Provide IT Sweden AB (XSAT:PROVIT) Days Sales Outstanding : 37.75 (As of Dec. 2023)

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What is Provide IT Sweden AB Days Sales Outstanding?

Provide IT Sweden AB's average Accounts Receivable for the three months ended in Dec. 2023 was kr3.24 Mil. Provide IT Sweden AB's Revenue for the three months ended in Dec. 2023 was kr7.82 Mil. Hence, Provide IT Sweden AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.75.

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

XSAT:PROVIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.78 Med: 53.16 Max: 100.49
Current: 48

During the past 8 years, Provide IT Sweden AB's highest Days Sales Outstanding was 100.49. The lowest was 40.78. And the median was 53.16.

XSAT:PROVIT's Days Sales Outstanding is ranked better than
66.9% of 2737 companies
in the Software industry
Industry Median: 61.8 vs XSAT:PROVIT: 48.00

Provide IT Sweden AB's Days Sales Outstanding declined from Dec. 2022 (40.39) to Dec. 2023 (37.75).

Provide IT Sweden AB Days Sales Outstanding Historical Data

The historical data trend for Provide IT Sweden AB'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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Provide IT Sweden AB Days Sales Outstanding Chart

Provide IT Sweden AB Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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46.55

48.07

58.25

56.12

50.19

Provide IT Sweden AB 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															40.39	48.84	50.31	52.15	37.75

Competitive Comparison of Provide IT Sweden AB's Days Sales Outstanding

For the Software - Application subindustry, Provide IT Sweden AB'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.

Provide IT Sweden AB's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Provide IT Sweden AB's Days Sales Outstanding falls into.

Provide IT Sweden AB 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.

Provide IT Sweden AB's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (3.368	+	4.086)	/	2 )	/	27.103	*	365
=	3.727					/	27.103	*	365
=	50.19

Provide IT Sweden AB'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
=	( (2.644	+	3.826)	/	2 )	/	7.82	*	365 / 4
=	3.235					/	7.82	*	365 / 4
=	37.75

Provide IT Sweden AB (XSAT:PROVIT) Days Sales Outstanding Explanation

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

Provide IT Sweden AB Days Sales Outstanding Related Terms

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Provide IT Sweden AB (XSAT:PROVIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Provide IT Sweden AB (XSAT:PROVIT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Gotabergsgatan 20, Gothenburg, SWE, 41134

Website

http://www.provideit.se

Provide IT Sweden AB is a digital production company. The company is engaged in the development of web and mobile applications. It provides websites, applications, portals, and e-commerce to national and foreign companies.

Provide IT Sweden AB (XSAT:PROVIT) Headlines

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