Shift (TSE:3697) Days Sales Outstanding : 39.78 (As of Feb. 2024)

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What is Shift Days Sales Outstanding?

Shift's average Accounts Receivable for the three months ended in Feb. 2024 was 円11,873 Mil. Shift's Revenue for the three months ended in Feb. 2024 was 円27,232 Mil. Hence, Shift's Days Sales Outstanding for the three months ended in Feb. 2024 was 39.78.

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

TSE:3697' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.93 Med: 41.17 Max: 48.2
Current: 39.27

During the past 11 years, Shift's highest Days Sales Outstanding was 48.20. The lowest was 35.93. And the median was 41.17.

TSE:3697's Days Sales Outstanding is ranked better than
77.75% of 2737 companies
in the Software industry
Industry Median: 61.81 vs TSE:3697: 39.27

Shift's Days Sales Outstanding increased from Feb. 2023 (38.68) to Feb. 2024 (39.78).

Shift Days Sales Outstanding Historical Data

The historical data trend for Shift'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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Shift Days Sales Outstanding Chart

Shift Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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44.03

42.88

38.90

39.24

39.45

Shift Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															38.68	37.66	38.34	40.26	39.78

Competitive Comparison of Shift's Days Sales Outstanding

For the Software - Application subindustry, Shift'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.

Shift's Days Sales Outstanding Distribution in the Software Industry

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

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

Shift 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.

Shift's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (7981	+	11048)	/	2 )	/	88030	*	365
=	9514.5					/	88030	*	365
=	39.45

Shift's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (11078	+	12667)	/	2 )	/	27232	*	365 / 4
=	11872.5					/	27232	*	365 / 4
=	39.78

Shift (TSE:3697) Days Sales Outstanding Explanation

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

Shift Days Sales Outstanding Related Terms

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Shift (TSE:3697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shift Inc (TSE:3697) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

7CZ:Germany

Address

MASONIC 39 MT BUILDING, 2-4-5 Azabudai, Minato-ku, Tokyo, JPN, 106-0041

Website

http://www.shiftinc.jp

Shift Inc provides software testing services. The company's solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.

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