Modern Plant Based Foods (Modern Plant Based Foods) Days Sales Outstanding : 45.92 (As of Feb. 2024)

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What is Modern Plant Based Foods Days Sales Outstanding?

Modern Plant Based Foods's average Accounts Receivable for the three months ended in Feb. 2024 was $0.08 Mil. Modern Plant Based Foods's Revenue for the three months ended in Feb. 2024 was $0.15 Mil. Hence, Modern Plant Based Foods's Days Sales Outstanding for the three months ended in Feb. 2024 was 45.92.

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

MDRND' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.32 Med: 28.01 Max: 51.78
Current: 51.78

During the past 13 years, Modern Plant Based Foods's highest Days Sales Outstanding was 51.78. The lowest was 19.32. And the median was 28.01.

MDRND's Days Sales Outstanding is ranked worse than
67.17% of 1840 companies
in the Consumer Packaged Goods industry
Industry Median: 39.185 vs MDRND: 51.78

Modern Plant Based Foods's Days Sales Outstanding increased from Feb. 2023 (38.11) to Feb. 2024 (45.92).

Modern Plant Based Foods Days Sales Outstanding Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods Days Sales Outstanding Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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41.21

19.27

29.01

28.18

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															38.11	50.32	63.40	43.17	45.92

Competitive Comparison of Modern Plant Based Foods's Days Sales Outstanding

For the Packaged Foods subindustry, Modern Plant Based Foods'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.

Modern Plant Based Foods's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modern Plant Based Foods's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Modern Plant Based Foods's Days Sales Outstanding falls into.

Modern Plant Based Foods 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.

Modern Plant Based Foods's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (0.026	+	0.06)	/	2 )	/	0.557	*	365
=	0.043					/	0.557	*	365
=	28.18

Modern Plant Based Foods's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (0.063	+	0.091)	/	2 )	/	0.153	*	365 / 4
=	0.077					/	0.153	*	365 / 4
=	45.92

Modern Plant Based Foods (OTCPK:MDRND) Days Sales Outstanding Explanation

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

Modern Plant Based Foods Days Sales Outstanding Related Terms

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Modern Plant Based Foods (Modern Plant Based Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (OTCPK:MDRND) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

L3OP:Germany MEAT:Canada

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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