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Hitek Global (Hitek Global) Days Sales Outstanding : 190.97 (As of Dec. 2023)


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What is Hitek Global Days Sales Outstanding?

Hitek Global's average Accounts Receivable for the six months ended in Dec. 2023 was $1.69 Mil. Hitek Global's Revenue for the six months ended in Dec. 2023 was $1.62 Mil. Hence, Hitek Global's Days Sales Outstanding for the six months ended in Dec. 2023 was 190.97.

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

HKIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 93.38   Med: 158.1   Max: 231.52
Current: 188.02

During the past 7 years, Hitek Global's highest Days Sales Outstanding was 231.52. The lowest was 93.38. And the median was 158.10.

HKIT's Days Sales Outstanding is ranked worse than
89.26% of 2728 companies
in the Software industry
Industry Median: 61.85 vs HKIT: 188.02

Hitek Global's Days Sales Outstanding increased from Dec. 2022 (167.67) to Dec. 2023 (190.97).

Hitek Global Days Sales Outstanding Historical Data

The historical data trend for Hitek Global'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.

Hitek Global Days Sales Outstanding Chart

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial 148.65 207.08 158.10 182.90 231.52

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 145.79 180.62 167.67 152.72 190.97

Competitive Comparison of Hitek Global's Days Sales Outstanding

For the Software - Application subindustry, Hitek Global'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.

Hitek Global's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Hitek Global's Days Sales Outstanding falls into.


Hitek Global 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.

Hitek Global'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
=( (3.671 + 2.119) / 2 ) / 4.564*365
=2.895 / 4.564*365
=231.52

Hitek Global'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
=( (1.263 + 2.119) / 2 ) / 1.616*365 / 2
=1.691 / 1.616*365 / 2
=190.97

* 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.

Hitek Global  (NAS:HKIT) Days Sales Outstanding Explanation

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

Hitek Global Days Sales Outstanding Related Terms

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Hitek Global (Hitek Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » Days Sales Outstanding
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Traded in Other Exchanges
4JX:Germany
Address
No. 30 Guanri Road, Siming District, Unit 304, Fujian Province, Phase II, Software Park, Xiamen, CHN
Website
http://www.xmhitek.com
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.