Avante (Avante) Days Sales Outstanding : 89.93 (As of Dec. 2023)

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What is Avante Days Sales Outstanding?

Avante's average Accounts Receivable for the three months ended in Dec. 2023 was $5.10 Mil. Avante's Revenue for the three months ended in Dec. 2023 was $5.17 Mil. Hence, Avante's Days Sales Outstanding for the three months ended in Dec. 2023 was 89.93.

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

ALXXF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 49.4 Med: 64.48 Max: 343.71
Current: 117.24

During the past 13 years, Avante's highest Days Sales Outstanding was 343.71. The lowest was 49.40. And the median was 64.48.

ALXXF's Days Sales Outstanding is ranked worse than
86.72% of 1039 companies
in the Business Services industry
Industry Median: 58.15 vs ALXXF: 117.24

Avante's Days Sales Outstanding increased from Sep. 2022 (65.93) to Dec. 2023 (89.93).

Avante Days Sales Outstanding Historical Data

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

Avante Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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73.36

89.21

327.59

204.92

72.41

Avante Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															65.93	74.46	76.25	91.98	89.93

Competitive Comparison of Avante's Days Sales Outstanding

For the Security & Protection Services subindustry, Avante'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.

Avante's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avante's Days Sales Outstanding distribution charts can be found below:

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

Avante 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.

Avante's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (2.513	+	3.275)	/	2 )	/	14.587	*	365
=	2.894					/	14.587	*	365
=	72.41

Avante'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
=	( (4.68	+	5.518)	/	2 )	/	5.174	*	365 / 4
=	5.099					/	5.174	*	365 / 4
=	89.93

Avante (OTCPK:ALXXF) Days Sales Outstanding Explanation

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

Avante Days Sales Outstanding Related Terms

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Avante (Avante) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avante Corp (OTCPK:ALXXF) » Definitions » Days Sales Outstanding

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XX:Canada

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.