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Forward Industries (Forward Industries) Days Sales Outstanding : 86.15 (As of Dec. 2023)


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What is Forward Industries Days Sales Outstanding?

Forward Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $6.75 Mil. Forward Industries's Revenue for the three months ended in Dec. 2023 was $7.15 Mil. Hence, Forward Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 86.15.

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

FORD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.48   Med: 76.11   Max: 83.7
Current: 83.7

During the past 13 years, Forward Industries's highest Days Sales Outstanding was 83.70. The lowest was 57.48. And the median was 76.11.

FORD's Days Sales Outstanding is ranked worse than
75% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.79 vs FORD: 83.70

Forward Industries's Days Sales Outstanding increased from Dec. 2022 (75.16) to Dec. 2023 (86.15).


Forward Industries Days Sales Outstanding Historical Data

The historical data trend for Forward Industries'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.

Forward Industries Days Sales Outstanding Chart

Forward Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.69 75.68 76.53 77.88 72.19

Forward Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 75.16 71.52 71.38 131.04 86.15

Competitive Comparison of Forward Industries's Days Sales Outstanding

For the Footwear & Accessories subindustry, Forward Industries'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 Industries's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Days Sales Outstanding distribution charts can be found below:

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



Forward Industries 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 Industries's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

Days Sales Outstanding (A: Sep. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count ) / Revenue (A: Sep. 2023 )*Days in Period
=( (7.543 + 6.969) / 2 ) / 36.688*365
=7.256 / 36.688*365
=72.19

Forward Industries'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
=( (6.969 + 6.535) / 2 ) / 7.152*365 / 4
=6.752 / 7.152*365 / 4
=86.15

* 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.


Forward Industries  (NAS:FORD) 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 Industries Days Sales Outstanding Related Terms

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


Forward Industries (Forward Industries) Business Description

Traded in Other Exchanges
N/A
Address
700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788
Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.
Executives
Kathleen Weisberg officer: Chief Financial Officer 700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE NY 11788
Sangita Shah director C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Sharon Hemond Hrynkow director 4816 KING SOLOMON DRIVE, ANNADALE VA 22003
James W Zigler director
Wild Robert W Jr. officer: COO of Subsidiary 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Mitchell Maiman officer: President of Subsidiary 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Paul Jean Severino officer: COO of Subsidiary 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Thomas Edward Kramer officer: CEO to Subsidiary 8560 COTTONWOOD ST. NW, SUITE 100, MINNEAPOLIS MN 55433
Anthony Camarda officer: Chief Financial Officer 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Douglas David Matthews officer: Sr VP/Chief Operating Officer 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Jenny P. Yu 10 percent owner 9255 DOHENY ROAD, APT. 2905, WEST HOLLYWOOD CA 90069
James M Frost director 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Michael L. Luetkemeyer director 411 LANDMARK DRIVE, WILMINGTON NC 28412
Sharon Hrynkow director C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Michael D Matte officer: Chief Financial Officer