Socket Mobile (FRA:SNB1) Days Sales Outstanding : 34.53 (As of Mar. 2024)

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What is Socket Mobile Days Sales Outstanding?

Socket Mobile's average Accounts Receivable for the three months ended in Mar. 2024 was €1.73 Mil. Socket Mobile's Revenue for the three months ended in Mar. 2024 was €4.58 Mil. Hence, Socket Mobile's Days Sales Outstanding for the three months ended in Mar. 2024 was 34.53.

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

FRA:SNB1' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.65 Med: 46.3 Max: 57.54
Current: 45.49

During the past 13 years, Socket Mobile's highest Days Sales Outstanding was 57.54. The lowest was 35.65. And the median was 46.30.

FRA:SNB1's Days Sales Outstanding is ranked better than
82.15% of 2460 companies
in the Hardware industry
Industry Median: 74.5 vs FRA:SNB1: 45.49

Socket Mobile's Days Sales Outstanding declined from Mar. 2023 (54.85) to Mar. 2024 (34.53).

Socket Mobile Days Sales Outstanding Historical Data

The historical data trend for Socket Mobile'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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Socket Mobile Days Sales Outstanding Chart

Socket Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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48.81

60.67

35.71

43.61

47.55

Socket Mobile Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															54.85	51.04	67.07	34.18	34.53

Competitive Comparison of Socket Mobile's Days Sales Outstanding

For the Computer Hardware subindustry, Socket Mobile'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.

Socket Mobile's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Socket Mobile's Days Sales Outstanding distribution charts can be found below:

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

Socket Mobile 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.

Socket Mobile'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
=	( (2.511	+	1.559)	/	2 )	/	15.62	*	365
=	2.035					/	15.62	*	365
=	47.55

Socket Mobile'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
=	( (1.559	+	1.907)	/	2 )	/	4.58	*	365 / 4
=	1.733					/	4.58	*	365 / 4
=	34.53

Socket Mobile (FRA:SNB1) Days Sales Outstanding Explanation

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

Socket Mobile Days Sales Outstanding Related Terms

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Socket Mobile (FRA:SNB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Socket Mobile Inc (FRA:SNB1) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SCKT:USA

Address

40675 Encyclopedia Circle, Fremont, CA, USA, 94538

Website

https://www.socketmobile.com

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the United States, Europe, Asia, and the rest of the world, out of which the majority of the revenue is generated from the United States.

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