Converge Technology Solutions (TSX:CTS) Days Sales Outstanding : 99.49 (As of Dec. 2023)

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What is Converge Technology Solutions Days Sales Outstanding?

Converge Technology Solutions's average Accounts Receivable for the three months ended in Dec. 2023 was C$710 Mil. Converge Technology Solutions's Revenue for the three months ended in Dec. 2023 was C$651 Mil. Hence, Converge Technology Solutions's Days Sales Outstanding for the three months ended in Dec. 2023 was 99.49.

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

TSX:CTS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 87.14 Med: 92.89 Max: 105.21
Current: 98.79

During the past 6 years, Converge Technology Solutions's highest Days Sales Outstanding was 105.21. The lowest was 87.14. And the median was 92.89.

TSX:CTS's Days Sales Outstanding is ranked worse than
76.08% of 2726 companies
in the Software industry
Industry Median: 61.895 vs TSX:CTS: 98.79

Converge Technology Solutions's Days Sales Outstanding increased from Dec. 2022 (93.49) to Dec. 2023 (99.49).

Converge Technology Solutions Days Sales Outstanding Historical Data

The historical data trend for Converge Technology Solutions'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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Converge Technology Solutions Days Sales Outstanding Chart

Converge Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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88.64

105.21

97.13

88.23

87.14

Converge Technology Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															93.49	98.20	107.27	101.84	99.49

Competitive Comparison of Converge Technology Solutions's Days Sales Outstanding

For the Information Technology Services subindustry, Converge Technology Solutions'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.

Converge Technology Solutions's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Converge Technology Solutions's Days Sales Outstanding falls into.

Converge Technology Solutions 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.

Converge Technology Solutions'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
=	( (675.536	+	616.139)	/	2 )	/	2705.207	*	365
=	645.8375					/	2705.207	*	365
=	87.14

Converge Technology Solutions'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (803.673	+	616.139)	/	2 )	/	651.09	*	365 / 4
=	709.906					/	651.09	*	365 / 4
=	99.49

Converge Technology Solutions (TSX:CTS) Days Sales Outstanding Explanation

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

Converge Technology Solutions Days Sales Outstanding Related Terms

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Converge Technology Solutions (TSX:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (TSX:CTS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CTSDF:USA 0ZB:Germany

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Executives

Toni Rinow

Director