Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Days Sales Outstanding : 84.71 (As of Dec. 2023)

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What is Hitit Bilgisayar Hizmetleri AS Days Sales Outstanding?

Hitit Bilgisayar Hizmetleri AS's average Accounts Receivable for the three months ended in Dec. 2023 was ₺172.5 Mil. Hitit Bilgisayar Hizmetleri AS's Revenue for the three months ended in Dec. 2023 was ₺185.9 Mil. Hence, Hitit Bilgisayar Hizmetleri AS's Days Sales Outstanding for the three months ended in Dec. 2023 was 84.71.

The historical rank and industry rank for Hitit Bilgisayar Hizmetleri AS's Days Sales Outstanding or its related term are showing as below:

IST:HTTBT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.56 Med: 67.16 Max: 82.43
Current: 82.43

During the past 6 years, Hitit Bilgisayar Hizmetleri AS's highest Days Sales Outstanding was 82.43. The lowest was 41.56. And the median was 67.16.

IST:HTTBT's Days Sales Outstanding is ranked worse than
67.41% of 2734 companies
in the Software industry
Industry Median: 61.68 vs IST:HTTBT: 82.43

Hitit Bilgisayar Hizmetleri AS's Days Sales Outstanding increased from Dec. 2022 (69.17) to Dec. 2023 (84.71).

Hitit Bilgisayar Hizmetleri AS Days Sales Outstanding Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri AS'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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Hitit Bilgisayar Hizmetleri AS Days Sales Outstanding Chart

Hitit Bilgisayar Hizmetleri AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.56

64.05

78.06

70.26

80.22

Hitit Bilgisayar Hizmetleri AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											69.17	72.74	92.39	81.26	84.71

Competitive Comparison of Hitit Bilgisayar Hizmetleri AS's Days Sales Outstanding

For the Software - Application subindustry, Hitit Bilgisayar Hizmetleri AS'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.

Hitit Bilgisayar Hizmetleri AS's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Hitit Bilgisayar Hizmetleri AS's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hitit Bilgisayar Hizmetleri AS's Days Sales Outstanding falls into.

Hitit Bilgisayar Hizmetleri AS 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.

Hitit Bilgisayar Hizmetleri AS'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
=	( (83.328	+	184.378)	/	2 )	/	609.051	*	365
=	133.853					/	609.051	*	365
=	80.22

Hitit Bilgisayar Hizmetleri AS'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
=	( (160.71	+	184.378)	/	2 )	/	185.862	*	365 / 4
=	172.544					/	185.862	*	365 / 4
=	84.71

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Days Sales Outstanding Explanation

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

Hitit Bilgisayar Hizmetleri AS Days Sales Outstanding Related Terms

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Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR

Website

https://www.hitit.com

Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

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