Fomo Worldwide (Fomo Worldwide) Days Sales Outstanding : 84.81 (As of Sep. 2023)

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What is Fomo Worldwide Days Sales Outstanding?

Fomo Worldwide's average Accounts Receivable for the three months ended in Sep. 2023 was $0.57 Mil. Fomo Worldwide's Revenue for the three months ended in Sep. 2023 was $0.61 Mil. Hence, Fomo Worldwide's Days Sales Outstanding for the three months ended in Sep. 2023 was 84.81.

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

IGOT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.11 Med: 41.76 Max: 83.32
Current: 72.03

During the past 13 years, Fomo Worldwide's highest Days Sales Outstanding was 83.32. The lowest was 16.11. And the median was 41.76.

IGOT's Days Sales Outstanding is ranked worse than
63.92% of 510 companies
in the Asset Management industry
Industry Median: 49.44 vs IGOT: 72.03

Fomo Worldwide's Days Sales Outstanding declined from Sep. 2022 (124.74) to Sep. 2023 (84.81).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Fomo Worldwide Days Sales Outstanding Historical Data

The historical data trend for Fomo Worldwide'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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Fomo Worldwide Days Sales Outstanding Chart

Fomo Worldwide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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83.32

16.11

41.76

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															124.74	44.81	214.74	73.69	84.81

Competitive Comparison of Fomo Worldwide's Days Sales Outstanding

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide's Days Sales Outstanding Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fomo Worldwide's Days Sales Outstanding distribution charts can be found below:

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

Fomo Worldwide 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.

Fomo Worldwide's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.037	+	1.683)	/	2 )	/	7.516	*	365
=	0.86					/	7.516	*	365
=	41.76

Fomo Worldwide'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: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.537	+	0.595)	/	2 )	/	0.609	*	365 / 4
=	0.566					/	0.609	*	365 / 4
=	84.81

Fomo Worldwide (OTCPK:IGOT) Days Sales Outstanding Explanation

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

Fomo Worldwide Days Sales Outstanding Related Terms

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

Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174