GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (OTCPK:CTVEF) » Definitions » Days Sales Outstanding

Certive Solutions (Certive Solutions) Days Sales Outstanding : 46.84 (As of Nov. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Certive Solutions Days Sales Outstanding?

Certive Solutions's average Accounts Receivable for the three months ended in Nov. 2023 was $0.13 Mil. Certive Solutions's Revenue for the three months ended in Nov. 2023 was $0.26 Mil. Hence, Certive Solutions's Days Sales Outstanding for the three months ended in Nov. 2023 was 46.84.

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

CTVEF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.91   Med: 23.66   Max: 82.66
Current: 27.95

During the past 13 years, Certive Solutions's highest Days Sales Outstanding was 82.66. The lowest was 5.91. And the median was 23.66.

CTVEF's Days Sales Outstanding is ranked better than
73.59% of 640 companies
in the Healthcare Providers & Services industry
Industry Median: 46.205 vs CTVEF: 27.95

Certive Solutions's Days Sales Outstanding increased from Nov. 2022 (6.85) to Nov. 2023 (46.84).


Certive Solutions Days Sales Outstanding Historical Data

The historical data trend for Certive Solutions'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.

Certive Solutions Days Sales Outstanding Chart

Certive Solutions Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.28 14.54 5.40 26.29 36.79

Certive Solutions Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.85 16.16 26.13 33.78 46.84

Competitive Comparison of Certive Solutions's Days Sales Outstanding

For the Health Information Services subindustry, Certive Solutions'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.


Certive Solutions's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Certive Solutions's Days Sales Outstanding distribution charts can be found below:

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



Certive Solutions 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.

Certive Solutions's Days Sales Outstanding for the fiscal year that ended in May. 2023 is calculated as

Days Sales Outstanding (A: May. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count ) / Revenue (A: May. 2023 )*Days in Period
=( (0.15 + 0.106) / 2 ) / 1.27*365
=0.128 / 1.27*365
=36.79

Certive Solutions's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

Days Sales Outstanding (Q: Nov. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Aug. 2023 ) + Accounts Receivable (A: Nov. 2023 )) / count ) / Revenue (A: Nov. 2023 )*Days in Period
=( (0.165 + 0.104) / 2 ) / 0.262*365 / 4
=0.1345 / 0.262*365 / 4
=46.84

* 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.


Certive Solutions  (OTCPK:CTVEF) Days Sales Outstanding Explanation

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


Certive Solutions Days Sales Outstanding Related Terms

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


Certive Solutions (Certive Solutions) Business Description

Traded in Other Exchanges
Address
8149 North 87th Place, Scottsdale, AZ, USA, 85258
Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

Certive Solutions (Certive Solutions) Headlines

From GuruFocus

Certive Announces Annual General Meeting Results and Offering

By ACCESSWIRE AccessWire 04-12-2019

Certive Announces New Hospital Client

By ACCESSWIRE ACCESSWIRE 07-16-2021

Certive Announces Expanded Scope of Work with Major Client

By ACCESSWIRE AccessWire 04-12-2019

Certive Announces New Board Member and AGSM

By ACCESSWIRE ACCESSWIRE 09-01-2021