Sylogist (TSX:SYZ) Days Sales Outstanding : 48.50 (As of Mar. 2024)

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What is Sylogist Days Sales Outstanding?

Sylogist's average Accounts Receivable for the three months ended in Mar. 2024 was C$8.67 Mil. Sylogist's Revenue for the three months ended in Mar. 2024 was C$16.31 Mil. Hence, Sylogist's Days Sales Outstanding for the three months ended in Mar. 2024 was 48.50.

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

TSX:SYZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.38 Med: 33.64 Max: 54.8
Current: 47.9

During the past 13 years, Sylogist's highest Days Sales Outstanding was 54.80. The lowest was 16.38. And the median was 33.64.

TSX:SYZ's Days Sales Outstanding is ranked better than
67.23% of 2731 companies
in the Software industry
Industry Median: 61.83 vs TSX:SYZ: 47.90

Sylogist's Days Sales Outstanding increased from Mar. 2023 (33.93) to Mar. 2024 (48.50).

Sylogist Days Sales Outstanding Historical Data

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

Sylogist Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

30.14

22.07

16.38

17.84

31.73

Sylogist Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															33.93	41.01	50.49	57.72	48.50

Competitive Comparison of Sylogist's Days Sales Outstanding

For the Software - Application subindustry, Sylogist'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.

Sylogist's Days Sales Outstanding Distribution in the Software Industry

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

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

Sylogist 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.

Sylogist'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: Sep. 2021 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1.872	+	9.517)	/	2 )	/	65.514	*	365
=	5.6945					/	65.514	*	365
=	31.73

Sylogist'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
=	( (9.517	+	7.817)	/	2 )	/	16.306	*	365 / 4
=	8.667					/	16.306	*	365 / 4
=	48.50

Sylogist (TSX:SYZ) Days Sales Outstanding Explanation

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

Sylogist Days Sales Outstanding Related Terms

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

Sylogist (TSX:SYZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylogist Ltd (TSX:SYZ) » Definitions » Days Sales Outstanding

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SYZLF:USA

Address

5 Richard Way S.W., Suite 102, Calgary, AB, CAN, T3E 7M8

Website

https://www.sylogist.com

Sylogist Ltd is a software company that provides Enterprise Resource Planning solutions, including fund accounting, grant management, and payroll to public service organizations. The only segment is Public Sector. Its solutions include Serenic Navigator for K-12 Education, Serenic Navigator for Nonprofit Organizations, NaviPayroll, NaviTrak, NaviView, NaviNet, NaviBridge, and others. It receives maximum revenue in the form of cloud subscriptions. Geographically, the company offers its services to the United States of America, Canada, and the United Kingdom region. The majority of the revenue comes from the United States of America.

Executives

Errol Olsen

Director

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