Vision Marine Technologies (Vision Marine Technologies) Days Sales Outstanding

: 5.52 (As of Nov. 2023)

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Vision Marine Technologies's average Accounts Receivable for the three months ended in Nov. 2023 was $0.04 Mil. Vision Marine Technologies's Revenue for the three months ended in Nov. 2023 was $0.72 Mil. Hence, Vision Marine Technologies's Days Sales Outstanding for the three months ended in Nov. 2023 was 5.52.

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

VMAR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.87 Med: 4.26 Max: 13.07
Current: 13.07

During the past 6 years, Vision Marine Technologies's highest Days Sales Outstanding was 13.07. The lowest was 1.87. And the median was 4.26.

VMAR's Days Sales Outstanding is ranked better than
91.27% of 1271 companies
in the Vehicles & Parts industry
Industry Median: 60.7 vs VMAR: 13.07

Vision Marine Technologies's Days Sales Outstanding declined from Nov. 2022 (6.58) to Nov. 2023 (5.52).

Vision Marine Technologies Days Sales Outstanding Historical Data

The historical data trend for Vision Marine 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.

* Premium members only.

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

5.15

11.19

2.75

3.37

5.57

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Sales Outstanding															6.58	23.11	25.61	9.77	5.52

Competitive Comparison

For the Recreational Vehicles subindustry, Vision Marine 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.

Vision Marine Technologies Days Sales Outstanding Distribution

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

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

Vision Marine 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.

Vision Marine Technologies's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (0.084	+	0.044)	/	2 )	/	4.194	*	365
=	0.064					/	4.194	*	365
=	5.57

Vision Marine Technologies's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding (Q: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (0.044	+	0.043)	/	2 )	/	0.719	*	365 / 4
=	0.0435					/	0.719	*	365 / 4
=	5.52

Vision Marine Technologies (NAS:VMAR) Days Sales Outstanding Explanation

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

Vision Marine Technologies Days Sales Outstanding Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.