Solteq Oyj (OHEL:SOLTEQ) Days Sales Outstanding : 52.24 (As of Mar. 2024)

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What is Solteq Oyj Days Sales Outstanding?

Solteq Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €7.77 Mil. Solteq Oyj's Revenue for the three months ended in Mar. 2024 was €13.57 Mil. Hence, Solteq Oyj's Days Sales Outstanding for the three months ended in Mar. 2024 was 52.24.

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

OHEL:SOLTEQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.15 Med: 58.85 Max: 105.79
Current: 70.33

During the past 13 years, Solteq Oyj's highest Days Sales Outstanding was 105.79. The lowest was 47.15. And the median was 58.85.

OHEL:SOLTEQ's Days Sales Outstanding is ranked worse than
58.24% of 2737 companies
in the Software industry
Industry Median: 61.8 vs OHEL:SOLTEQ: 70.33

Solteq Oyj's Days Sales Outstanding declined from Mar. 2023 (53.61) to Mar. 2024 (52.24).

Solteq Oyj Days Sales Outstanding Historical Data

The historical data trend for Solteq 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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Solteq Oyj Days Sales Outstanding Chart

Solteq Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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59.25

58.45

53.25

48.02

47.15

Solteq Oyj 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															53.61	74.23	94.02	64.76	52.24

Competitive Comparison of Solteq Oyj's Days Sales Outstanding

For the Information Technology Services subindustry, Solteq 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.

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

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

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

Solteq 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.

Solteq 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
=	( (8.23	+	6.666)	/	2 )	/	57.655	*	365
=	7.448					/	57.655	*	365
=	47.15

Solteq 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
=	( (6.666	+	8.873)	/	2 )	/	13.571	*	365 / 4
=	7.7695					/	13.571	*	365 / 4
=	52.24

Solteq Oyj (OHEL:SOLTEQ) Days Sales Outstanding Explanation

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

Solteq Oyj Days Sales Outstanding Related Terms

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Solteq Oyj (OHEL:SOLTEQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

B3M:Germany

Address

Karhumäenkuja 2, Vantaa, FIN, 01530

Website

https://www.solteq.com

Solteq Oyj is a provider of IT services and software solutions specializing in the digitalization of business and industry-specific software in sectors including retail, industry, energy, and services. It operates in Finland, Sweden, Norway, Denmark, Poland, and the UK. It has two business segments: Solteq Software includes businesses based on the Company's own products. The segment's revenue is mainly derived from license and maintenance fees for Solteq's own products, and related services such as integrations and implementation projects, and the Solteq Digital segment mainly comprises IT services. These services include consulting, the implementation of customer systems as projects, continuous development services, and maintenance.

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