Priortech (XTAE:PRTC) Days Sales Outstanding : 25.84 (As of Mar. 2024)

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What is Priortech Days Sales Outstanding?

Priortech's average Accounts Receivable for the three months ended in Mar. 2024 was ₪0.21 Mil. Priortech's Revenue for the three months ended in Mar. 2024 was ₪0.73 Mil. Hence, Priortech's Days Sales Outstanding for the three months ended in Mar. 2024 was 25.84.

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

XTAE:PRTC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.49 Med: 185.29 Max: 31655.43
Current: 36.89

During the past 9 years, Priortech's highest Days Sales Outstanding was 31655.43. The lowest was 16.49. And the median was 185.29.

XTAE:PRTC's Days Sales Outstanding is ranked better than
89.06% of 2458 companies
in the Hardware industry
Industry Median: 74.195 vs XTAE:PRTC: 36.89

Priortech's Days Sales Outstanding declined from Mar. 2023 (39.10) to Mar. 2024 (25.84).

Priortech Days Sales Outstanding Historical Data

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

Priortech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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8,722.67

16.51

84.55

94.40

32.12

Priortech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															39.10	49.65	51.74	28.26	25.84

Competitive Comparison of Priortech's Days Sales Outstanding

For the Electronic Components subindustry, Priortech'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.

Priortech's Days Sales Outstanding Distribution in the Hardware Industry

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

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

Priortech 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.

Priortech'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
=	( (0.261	+	0.179)	/	2 )	/	2.5	*	365
=	0.22					/	2.5	*	365
=	32.12

Priortech'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
=	( (0.179	+	0.235)	/	2 )	/	0.731	*	365 / 4
=	0.207					/	0.731	*	365 / 4
=	25.84

Priortech (XTAE:PRTC) Days Sales Outstanding Explanation

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

Priortech Days Sales Outstanding Related Terms

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Priortech (XTAE:PRTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Priortech Ltd (XTAE:PRTC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

POB 631, Industrial Zone, Migdal Haemek, ISR, 23105

Website

http://www.prior-tech.co.il

Priortech Ltd provides contract manufacturing services. It also operates through its subsidiaries. Its activities include supply of printed circuit boards and assembled electronic components & supply of automated optical inspection solutions and wafers. It operates in electronics industry and provides capital equipment, technologies, and manufacturing services.