Forward Water Technologies (TSXV:FWTC) Days Sales Outstanding : 49.00 (As of Dec. 2023)

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What is Forward Water Technologies Days Sales Outstanding?

Forward Water Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.01 Mil. Forward Water Technologies's Revenue for the three months ended in Dec. 2023 was C$0.03 Mil. Hence, Forward Water Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 49.00.

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

TSXV:FWTC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 54.46 Med: 82.13 Max: 82.13
Current: 54.46

During the past 3 years, Forward Water Technologies's highest Days Sales Outstanding was 82.13. The lowest was 54.46. And the median was 82.13.

TSXV:FWTC's Days Sales Outstanding is ranked worse than
51.27% of 511 companies
in the Utilities - Regulated industry
Industry Median: 53.86 vs TSXV:FWTC: 54.46

Forward Water Technologies's Days Sales Outstanding increased from Dec. 2022 (15.21) to Dec. 2023 (49.00).

Warning Sign:

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

Forward Water Technologies Days Sales Outstanding Historical Data

The historical data trend for Forward Water Technologies'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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Forward Water Technologies Days Sales Outstanding Chart

Forward Water Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Days Sales Outstanding

82.13

Forward Water Technologies Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								15.21	70.97	197.71	51.33	49.00

Competitive Comparison of Forward Water Technologies's Days Sales Outstanding

For the Utilities - Regulated Water subindustry, Forward Water Technologies'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.

Forward Water Technologies's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Forward Water Technologies's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Forward Water Technologies's Days Sales Outstanding falls into.

Forward Water Technologies 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.

Forward Water Technologies's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0	+	0.009)	/	1 )	/	0.04	*	365
=	0.009					/	0.04	*	365
=	82.13

Forward Water Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.023	+	0.006)	/	2 )	/	0.027	*	365 / 4
=	0.0145					/	0.027	*	365 / 4
=	49.00

Forward Water Technologies (TSXV:FWTC) Days Sales Outstanding Explanation

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

Forward Water Technologies Days Sales Outstanding Related Terms

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Forward Water Technologies (TSXV:FWTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Forward Water Technologies Corp (TSXV:FWTC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1086 Modeland Road, Sarnia, ON, CAN, N7S 6L2

Website

https://www.forwardwater.com

Forward Water Technologies Corp is dedicated towards the commercialization of its proprietary forward osmosis technology. The technology allows manufacturing operations to clean wastewater that would otherwise require costly disposal. The technology also enables the reclamation of up to 90% of the waste as clean water and the return of this valuable resource to the environment. Alternatively, clean water can be reused by manufacturing operations to reduce overall water consumption and environmental footprint.

Executives

Wayne Maddever

Director, Senior Officer

Forward Water Technologies (TSXV:FWTC) Headlines

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