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Solution Financial (TSX:SFI) Days Sales Outstanding : 10.87 (As of Jan. 2024)


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What is Solution Financial Days Sales Outstanding?

Solution Financial's average Accounts Receivable for the three months ended in Jan. 2024 was C$0.37 Mil. Solution Financial's Revenue for the three months ended in Jan. 2024 was C$3.09 Mil. Hence, Solution Financial's Days Sales Outstanding for the three months ended in Jan. 2024 was 10.87.

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

TSX:SFI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.63   Med: 8.51   Max: 36.55
Current: 13.99

During the past 13 years, Solution Financial's highest Days Sales Outstanding was 36.55. The lowest was 6.63. And the median was 8.51.

TSX:SFI's Days Sales Outstanding is ranked better than
90.63% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 60.285 vs TSX:SFI: 13.99

Solution Financial's Days Sales Outstanding declined from Jan. 2023 (12.82) to Jan. 2024 (10.87).


Solution Financial Days Sales Outstanding Historical Data

The historical data trend for Solution Financial'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.

* Premium members only.

Solution Financial Days Sales Outstanding Chart

Solution Financial Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.19 7.12 8.01 6.63 9.01

Solution Financial Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.82 17.24 9.23 12.74 10.87

Competitive Comparison of Solution Financial's Days Sales Outstanding

For the Auto & Truck Dealerships subindustry, Solution Financial'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.


Solution Financial's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Solution Financial's Days Sales Outstanding distribution charts can be found below:

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



Solution Financial 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.

Solution Financial's Days Sales Outstanding for the fiscal year that ended in Oct. 2023 is calculated as

Days Sales Outstanding (A: Oct. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count ) / Revenue (A: Oct. 2023 )*Days in Period
=( (0.234 + 0.525) / 2 ) / 15.377*365
=0.3795 / 15.377*365
=9.01

Solution Financial's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding (Q: Jan. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Oct. 2023 ) + Accounts Receivable (A: Jan. 2024 )) / count ) / Revenue (A: Jan. 2024 )*Days in Period
=( (0.525 + 0.211) / 2 ) / 3.088*365 / 4
=0.368 / 3.088*365 / 4
=10.87

* 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.


Solution Financial  (TSX:SFI) Days Sales Outstanding Explanation

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


Solution Financial Days Sales Outstanding Related Terms

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Solution Financial (TSX:SFI) Business Description

Traded in Other Exchanges
Address
Unit 137 - 8680 Cambie Road, Richmond, BC, CAN, V6X 4K1
Solution Financial Inc is engaged in retail sales, leases, and financing for high-end automotive vehicles, ultra-luxury vehicles, boats, and commercial equipment. The firm generates the majority of its revenue through the sales and leases of vehicles.

Solution Financial (TSX:SFI) Headlines

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