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Varonis Systems (Varonis Systems) Days Sales Outstanding : 82.96 (As of Dec. 2023)


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What is Varonis Systems Days Sales Outstanding?

Varonis Systems's average Accounts Receivable for the three months ended in Dec. 2023 was $140.1 Mil. Varonis Systems's Revenue for the three months ended in Dec. 2023 was $154.1 Mil. Hence, Varonis Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 82.96.

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

VRNS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 87.05   Med: 110.58   Max: 122.38
Current: 87.05

During the past 13 years, Varonis Systems's highest Days Sales Outstanding was 122.38. The lowest was 87.05. And the median was 110.58.

VRNS's Days Sales Outstanding is ranked worse than
70.61% of 2725 companies
in the Software industry
Industry Median: 61.89 vs VRNS: 87.05

Varonis Systems's Days Sales Outstanding increased from Dec. 2022 (72.83) to Dec. 2023 (82.96).


Varonis Systems Days Sales Outstanding Historical Data

The historical data trend for Varonis Systems'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.

Varonis Systems Days Sales Outstanding Chart

Varonis Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.63 105.55 98.89 97.55 111.55

Varonis Systems 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.83 89.85 70.78 80.11 82.96

Competitive Comparison of Varonis Systems's Days Sales Outstanding

For the Software - Infrastructure subindustry, Varonis Systems'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.


Varonis Systems's Days Sales Outstanding Distribution in the Software Industry

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

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



Varonis Systems 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.

Varonis Systems'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
=( (135.979 + 169.116) / 2 ) / 499.16*365
=152.5475 / 499.16*365
=111.55

Varonis Systems'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
=( (111.084 + 169.116) / 2 ) / 154.099*365 / 4
=140.1 / 154.099*365 / 4
=82.96

* 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.


Varonis Systems  (NAS:VRNS) Days Sales Outstanding Explanation

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


Varonis Systems Days Sales Outstanding Related Terms

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Varonis Systems (Varonis Systems) Business Description

Traded in Other Exchanges
Address
1250 Broadway, 29th Floor, New York, NY, USA, 10001
Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.
Executives
James O'boyle officer: SVP of Worldwide Sales C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
David Bass officer: EVP Engineering & CTO 1250 BROADWAY 29TH FLOOR, NEW YORK NY 10001
Avrohom J. Kess director 385 WASHINGTON STREET, ST. PAUL MN 55102
Yakov Faitelson director, officer: CEO, President, Chairman C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Ofer Segev director NESS TOWER, ATIDIM HIGH-TECH INDUSTRIAL, PARK, BUILDING 4, TEL AVIV L3 61580
Guy Melamed officer: Chief Financial Officer 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Dov Gottlieb officer: VP and General Counsel 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Van Den Bosch Fred director 350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Carlos Aued director 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Gilad Raz officer: CIO & VP of Technical Services 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Kevin E Comolli director, 10 percent owner C/O ACCEL, 500 UNIVERSITY AVE, PALO ALTO CA 94301
Thomas F Mendoza director 495 E. JAVA DRIVE, SUNNYVALE CA 94089
Rachel Prishkolnik director 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Gili Iohan officer: Chief Financial Officer C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Rona Segev-gal director C/O PITANGO VENTURE CAPITAL FUND IV L.P., 540 COWPER ST., SUITE 200, PALO ALTO CA 94301

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