Flexible Solutions International (Flexible Solutions International) Days Sales Outstanding

: 81.12 (As of Dec. 2023)

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Flexible Solutions International's average Accounts Receivable for the three months ended in Dec. 2023 was $8.38 Mil. Flexible Solutions International's Revenue for the three months ended in Dec. 2023 was $9.43 Mil. Hence, Flexible Solutions International's Days Sales Outstanding for the three months ended in Dec. 2023 was 81.12.

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

FSI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 49.09 Med: 60.21 Max: 91.87
Current: 84.72

During the past 13 years, Flexible Solutions International's highest Days Sales Outstanding was 91.87. The lowest was 49.09. And the median was 60.21.

FSI's Days Sales Outstanding is ranked worse than
69.7% of 1525 companies
in the Chemicals industry
Industry Median: 63.56 vs FSI: 84.72

Flexible Solutions International's Days Sales Outstanding increased from Dec. 2022 (71.85) to Dec. 2023 (81.12).

Flexible Solutions International Days Sales Outstanding Historical Data

The historical data trend for Flexible Solutions International'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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Flexible Solutions International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

59.15

60.20

69.04

66.00

91.87

Flexible Solutions International 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															71.85	93.97	80.68	75.07	81.12

Competitive Comparison

For the Specialty Chemicals subindustry, Flexible Solutions International'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.

Flexible Solutions International Days Sales Outstanding Distribution

For the Chemicals industry and Basic Materials sector, Flexible Solutions International's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Flexible Solutions International's Days Sales Outstanding falls into.

Flexible Solutions International 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.

Flexible Solutions International'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
=	( (9.45	+	9.843)	/	2 )	/	38.325	*	365
=	9.6465					/	38.325	*	365
=	91.87

Flexible Solutions International'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
=	( (6.914	+	9.843)	/	2 )	/	9.425	*	365 / 4
=	8.3785					/	9.425	*	365 / 4
=	81.12

Flexible Solutions International (AMEX:FSI) Days Sales Outstanding Explanation

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

Flexible Solutions International Days Sales Outstanding Related Terms

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Flexible Solutions International (Flexible Solutions International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Flexible Solutions International Inc (AMEX:FSI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

6001 54 Avenue, Taber, AB, CAN, T1G 1X4

Website

https://www.flexiblesolutions.com

Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It primarily offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.

Executives

O Brien Daniel B	director, 10 percent owner, officer: President/CEO	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6 A1 V6C 3L6
Thomas Murray Fyles	director	3478 CARDIFF PLACE, VICTORIA A1 V8P 4Z1
Robert T Helina	director	P.O. BOX 670, (345) 323-7888, GEORGETOWN E9 KY1-1107
John H Bientjes	director	1-230 W 13TH ST, N VANCOUVER B C, V8N 1X5
Eric Glen Hodges	director	204 GOVERNMENT STREET, VICTORIA A1 V8V 2K9
Fred J Kupel	officer: Chief Financial Officer	3735 SE OGDEN STREET, PORTLAND OR 97202
O Brien Dr Robert N	director, 10 percent owner	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6
Dale Friend	director