TextMagic AS (OTSE:MAGIC) Days Sales Outstanding : 0.53 (As of Dec. 2023)

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What is TextMagic AS Days Sales Outstanding?

TextMagic AS's average Accounts Receivable for the six months ended in Dec. 2023 was €0.02 Mil. TextMagic AS's Revenue for the six months ended in Dec. 2023 was €8.19 Mil. Hence, TextMagic AS's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.53.

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

OTSE:MAGIC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.3 Med: 0.67 Max: 1.03
Current: 0.4

During the past 3 years, TextMagic AS's highest Days Sales Outstanding was 1.03. The lowest was 0.30. And the median was 0.67.

OTSE:MAGIC's Days Sales Outstanding is ranked better than
99.82% of 2734 companies
in the Software industry
Industry Median: 61.68 vs OTSE:MAGIC: 0.40

TextMagic AS's Days Sales Outstanding increased from Dec. 2022 (0.02) to Dec. 2023 (0.53).

TextMagic AS Days Sales Outstanding Historical Data

The historical data trend for TextMagic AS'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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TextMagic AS Days Sales Outstanding Chart

TextMagic AS Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

1.03

0.30

TextMagic AS Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	-	0.02	0.34	0.53

Competitive Comparison of TextMagic AS's Days Sales Outstanding

For the Software - Application subindustry, TextMagic AS'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.

TextMagic AS's Days Sales Outstanding Distribution in the Software Industry

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

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

TextMagic AS 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.

TextMagic AS'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
=	( (0.001	+	0.024)	/	2 )	/	14.97	*	365
=	0.0125					/	14.97	*	365
=	0.30

TextMagic AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.024	+	0.024)	/	2 )	/	8.191	*	365 / 2
=	0.024					/	8.191	*	365 / 2
=	0.53

TextMagic AS (OTSE:MAGIC) Days Sales Outstanding Explanation

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

TextMagic AS Days Sales Outstanding Related Terms

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TextMagic AS (OTSE:MAGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TextMagic AS (OTSE:MAGIC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moisa Road 4, Tallinn, EST, 13522

Website

https://www.textmagic.com

TextMagic AS is an international text messaging company that helps small and medium-sized businesses to engage with customers. It operates mainly in the U.S., the U.K., Canada, and Australia. TextMagic enables companies to transform customer experiences through its easy-to-use text messaging marketing software, which can be used for sending notifications, alerts, reminders, confirmations, and SMS marketing campaigns anytime, anywhere. The majority of revenue is derived from the United States and Canada.

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