Remitly Global (Remitly Global) Days Sales Outstanding : 138.78 (As of Mar. 2024)

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What is Remitly Global Days Sales Outstanding?

Remitly Global's average Accounts Receivable for the three months ended in Mar. 2024 was $409 Mil. Remitly Global's Revenue for the three months ended in Mar. 2024 was $269 Mil. Hence, Remitly Global's Days Sales Outstanding for the three months ended in Mar. 2024 was 138.78.

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

RELY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.94 Med: 72.22 Max: 110.32
Current: 96.89

During the past 5 years, Remitly Global's highest Days Sales Outstanding was 110.32. The lowest was 46.94. And the median was 72.22.

RELY's Days Sales Outstanding is ranked worse than
74.93% of 2728 companies
in the Software industry
Industry Median: 61.85 vs RELY: 96.89

Remitly Global's Days Sales Outstanding increased from Mar. 2023 (70.41) to Mar. 2024 (138.78).

Warning Sign:

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

Remitly Global Days Sales Outstanding Historical Data

The historical data trend for Remitly Global'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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Remitly Global Days Sales Outstanding Chart

Remitly Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

85.14

57.00

46.94

72.22

110.32

Remitly Global Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial												70.41	51.09	75.19	110.07	138.78

Competitive Comparison of Remitly Global's Days Sales Outstanding

For the Software - Infrastructure subindustry, Remitly Global'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.

Remitly Global's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Remitly Global's Days Sales Outstanding falls into.

Remitly Global 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.

Remitly Global'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
=	( (191.402	+	379.417)	/	2 )	/	944.285	*	365
=	285.4095					/	944.285	*	365
=	110.32

Remitly Global's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (379.417	+	439.183)	/	2 )	/	269.118	*	365 / 4
=	409.3					/	269.118	*	365 / 4
=	138.78

Remitly Global (NAS:RELY) Days Sales Outstanding Explanation

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

Remitly Global Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Remitly Global's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Remitly Global (Remitly Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Remitly Global Inc (NAS:RELY) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

N/A

Address

1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101

Website

https://www.remitly.com

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Executives

Rene Yoakum	officer: EVP, Customer and Culture	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Bora Chung	director	C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303
Matthew B. Oppenheimer	director, officer: Chief Executive Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Hemanth Munipalli	officer: Chief Financial Officer	C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101
Joshua Hug	director, officer: Chief Operating Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Ankur Sinha	officer: Chief Technology Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Nigel W Morris	director	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Gail A Miller	officer: Chief Accounting Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101
Phyllis J Campbell	director	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Ryno Blignaut	director	C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Stripes Holdings, Llc	10 percent owner	402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014
Stripes Iii, Lp	10 percent owner	402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014
Stripes Gp Iii, Llc	10 percent owner	402 WEST 13TH STREET, NEW YORK NY 10014
Kenneth A Fox	10 percent owner
William Kazuo Bryant	director	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101