Grounded Lithium (Grounded Lithium) Days Sales Outstanding : 1,292.71 (As of Mar. 2024)

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What is Grounded Lithium Days Sales Outstanding?

Grounded Lithium's average Accounts Receivable for the three months ended in Mar. 2024 was $0.04 Mil. Grounded Lithium's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Hence, Grounded Lithium's Days Sales Outstanding for the three months ended in Mar. 2024 was 1,292.71.

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

GRDAF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4672
Current: 4672

During the past 3 years, Grounded Lithium's highest Days Sales Outstanding was 4672.00. The lowest was 0.00. And the median was 0.00.

GRDAF's Days Sales Outstanding is ranked worse than
95.56% of 788 companies
in the Metals & Mining industry
Industry Median: 42.94 vs GRDAF: 4672.00

Grounded Lithium's Days Sales Outstanding increased from Mar. 2023 (882.08) to Mar. 2024 (1,292.71).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Grounded Lithium Days Sales Outstanding Historical Data

The historical data trend for Grounded Lithium'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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Grounded Lithium Days Sales Outstanding Chart

Grounded Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

Grounded Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial							882.08	-	-	-	1,292.71

Competitive Comparison of Grounded Lithium's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Grounded Lithium'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.

Grounded Lithium's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grounded Lithium's Days Sales Outstanding distribution charts can be found below:

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

Grounded Lithium 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.

Grounded Lithium'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
=	( (0.057	+	0.01)	/	2 )	/	0	*	365
=	0.0335					/	0	*	365
=	N/A

Grounded Lithium'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
=	( (0.01	+	0.075)	/	2 )	/	0.003	*	365 / 4
=	0.0425					/	0.003	*	365 / 4
=	1,292.71

Grounded Lithium (OTCPK:GRDAF) Days Sales Outstanding Explanation

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

Grounded Lithium Days Sales Outstanding Related Terms

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Grounded Lithium (Grounded Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grounded Lithium Corp (OTCPK:GRDAF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GRD:Canada

Address

500, 400-5th Avenue SW, Calgary, AB, CAN, T2P 0L6

Website

https://www.groundedlithium.com

Grounded Lithium Corp is a lithium resource company focused on supplying lithium to the rapidly developing electricity-powered economy. It controls approximately 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.