Clydestone Ghana (XGHA:CLYD) Days Sales Outstanding : 717.62 (As of Jun. 2023)

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What is Clydestone Ghana Days Sales Outstanding?

Clydestone Ghana's average Accounts Receivable for the three months ended in Jun. 2023 was GHS4.06 Mil. Clydestone Ghana's Revenue for the three months ended in Jun. 2023 was GHS0.52 Mil. Hence, Clydestone Ghana's Days Sales Outstanding for the three months ended in Jun. 2023 was 717.62.

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

XGHA:CLYD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.09 Med: 97.43 Max: 267.17
Current: 156.63

During the past 8 years, Clydestone Ghana's highest Days Sales Outstanding was 267.17. The lowest was 40.09. And the median was 97.43.

XGHA:CLYD's Days Sales Outstanding is ranked worse than
86.58% of 2734 companies
in the Software industry
Industry Median: 61.68 vs XGHA:CLYD: 156.63

Clydestone Ghana's Days Sales Outstanding increased from Jun. 2022 (210.98) to Jun. 2023 (717.62).

Warning Sign:

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

Clydestone Ghana Days Sales Outstanding Historical Data

The historical data trend for Clydestone Ghana'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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Clydestone Ghana Days Sales Outstanding Chart

Clydestone Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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84.82

110.03

184.13

267.17

129.71

Clydestone Ghana Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															210.98	58.59	1,626.43	145.67	717.62

Competitive Comparison of Clydestone Ghana's Days Sales Outstanding

For the Information Technology Services subindustry, Clydestone Ghana'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.

Clydestone Ghana's Days Sales Outstanding Distribution in the Software Industry

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

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

Clydestone Ghana 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.

Clydestone Ghana's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (1.663	+	4.049)	/	2 )	/	8.037	*	365
=	2.856					/	8.037	*	365
=	129.71

Clydestone Ghana's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (4.648	+	3.468)	/	2 )	/	0.516	*	365 / 4
=	4.058					/	0.516	*	365 / 4
=	717.62

Clydestone Ghana (XGHA:CLYD) Days Sales Outstanding Explanation

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

Clydestone Ghana Days Sales Outstanding Related Terms

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

Clydestone Ghana (XGHA:CLYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clydestone Ghana PLC (XGHA:CLYD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Adebeto Close, P.O. Box CT 1003, North Labone, Accra, GHA

Website

https://www.clydestone.com

Clydestone Ghana Ltd is an information and communications technology company with offices in Ghana, Nigeria, and Kenya. The company has developed cutting-edge solutions in the areas of financial document processing, remittance processing, and transaction switching. The company provides IT solutions in Africa, currently providing Cheque Truncation Systems to Ghana's Banks. Its product list includes G-Switch, G-Secure, Remita, UnionPay, Automated Cheque Clearing, ATM and Cash Processing, Multi-vendor ATM Software, and Multi-factor Authentication.

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