RenoWorks Software (TSXV:RW) Days Sales Outstanding : 48.84 (As of Dec. 2023)

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What is RenoWorks Software Days Sales Outstanding?

RenoWorks Software's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.80 Mil. RenoWorks Software's Revenue for the three months ended in Dec. 2023 was C$1.50 Mil. Hence, RenoWorks Software's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.84.

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

TSXV:RW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.09 Med: 40.76 Max: 61.47
Current: 45.11

During the past 13 years, RenoWorks Software's highest Days Sales Outstanding was 61.47. The lowest was 36.09. And the median was 40.76.

TSXV:RW's Days Sales Outstanding is ranked better than
71.23% of 2732 companies
in the Software industry
Industry Median: 61.815 vs TSXV:RW: 45.11

RenoWorks Software's Days Sales Outstanding declined from Dec. 2022 (68.40) to Dec. 2023 (48.84).

RenoWorks Software Days Sales Outstanding Historical Data

The historical data trend for RenoWorks Software'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.

* Premium members only.

RenoWorks Software Days Sales Outstanding Chart

RenoWorks Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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36.89

36.09

39.87

40.88

40.63

RenoWorks Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															68.40	52.57	40.98	44.19	48.84

Competitive Comparison of RenoWorks Software's Days Sales Outstanding

For the Software - Application subindustry, RenoWorks Software'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.

RenoWorks Software's Days Sales Outstanding Distribution in the Software Industry

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

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

RenoWorks Software 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.

RenoWorks Software'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
=	( (0.735	+	0.666)	/	2 )	/	6.293	*	365
=	0.7005					/	6.293	*	365
=	40.63

RenoWorks Software'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.943	+	0.666)	/	2 )	/	1.503	*	365 / 4
=	0.8045					/	1.503	*	365 / 4
=	48.84

RenoWorks Software (TSXV:RW) Days Sales Outstanding Explanation

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

RenoWorks Software Days Sales Outstanding Related Terms

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RenoWorks Software (TSXV:RW) Business Description

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ROWKF:USA

Address

2721 Hopewell Place NE, 2nd Floor, Calgary, AB, CAN, T1Y 7J7

Website

https://www.renoworks.com

RenoWorks Software Inc is a Canada-based software company. It develops and distributes digital visualization software for the remodeling and new home construction industry. The company's product offering includes Design services, Licensing and hosting, Libraries, Implementation and others. It serves manufacturers, contractors, retailers, marketers, homeowners, and builders. The firm markets its technologies as innovative engagement tools and generates revenues from four main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services and Renoworks API (Application Programming Interface).

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