It Way (MIL:ITW) Days Sales Outstanding : 144.49 (As of Sep. 2023)

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What is It Way Days Sales Outstanding?

It Way's average Accounts Receivable for the three months ended in Sep. 2023 was €13.15 Mil. It Way's Revenue for the three months ended in Sep. 2023 was €8.30 Mil. Hence, It Way's Days Sales Outstanding for the three months ended in Sep. 2023 was 144.49.

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

MIL:ITW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 142.21 Med: 205.19 Max: 388.41
Current: 142.21

During the past 13 years, It Way's highest Days Sales Outstanding was 388.41. The lowest was 142.21. And the median was 205.19.

MIL:ITW's Days Sales Outstanding is ranked worse than
85.04% of 2728 companies
in the Software industry
Industry Median: 61.815 vs MIL:ITW: 142.21

It Way's Days Sales Outstanding declined from Sep. 2022 (174.66) to Sep. 2023 (144.49).

It Way Days Sales Outstanding Historical Data

The historical data trend for It Way'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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It Way Days Sales Outstanding Chart

It Way Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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209.01

191.77

171.66

175.66

162.69

It Way Quarterly Data
	Mar19	Jun19	Sep19	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															105.30	201.32	108.31	144.49	103.70

Competitive Comparison of It Way's Days Sales Outstanding

For the Information Technology Services subindustry, It Way'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.

It Way's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where It Way's Days Sales Outstanding falls into.

It Way 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.

It Way'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
=	( (21.469	+	20.774)	/	2 )	/	47.388	*	365
=	21.1215					/	47.388	*	365
=	162.69

It Way'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
=	( (13.146	+	0)	/	1 )	/	8.302	*	365 / 4
=	13.146					/	8.302	*	365 / 4
=	144.49

It Way (MIL:ITW) Days Sales Outstanding Explanation

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

It Way Days Sales Outstanding Related Terms

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It Way (MIL:ITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » It Way (MIL:ITW) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale Achille Papa, 30, Ravenna, ITA, 48124

Website

http://www.itway.com

It Way is an Italy-based company that operates in the information technology (IT) industry. The company's segment includes VAD and Others. It generates maximum revenue from the VAD segment. It has three reference sectors namely Valued Added Distribution and Value Added Reseller and Value Added Services. The company focuses on distribution and integration of products and services for logical security of IT systems, professional services and production of solutions and software technologies for e-business and professional services as system integrators and centralization of applications.