TrueContext (TSXV:TCXT) Days Sales Outstanding : 50.49 (As of Dec. 2023)

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What is TrueContext Days Sales Outstanding?

TrueContext's average Accounts Receivable for the three months ended in Dec. 2023 was C$4.69 Mil. TrueContext's Revenue for the three months ended in Dec. 2023 was C$8.47 Mil. Hence, TrueContext's Days Sales Outstanding for the three months ended in Dec. 2023 was 50.49.

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

TSXV:TCXT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.69 Med: 59.65 Max: 72.76
Current: 46.63

During the past 13 years, TrueContext's highest Days Sales Outstanding was 72.76. The lowest was 33.69. And the median was 59.65.

TSXV:TCXT's Days Sales Outstanding is ranked better than
69.13% of 2734 companies
in the Software industry
Industry Median: 61.68 vs TSXV:TCXT: 46.63

TrueContext's Days Sales Outstanding declined from Dec. 2022 (58.40) to Dec. 2023 (50.49).

TrueContext Days Sales Outstanding Historical Data

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

TrueContext Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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57.53

61.40

61.62

61.55

63.69

TrueContext 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															58.40	50.00	33.46	36.27	50.49

Competitive Comparison of TrueContext's Days Sales Outstanding

For the Software - Application subindustry, TrueContext'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.

TrueContext's Days Sales Outstanding Distribution in the Software Industry

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

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

TrueContext 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.

TrueContext'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
=	( (5.677	+	5.733)	/	2 )	/	32.696	*	365
=	5.705					/	32.696	*	365
=	63.69

TrueContext'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
=	( (3.641	+	5.733)	/	2 )	/	8.47	*	365 / 4
=	4.687					/	8.47	*	365 / 4
=	50.49

TrueContext (TSXV:TCXT) Days Sales Outstanding Explanation

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

TrueContext Days Sales Outstanding Related Terms

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TrueContext (TSXV:TCXT) Business Description

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PPRRF:USA

Address

2500 Solandt Road, Suite 250, Building B, Ottawa, ON, CAN, K2K 3G5

Website

https://www.truecontext.com

TrueContext Corp is a company who is a global leader in field intelligence. The product's field workflows and data collection capabilities enable enterprise field teams to optimize decision-making, decrease organizational risk, maximize the uptime of valuable assets, and deliver exceptional service experiences. Over hundred thousand subscribers use the Company's product across multiple use cases, including asset inspection, compliance, installation, repair, maintenance, and environmental, health & safety with quantifiable business impacts.

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