Parkit Enterprise (TSXV:PKT) Days Sales Outstanding : 9.46 (As of Mar. 2024)

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What is Parkit Enterprise Days Sales Outstanding?

Parkit Enterprise's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.71 Mil. Parkit Enterprise's Revenue for the three months ended in Mar. 2024 was C$6.82 Mil. Hence, Parkit Enterprise's Days Sales Outstanding for the three months ended in Mar. 2024 was 9.46.

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

TSXV:PKT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.48 Med: 15.02 Max: 416.23
Current: 4.35

During the past 13 years, Parkit Enterprise's highest Days Sales Outstanding was 416.23. The lowest was 0.48. And the median was 15.02.

TSXV:PKT's Days Sales Outstanding is ranked better than
87.05% of 1660 companies
in the Real Estate industry
Industry Median: 36.63 vs TSXV:PKT: 4.35

Parkit Enterprise's Days Sales Outstanding increased from Mar. 2023 (6.99) to Mar. 2024 (9.46).

Parkit Enterprise Days Sales Outstanding Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Days Sales Outstanding Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Days Sales Outstanding

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76.04

6.76

9.84

15.02

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															6.99	0.76	0.71	10.07	9.46

Competitive Comparison of Parkit Enterprise's Days Sales Outstanding

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Parkit Enterprise's Days Sales Outstanding falls into.

Parkit Enterprise 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.

Parkit Enterprise'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
=	( (0.49	+	1.413)	/	2 )	/	23.126	*	365
=	0.9515					/	23.126	*	365
=	15.02

Parkit Enterprise'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
=	( (1.413	+	0.001)	/	2 )	/	6.823	*	365 / 4
=	0.707					/	6.823	*	365 / 4
=	9.46

Parkit Enterprise (TSXV:PKT) Days Sales Outstanding Explanation

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

Parkit Enterprise Days Sales Outstanding Related Terms

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Parkit Enterprise (TSXV:PKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (TSXV:PKT) » Definitions » Days Sales Outstanding

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PKTEF:USA

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.

Executives

Parkit Enterprise Inc.

10% Security Holder

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