Softchoice (TSX:SFTC) Days Sales Outstanding : 153.04 (As of Mar. 2024)

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What is Softchoice Days Sales Outstanding?

Softchoice's average Accounts Receivable for the three months ended in Mar. 2024 was C$385 Mil. Softchoice's Revenue for the three months ended in Mar. 2024 was C$230 Mil. Hence, Softchoice's Days Sales Outstanding for the three months ended in Mar. 2024 was 153.04.

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

TSX:SFTC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 58.48 Med: 103.29 Max: 149.04
Current: 139.13

During the past 13 years, Softchoice's highest Days Sales Outstanding was 149.04. The lowest was 58.48. And the median was 103.29.

TSX:SFTC's Days Sales Outstanding is ranked worse than
84.6% of 2728 companies
in the Software industry
Industry Median: 61.85 vs TSX:SFTC: 139.13

Softchoice's Days Sales Outstanding increased from Mar. 2023 (139.67) to Mar. 2024 (153.04).

Softchoice Days Sales Outstanding Historical Data

The historical data trend for Softchoice'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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Softchoice Days Sales Outstanding Chart

Softchoice Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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93.86

112.71

140.08

136.71

149.04

Softchoice Quarterly Data
	Jun12	Sep12	Dec12	Mar13	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															139.67	136.82	149.26	128.89	153.04

Competitive Comparison of Softchoice's Days Sales Outstanding

For the Information Technology Services subindustry, Softchoice'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.

Softchoice's Days Sales Outstanding Distribution in the Software Industry

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

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

Softchoice 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.

Softchoice'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
=	( (461.359	+	433.119)	/	2 )	/	1095.288	*	365
=	447.239					/	1095.288	*	365
=	149.04

Softchoice'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
=	( (433.119	+	337.649)	/	2 )	/	229.787	*	365 / 4
=	385.384					/	229.787	*	365 / 4
=	153.04

Softchoice (TSX:SFTC) Days Sales Outstanding Explanation

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

Softchoice Days Sales Outstanding Related Terms

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Softchoice (TSX:SFTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Softchoice Corp (TSX:SFTC) » Definitions » Days Sales Outstanding

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SFTCF:USA

Address

173 Dufferin Street, Suite 200, Toronto, ON, CAN, M6K 3H7

Website

https://www.softchoice.com

Softchoice Corp is a technology service and solutions provider that equips organizations to be agile for their people to be engaged, connected and creative at work. The company designs, procures, implements and manages complex multi-vendor IT solutions that enable customers' digital transformations using a results-oriented engagement model that drives long-term relationships.

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