Quantum Thinking (HKSE:08050) Days Sales Outstanding : 179.59 (As of Sep. 2023)

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What is Quantum Thinking Days Sales Outstanding?

Quantum Thinking's average Accounts Receivable for the three months ended in Sep. 2023 was HK$9.94 Mil. Quantum Thinking's Revenue for the three months ended in Sep. 2023 was HK$5.05 Mil. Hence, Quantum Thinking's Days Sales Outstanding for the three months ended in Sep. 2023 was 179.59.

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

HKSE:08050' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.95 Med: 203.78 Max: 1058.68
Current: 251.82

During the past 13 years, Quantum Thinking's highest Days Sales Outstanding was 1058.68. The lowest was 55.95. And the median was 203.78.

HKSE:08050's Days Sales Outstanding is ranked worse than
92.75% of 2732 companies
in the Software industry
Industry Median: 61.675 vs HKSE:08050: 251.82

Quantum Thinking's Days Sales Outstanding increased from Sep. 2022 (175.96) to Sep. 2023 (179.59).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Quantum Thinking Days Sales Outstanding Historical Data

The historical data trend for Quantum Thinking'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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Quantum Thinking Days Sales Outstanding Chart

Quantum Thinking Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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692.34

55.95

59.06

134.53

335.34

Quantum Thinking Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															175.96	194.32	352.18	422.58	179.59

Competitive Comparison of Quantum Thinking's Days Sales Outstanding

For the Information Technology Services subindustry, Quantum Thinking'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.

Quantum Thinking's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Quantum Thinking's Days Sales Outstanding falls into.

Quantum Thinking 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.

Quantum Thinking'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
=	( (18.686	+	14.921)	/	2 )	/	18.29	*	365
=	16.8035					/	18.29	*	365
=	335.34

Quantum Thinking's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0	+	9.939)	/	1 )	/	5.05	*	365 / 4
=	9.939					/	5.05	*	365 / 4
=	179.59

Quantum Thinking (HKSE:08050) Days Sales Outstanding Explanation

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

Quantum Thinking Days Sales Outstanding Related Terms

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Quantum Thinking (HKSE:08050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quantum Thinking Ltd (HKSE:08050) » Definitions » Days Sales Outstanding

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Address

151 Gloucester Road, Room 1403, 13th Floor, Capital Centre, Wanchai, Hong Kong, HKG

Website

http://www.8050hk.com

Quantum Thinking Ltd is a Hong Kong-based investment holding company principally engaged in the hardware-related business. The Company also engaged in the provision of system integration services and other value-added technical consultation services and hardware-related business. It is engaged in the segments of Sales of hardware products and Services segment which involves system development, consultancy, maintenance and other services. The group's operations are mainly located in the PRC.

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