Novatti Group (Novatti Group) Days Sales Outstanding : 68.25 (As of Dec. 2023)

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What is Novatti Group Days Sales Outstanding?

Novatti Group's average Accounts Receivable for the six months ended in Dec. 2023 was $5.37 Mil. Novatti Group's Revenue for the six months ended in Dec. 2023 was $14.36 Mil. Hence, Novatti Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 68.25.

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

NTTIF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.13 Med: 83.83 Max: 153.44
Current: 73.66

During the past 8 years, Novatti Group's highest Days Sales Outstanding was 153.44. The lowest was 32.13. And the median was 83.83.

NTTIF's Days Sales Outstanding is ranked worse than
61% of 2731 companies
in the Software industry
Industry Median: 61.83 vs NTTIF: 73.66

Novatti Group's Days Sales Outstanding increased from Dec. 2022 (66.56) to Dec. 2023 (68.25).

Novatti Group Days Sales Outstanding Historical Data

The historical data trend for Novatti Group'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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Novatti Group Days Sales Outstanding Chart

Novatti Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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158.27

110.98

57.82

50.73

58.73

Novatti Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											67.90	45.89	66.56	72.31	68.25

Competitive Comparison of Novatti Group's Days Sales Outstanding

For the Software - Infrastructure subindustry, Novatti Group'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.

Novatti Group's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Novatti Group's Days Sales Outstanding falls into.

Novatti Group 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.

Novatti Group's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (4.008	+	4.411)	/	2 )	/	26.16	*	365
=	4.2095					/	26.16	*	365
=	58.73

Novatti Group'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
=	( (4.411	+	6.327)	/	2 )	/	14.357	*	365 / 2
=	5.369					/	14.357	*	365 / 2
=	68.25

Novatti Group (OTCPK:NTTIF) Days Sales Outstanding Explanation

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

Novatti Group Days Sales Outstanding Related Terms

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Novatti Group (Novatti Group) Business Description

Industry

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NOV:Australia

Address

461 Bourke Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.novatti.com

Novatti Group Ltd is a software technology company. The company's operating segment includes Technology, Business Automation, Acquiring, Alternative Payments, Banking Services, ATX Payments, Issuing and Corporate Overheads. The Alternative Payments segment that derives majority revenue provides a network that interconnects emerging payment platforms, remittance operators, financial institutions, retailers, utilities and all types of telecommunication operators. The company operates in Australia, Malta, Malaysia, Brazil, United States, United Arab Emirates, Netherlands, New Zealand, Gibraltar, Channel Island and Others.