HeartCore Enterprises (HeartCore Enterprises) Days Sales Outstanding : 71.12 (As of Dec. 2023)

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What is HeartCore Enterprises Days Sales Outstanding?

HeartCore Enterprises's average Accounts Receivable for the three months ended in Dec. 2023 was $2.59 Mil. HeartCore Enterprises's Revenue for the three months ended in Dec. 2023 was $3.33 Mil. Hence, HeartCore Enterprises's Days Sales Outstanding for the three months ended in Dec. 2023 was 71.12.

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

HTCR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.52 Med: 31.29 Max: 45.92
Current: 36.52

During the past 5 years, HeartCore Enterprises's highest Days Sales Outstanding was 45.92. The lowest was 26.52. And the median was 31.29.

HTCR's Days Sales Outstanding is ranked better than
80.29% of 2730 companies
in the Software industry
Industry Median: 61.83 vs HTCR: 36.52

HeartCore Enterprises's Days Sales Outstanding increased from Dec. 2022 (26.74) to Dec. 2023 (71.12).

HeartCore Enterprises Days Sales Outstanding Historical Data

The historical data trend for HeartCore Enterprises'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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HeartCore Enterprises Days Sales Outstanding Chart

HeartCore Enterprises Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

45.92

32.65

28.14

31.29

26.52

HeartCore Enterprises Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial										26.74	15.31	46.49	52.29	71.12

Competitive Comparison of HeartCore Enterprises's Days Sales Outstanding

For the Software - Application subindustry, HeartCore Enterprises'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.

HeartCore Enterprises's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where HeartCore Enterprises's Days Sales Outstanding falls into.

HeartCore Enterprises 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.

HeartCore Enterprises'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
=	( (0.551	+	2.624)	/	2 )	/	21.846	*	365
=	1.5875					/	21.846	*	365
=	26.52

HeartCore Enterprises'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
=	( (2.562	+	2.624)	/	2 )	/	3.327	*	365 / 4
=	2.593					/	3.327	*	365 / 4
=	71.12

HeartCore Enterprises (NAS:HTCR) Days Sales Outstanding Explanation

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

HeartCore Enterprises Days Sales Outstanding Related Terms

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HeartCore Enterprises (HeartCore Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HeartCore Enterprises Inc (NAS:HTCR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-33, Higashigotanda, Shinagawa-ku, Tokyo, JPN

Website

https://www.heartcore.co.jp

HeartCore Enterprises Inc is a software development company. It provides software through two business units. The first business unit includes a customer experience management business that has been in existence for 12 years. The customer experience management platform includes marketing, sales, service and content management systems, as well as other tools and integrations, that enable companies to attract and engage customers throughout the customer experience. It also provides education, services and support to help customers be successful with CXM Platform.

Executives

Keisuke Kuno	officer: CX Division Vice President	2-10-1 HORINOUCHI, HACHIOJI-SHI, TOKYO M0 192-0355
Kimio Hosaka	director, officer: Chief Operating Officer	2-16-2-312 OSHIAGE, SUMIDA-KU, TOKYO M0 131-0045
Sumitaka Yamamoto	director, 10 percent owner, officer: Chairman,CEO & President	848 JORDAN AVE. #G, LOS ALTOS CA 94022
Ferdinand Groenewald	director	C/O MUSCLE MAKER, INC,, 2200 SPACE PARK DRIVE,SUITE 310, HOUSTON TX 77058
Qizhi Gao	officer: Chief Financial Officer	1-8-17-302, SHITTE, TSURUMI-KU, YOKOHAMA-SHI, KANAGAWA M0 230-0003
Hidekazu Miyata	officer: Chief Technical Officer	4-6-6-1106, KONAN, MINATO-KU, TOKYO M0 108-0075
Yuta Katai	director	1-14-604 SUIDOUCHO,SHINJYUKU-KU, TOKYO M0 162-0811
Takeshi Omoto	director	1-16-5 HIG A SHIG A OK A , MEGURO-KU, TOKYO M0 152-0021
Yoshitomo Yamano	director	3-12-22-301, SENDAGAYA, SHIBUYA-KU, TOKYO M0 151-0051
Yuki Tan	director	2-14-8, AZAMINOMINAMI, AOBA-KU, YOKOHAMA-SHI, KANGAWA M0 225-0012