Fast Accounting Co (TSE:5588) Days Sales Outstanding : 6.98 (As of Mar. 2024)

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What is Fast Accounting Co Days Sales Outstanding?

Fast Accounting Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円29 Mil. Fast Accounting Co's Revenue for the three months ended in Mar. 2024 was 円377 Mil. Hence, Fast Accounting Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.98.

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

TSE:5588' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.98 Med: 9.91 Max: 15.34
Current: 10.96

During the past 3 years, Fast Accounting Co's highest Days Sales Outstanding was 15.34. The lowest was 6.98. And the median was 9.91.

TSE:5588's Days Sales Outstanding is ranked better than
95.54% of 2737 companies
in the Software industry
Industry Median: 61.8 vs TSE:5588: 10.96

Fast Accounting Co's Days Sales Outstanding increased from Dec. 2022 (0.00) to Mar. 2024 (6.98).

Fast Accounting Co Days Sales Outstanding Historical Data

The historical data trend for Fast Accounting Co'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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Fast Accounting Co Days Sales Outstanding Chart

Fast Accounting Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

15.34

9.91

6.98

Fast Accounting Co Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial			-	-	10.58	7.80	6.98

Competitive Comparison of Fast Accounting Co's Days Sales Outstanding

For the Software - Infrastructure subindustry, Fast Accounting Co'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.

Fast Accounting Co's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Fast Accounting Co's Days Sales Outstanding falls into.

Fast Accounting Co 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.

Fast Accounting Co'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
=	( (23.297	+	23.834)	/	2 )	/	1232.393	*	365
=	23.5655					/	1232.393	*	365
=	6.98

Fast Accounting Co'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
=	( (23.834	+	33.884)	/	2 )	/	377.35	*	365 / 4
=	28.859					/	377.35	*	365 / 4
=	6.98

Fast Accounting Co (TSE:5588) Days Sales Outstanding Explanation

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

Fast Accounting Co Days Sales Outstanding Related Terms

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Fast Accounting Co (TSE:5588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fast Accounting Co Ltd (TSE:5588) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-15 Hamamatsucho, VORT Hamamatsucho I 3rd Floor, Minato-ku, Tokyo, JPN, 105-0013

Website

https://www.fastaccounting.jp

Fast Accounting Co Ltd is engaged in AI solution business specializing in the field of accounting. Its services include invoice Automation of input/confirmation, Automated invoice matching, Automate receipt input/confirmation, Automated receipt matching and others.

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