Ryde Group (Ryde Group) Days Sales Outstanding : 2.10 (As of Dec. 2023)

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What is Ryde Group Days Sales Outstanding?

Ryde Group's average Accounts Receivable for the six months ended in Dec. 2023 was $0.04 Mil. Ryde Group's Revenue for the six months ended in Dec. 2023 was $6.51 Mil. Hence, Ryde Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 1.05.

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

RYDE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.64 Med: 1.68 Max: 2.1
Current: 2.1

During the past 3 years, Ryde Group's highest Days Sales Outstanding was 2.10. The lowest was 0.64. And the median was 1.68.

RYDE's Days Sales Outstanding is ranked better than
99.16% of 2732 companies
in the Software industry
Industry Median: 61.675 vs RYDE: 2.10

Ryde Group's Days Sales Outstanding increased from Dec. 2021 (0.64) to Dec. 2023 (2.10).

Ryde Group Days Sales Outstanding Historical Data

The historical data trend for Ryde Group'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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Ryde Group Days Sales Outstanding Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

0.64

1.68

2.10

Ryde Group Semi-Annual Data
	Dec21	Dec22	Dec23
Days Sales Outstanding	0.64	1.68	2.10

Competitive Comparison of Ryde Group's Days Sales Outstanding

For the Software - Application subindustry, Ryde Group'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.

Ryde Group's Days Sales Outstanding Distribution in the Software Industry

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

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

Ryde Group 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.

Ryde Group'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
=	( (0.052	+	0.023)	/	2 )	/	6.506	*	365
=	0.0375					/	6.506	*	365
=	2.10

Ryde Group'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: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.052	+	0.023)	/	2 )	/	6.506	*	365 / 2
=	0.0375					/	6.506	*	365 / 2
=	1.05

Ryde Group (AMEX:RYDE) Days Sales Outstanding Explanation

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

Ryde Group Days Sales Outstanding Related Terms

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Ryde Group (Ryde Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.