Green Scientific Labs Holdings (XCNQ:GSL) Days Sales Outstanding : 26.44 (As of Mar. 2023)

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What is Green Scientific Labs Holdings Days Sales Outstanding?

Green Scientific Labs Holdings's average Accounts Receivable for the three months ended in Mar. 2023 was C$0.15 Mil. Green Scientific Labs Holdings's Revenue for the three months ended in Mar. 2023 was C$0.52 Mil. Hence, Green Scientific Labs Holdings's Days Sales Outstanding for the three months ended in Mar. 2023 was 26.44.

The historical rank and industry rank for Green Scientific Labs Holdings's Days Sales Outstanding or its related term are showing as below:

XCNQ:GSL's Days Sales Outstanding is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 72.035
* Ranked among companies with meaningful Days Sales Outstanding only.

Green Scientific Labs Holdings's Days Sales Outstanding increased from Mar. 2022 (21.40) to Mar. 2023 (26.44).

Green Scientific Labs Holdings Days Sales Outstanding Historical Data

The historical data trend for Green Scientific Labs Holdings'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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Green Scientific Labs Holdings Days Sales Outstanding Chart

Green Scientific Labs Holdings Annual Data

Trend

Apr20

Apr21

Dec22

Days Sales Outstanding

12.39

Green Scientific Labs Holdings Quarterly Data
	Jan20	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Sales Outstanding	Get a 7-Day Free Trial							21.40	25.23	29.69	-	26.44

Competitive Comparison of Green Scientific Labs Holdings's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Green Scientific Labs Holdings'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.

Green Scientific Labs Holdings's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Green Scientific Labs Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Green Scientific Labs Holdings's Days Sales Outstanding falls into.

Green Scientific Labs Holdings 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.

Green Scientific Labs Holdings's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.114)	/	1 )	/	3.358	*	365
=	0.114					/	3.358	*	365
=	12.39

Green Scientific Labs Holdings'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
=	( (0.114	+	0.185)	/	2 )	/	0.516	*	365 / 4
=	0.1495					/	0.516	*	365 / 4
=	26.44

Green Scientific Labs Holdings (XCNQ:GSL) Days Sales Outstanding Explanation

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

Green Scientific Labs Holdings Days Sales Outstanding Related Terms

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Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Scientific Labs Holdings Inc (XCNQ:GSL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314

Website

https://www.greenscientificlabs.com

Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.