Nova Cannabis (TSX:NOVC) Days Sales Outstanding : 8.30 (As of Mar. 2024)

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What is Nova Cannabis Days Sales Outstanding?

Nova Cannabis's average Accounts Receivable for the three months ended in Mar. 2024 was C$5.8 Mil. Nova Cannabis's Revenue for the three months ended in Mar. 2024 was C$64.3 Mil. Hence, Nova Cannabis's Days Sales Outstanding for the three months ended in Mar. 2024 was 8.30.

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

TSX:NOVC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.31 Med: 1.58 Max: 5.48
Current: 5.48

During the past 5 years, Nova Cannabis's highest Days Sales Outstanding was 5.48. The lowest was 1.31. And the median was 1.58.

TSX:NOVC's Days Sales Outstanding is ranked better than
94.87% of 643 companies
in the Healthcare Providers & Services industry
Industry Median: 46.87 vs TSX:NOVC: 5.48

Nova Cannabis's Days Sales Outstanding increased from Mar. 2023 (1.68) to Mar. 2024 (8.30).

Nova Cannabis Days Sales Outstanding Historical Data

The historical data trend for Nova Cannabis'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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Nova Cannabis Days Sales Outstanding Chart

Nova Cannabis Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

1.58

1.31

4.52

Nova Cannabis Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial												1.68	2.62	4.66	6.64	8.30

Competitive Comparison of Nova Cannabis's Days Sales Outstanding

For the Pharmaceutical Retailers subindustry, Nova Cannabis'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.

Nova Cannabis's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

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

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

Nova Cannabis 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.

Nova Cannabis'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
=	( (1.039	+	5.386)	/	2 )	/	259.325	*	365
=	3.2125					/	259.325	*	365
=	4.52

Nova Cannabis'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
=	( (5.386	+	6.302)	/	2 )	/	64.257	*	365 / 4
=	5.844					/	64.257	*	365 / 4
=	8.30

Nova Cannabis (TSX:NOVC) Days Sales Outstanding Explanation

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

Nova Cannabis Days Sales Outstanding Related Terms

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

Nova Cannabis (TSX:NOVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Cannabis Inc (TSX:NOVC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NVACF:USA 2LK:Germany

Address

101, 17220 Stony Plain Road NW, Edmonton, AB, CAN, T5S 1K6

Website

https://www.novacannabisstore.com

Nova Cannabis Inc is engaged in the operation of retail cannabis stores in Canada. It operates approximately 88 retail cannabis stores in Alberta, 16 in Ontario, and one in Saskatchewan. Some of its brands are Value Buds and Sweet Tree Cannabis Co. The company's products include Dried flowers, Pre-rolls, Candy and Cartridges, among others.

Executives

Cannell Capital Llc

10% Security Holder

Nova Cannabis (TSX:NOVC) Headlines

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