FTC Solar (FTC Solar) Days Sales Outstanding : 189.01 (As of Dec. 2023)

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What is FTC Solar Days Sales Outstanding?

FTC Solar's average Accounts Receivable for the three months ended in Dec. 2023 was $48.1 Mil. FTC Solar's Revenue for the three months ended in Dec. 2023 was $23.2 Mil. Hence, FTC Solar's Days Sales Outstanding for the three months ended in Dec. 2023 was 189.01.

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

FTCI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.76 Med: 96.52 Max: 121.12
Current: 121.12

During the past 5 years, FTC Solar's highest Days Sales Outstanding was 121.12. The lowest was 36.76. And the median was 96.52.

FTCI's Days Sales Outstanding is ranked worse than
87.87% of 981 companies
in the Semiconductors industry
Industry Median: 63.03 vs FTCI: 121.12

FTC Solar's Days Sales Outstanding increased from Dec. 2022 (143.66) to Dec. 2023 (189.01).

FTC Solar Days Sales Outstanding Historical Data

The historical data trend for FTC Solar'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.

FTC Solar Days Sales Outstanding Chart

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

96.52

36.76

42.02

109.68

117.14

FTC Solar Quarterly Data
	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												143.66	81.12	111.73	137.20	189.01

Competitive Comparison of FTC Solar's Days Sales Outstanding

For the Solar subindustry, FTC Solar'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.

FTC Solar's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where FTC Solar's Days Sales Outstanding falls into.

FTC Solar 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.

FTC Solar'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
=	( (35.367	+	46.152)	/	2 )	/	127.002	*	365
=	40.7595					/	127.002	*	365
=	117.14

FTC Solar'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
=	( (49.963	+	46.152)	/	2 )	/	23.201	*	365 / 4
=	48.0575					/	23.201	*	365 / 4
=	189.01

FTC Solar (NAS:FTCI) Days Sales Outstanding Explanation

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

FTC Solar Days Sales Outstanding Related Terms

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FTC Solar (FTC Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (NAS:FTCI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

6YK:Germany 6YK:Germany

Address

9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.

Executives

Robert Phelps Morris	officer: CHIEF FINANCIAL OFFICER	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759
Ahmad R Chatila	director	3901 NO. FIRST STREET, SAN JOSE CA 95134
Shaker Sadasivam	director	P O BOX 8, SAINT PETERS MO 63376
William A Priddy	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Cathy Behnen	officer: CHIEF ACCOUNTING OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sasan Aminpour	officer: Chief Operating Officer	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Arc Family Trust	10 percent owner	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Kristian Nolde	officer: VP, MARKETING AND STRATEGY	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Patrick Cook	officer: CHIEF FINANCIAL OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Tamara Mullings	director	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
David Springer	director, 10 percent owner	2718 LOYAGA DRIVE, ROUND ROCK TX 78681
Nagendra Cherukupalli	officer: CHIEF TECHNOLOGY OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sean Hunkler	director, officer: PRESIDENT AND CEO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thurman J Rodgers	director	535 EASTVIEW WAY, WOODSIDE CA 94062
South Cone Investments Limited Partnership	10 percent owner	AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1, LAS CONDES, SANTIAGO F3 7550000