SQI Diagnostics (SQI Diagnostics) Days Sales Outstanding : 71.63 (As of Mar. 2023)

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What is SQI Diagnostics Days Sales Outstanding?

SQI Diagnostics's average Accounts Receivable for the three months ended in Mar. 2023 was $0.15 Mil. SQI Diagnostics's Revenue for the three months ended in Mar. 2023 was $0.19 Mil. Hence, SQI Diagnostics's Days Sales Outstanding for the three months ended in Mar. 2023 was 71.63.

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

SQIDF's Days Sales Outstanding is not ranked ^*
in the Medical Diagnostics & Research industry.
Industry Median: 69.345
* Ranked among companies with meaningful Days Sales Outstanding only.

SQI Diagnostics's Days Sales Outstanding increased from Mar. 2022 (12.54) to Mar. 2023 (71.63).

SQI Diagnostics Days Sales Outstanding Historical Data

The historical data trend for SQI Diagnostics'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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SQI Diagnostics Days Sales Outstanding Chart

SQI Diagnostics Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Sales Outstanding

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137.59

103.14

118.99

131.58

13.22

SQI Diagnostics Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Sales Outstanding	Get a 7-Day Free Trial															12.54	62.11	26.43	74.98	71.63

Competitive Comparison of SQI Diagnostics's Days Sales Outstanding

For the Diagnostics & Research subindustry, SQI Diagnostics'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.

SQI Diagnostics's Days Sales Outstanding Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, SQI Diagnostics's Days Sales Outstanding distribution charts can be found below:

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

SQI Diagnostics 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.

SQI Diagnostics's Days Sales Outstanding for the fiscal year that ended in Sep. 2022 is calculated as

	Days Sales Outstanding (A: Sep. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )	/	Revenue (A: Sep. 2022 )	*	Days in Period
=	( (0.161	+	0.279)	/	2 )	/	6.074	*	365
=	0.22					/	6.074	*	365
=	13.22

SQI Diagnostics's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding (Q: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.145	+	0.147)	/	2 )	/	0.186	*	365 / 4
=	0.146					/	0.186	*	365 / 4
=	71.63

SQI Diagnostics (OTCPK:SQIDF) Days Sales Outstanding Explanation

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

SQI Diagnostics Days Sales Outstanding Related Terms

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SQI Diagnostics (SQI Diagnostics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » SQI Diagnostics Inc (OTCPK:SQIDF) » Definitions » Days Sales Outstanding

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Address

36 Meteor Drive, Toronto, ON, CAN, M9W 1A4

Website

https://www.sqidiagnostics.com

SQI Diagnostics Inc is the leader in the field of lung health. The company develops and manufactures respiratory health and precision medicine tests that run on SQI's automated systems. The company is developing tests to simplify and improve COVID-19 antibody monitoring, rapid acute lung injury testing, donor organ transplant informatics, and immunological protein and antibody testing. Its geographical segments are the United States, Canada, and Europe. Canada accounts for more than half of its revenues.