Sure Global Tech Co (SAU:9550) Days Sales Outstanding : 103.14 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Sure Global Tech Co Days Sales Outstanding?

Sure Global Tech Co's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼63.1 Mil. Sure Global Tech Co's Revenue for the six months ended in Dec. 2023 was ﷼111.6 Mil. Hence, Sure Global Tech Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 103.14.

The historical rank and industry rank for Sure Global Tech Co's Days Sales Outstanding or its related term are showing as below:

SAU:9550' s Days Sales Outstanding Range Over the Past 10 Years
Min: 91.95 Med: 93.47 Max: 113.18
Current: 113.18

During the past 3 years, Sure Global Tech Co's highest Days Sales Outstanding was 113.18. The lowest was 91.95. And the median was 93.47.

SAU:9550's Days Sales Outstanding is ranked worse than
80.71% of 2737 companies
in the Software industry
Industry Median: 61.8 vs SAU:9550: 113.18

Sure Global Tech Co's Days Sales Outstanding declined from Dec. 2022 (104.59) to Dec. 2023 (103.14).

Warning Sign:

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

Sure Global Tech Co Days Sales Outstanding Historical Data

The historical data trend for Sure Global Tech Co'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.

* Premium members only.

Sure Global Tech Co Days Sales Outstanding Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

101.95

93.47

91.95

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	-	84.06	104.59	151.68	103.14

Competitive Comparison of Sure Global Tech Co's Days Sales Outstanding

For the Information Technology Services subindustry, Sure Global Tech Co'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.

Sure Global Tech Co's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Sure Global Tech Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Sure Global Tech Co's Days Sales Outstanding falls into.

Sure Global Tech Co 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.

Sure Global Tech Co'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
=	( (54.572	+	43.318)	/	2 )	/	194.294	*	365
=	48.945					/	194.294	*	365
=	91.95

Sure Global Tech Co'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
=	( (82.851	+	43.318)	/	2 )	/	111.621	*	365 / 2
=	63.0845					/	111.621	*	365 / 2
=	103.14

Sure Global Tech Co (SAU:9550) Days Sales Outstanding Explanation

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

Sure Global Tech Co Days Sales Outstanding Related Terms

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

Sure Global Tech Co (SAU:9550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

Sure Global Tech Co (SAU:9550) Headlines

No Headlines