Lemonsoft Oyj (OHEL:LEMON) Days Sales Outstanding : 57.32 (As of Mar. 2024)

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What is Lemonsoft Oyj Days Sales Outstanding?

Lemonsoft Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €4.33 Mil. Lemonsoft Oyj's Revenue for the three months ended in Mar. 2024 was €6.90 Mil. Hence, Lemonsoft Oyj's Days Sales Outstanding for the three months ended in Mar. 2024 was 57.32.

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

OHEL:LEMON' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.65 Med: 30.53 Max: 57.2
Current: 57.2

During the past 6 years, Lemonsoft Oyj's highest Days Sales Outstanding was 57.20. The lowest was 21.65. And the median was 30.53.

OHEL:LEMON's Days Sales Outstanding is ranked better than
55.48% of 2736 companies
in the Software industry
Industry Median: 61.68 vs OHEL:LEMON: 57.20

Lemonsoft Oyj's Days Sales Outstanding increased from Mar. 2023 (38.65) to Mar. 2024 (57.32).

Lemonsoft Oyj Days Sales Outstanding Historical Data

The historical data trend for Lemonsoft Oyj'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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Lemonsoft Oyj Days Sales Outstanding Chart

Lemonsoft Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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28.30

21.65

26.83

32.75

35.62

Lemonsoft Oyj Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial												38.65	54.70	67.31	50.07	57.32

Competitive Comparison of Lemonsoft Oyj's Days Sales Outstanding

For the Software - Application subindustry, Lemonsoft Oyj'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.

Lemonsoft Oyj's Days Sales Outstanding Distribution in the Software Industry

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

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

Lemonsoft Oyj 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.

Lemonsoft Oyj'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
=	( (2.337	+	2.805)	/	2 )	/	26.344	*	365
=	2.571					/	26.344	*	365
=	35.62

Lemonsoft Oyj'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
=	( (2.805	+	5.86)	/	2 )	/	6.897	*	365 / 4
=	4.3325					/	6.897	*	365 / 4
=	57.32

Lemonsoft Oyj (OHEL:LEMON) Days Sales Outstanding Explanation

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

Lemonsoft Oyj Days Sales Outstanding Related Terms

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Lemonsoft Oyj (OHEL:LEMON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lemonsoft Oyj (OHEL:LEMON) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

M36:Germany

Address

Vaasanpuistikko 20 A 4.krs, Vaasa, FIN, 65100

Website

https://www.lemonsoft.fi

Lemonsoft Oyj is a Finnish software company that designs, develops, and sells ERP software solutions to streamline its customers' processes across different business lines and administration.

Lemonsoft Oyj (OHEL:LEMON) Headlines

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