Visionflex Group (ASX:VFX) Days Sales Outstanding : 20.45 (As of Dec. 2023)

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What is Visionflex Group Days Sales Outstanding?

Visionflex Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.45 Mil. Visionflex Group's Revenue for the six months ended in Dec. 2023 was A$4.01 Mil. Hence, Visionflex Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 20.45.

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

ASX:VFX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.14 Med: 40.89 Max: 185.03
Current: 30.14

During the past 9 years, Visionflex Group's highest Days Sales Outstanding was 185.03. The lowest was 30.14. And the median was 40.89.

ASX:VFX's Days Sales Outstanding is ranked better than
69.89% of 641 companies
in the Healthcare Providers & Services industry
Industry Median: 46.87 vs ASX:VFX: 30.14

Visionflex Group's Days Sales Outstanding declined from Dec. 2022 (23.75) to Dec. 2023 (20.45).

Visionflex Group Days Sales Outstanding Historical Data

The historical data trend for Visionflex Group'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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Visionflex Group Days Sales Outstanding Chart

Visionflex Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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41.44

33.85

40.01

39.49

37.17

Visionflex Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial													42.72	33.47	23.75	64.60	20.45

Competitive Comparison of Visionflex Group's Days Sales Outstanding

For the Health Information Services subindustry, Visionflex Group'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.

Visionflex Group's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Visionflex Group's Days Sales Outstanding distribution charts can be found below:

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

Visionflex Group 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.

Visionflex Group's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.387	+	0.523)	/	2 )	/	4.468	*	365
=	0.455					/	4.468	*	365
=	37.17

Visionflex Group'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.523	+	0.375)	/	2 )	/	4.006	*	365 / 2
=	0.449					/	4.006	*	365 / 2
=	20.45

Visionflex Group (ASX:VFX) Days Sales Outstanding Explanation

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

Visionflex Group Days Sales Outstanding Related Terms

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Visionflex Group (ASX:VFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Visionflex Group Ltd (ASX:VFX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1/8 Prosperity Parade, Warriewood, Sydney, NSW, AUS, 2102

Website

https://www.visionflex.com

Visionflex Group Ltd Formerly 1st Group Ltd is an online health portal group. The company is engaged in the provision of health care and corporate online search and appointment booking services. The firm derives revenue from Subscription fees, Usage fees, Advertising, and Setup and customization out of which Subscription fees account for the majority of its revenue. The group has acquired multiple companies to run the business smoothly. The group has two operating segments, being 1st Group and Visionflex which are both located in Australia. The company generates the majority of its revenue from 1st Group segment, which is engaged in the provision of healthcare and corporate online search and appointment booking services.

Visionflex Group (ASX:VFX) Headlines

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