConnect Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															18.77	17.40	21.94	21.64	18.03

Competitive Comparison of iCoreConnect's Days Sales Outstanding

For the Health Information Services subindustry, iCoreConnect'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.

iCoreConnect's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's Days Sales Outstanding distribution charts can be found below:

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

iCoreConnect 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.

iCoreConnect'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
=	( (0.415	+	0.564)	/	2 )	/	8.152	*	365
=	0.4895					/	8.152	*	365
=	21.92

iCoreConnect's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.564	+	0.512)	/	2 )	/	2.723	*	365 / 4
=	0.538					/	2.723	*	365 / 4
=	18.03

iCoreConnect (NAS:ICCT) Days Sales Outstanding Explanation

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

iCoreConnect Days Sales Outstanding Related Terms

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iCoreConnect (iCoreConnect) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » iCoreConnect Inc (NAS:ICCT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

529 E Crown Point Road, Suite 250, Ocoee, FL, USA, 34761

Website

https://www.icoreconnect.com

iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The Company has a single reporting segment for reporting purposes focused on the North American market.

Executives

Archit Shah	officer: Chief Financial Officer	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
John Pasqual	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Joseph Gitto	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Muralidar Chakravarthi	officer: Chief Technology Officer	529 EAST CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Harry Joseph Travis	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
David A. Fidanza	officer: Chief Information Officer	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Robert P Mcdermott	director, 10 percent owner, officer: CEO, President and Chairman	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Mark Penway	officer: Chief Financial Officer	105 S MAPLE STREET, ITASCA IL 60143
Kevin Patrick Mcdermott	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Jefff Wayne Stellinga	director	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Robert A Desanti	director, 10 percent owner	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Jeff L Sutton	director	105 S MAPLE STREET, ITASCA IL 60143
Ryan Turner	director	105 S MAPLE STREET, ITASCA IL 60143
Marvin Wesley Schrader	director, officer: Chief Executive Officer	105 S MAPLE STREET, ITASCA IL 60143
Fg Merger Investors Llc	10 percent owner	105 S MAPLE STREET, ITASCA IL 60143