CardioComm Solutions (CardioComm Solutions) Days Sales Outstanding

: 71.38 (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

CardioComm Solutions's average Accounts Receivable for the three months ended in Sep. 2023 was $0.15 Mil. CardioComm Solutions's Revenue for the three months ended in Sep. 2023 was $0.19 Mil. Hence, CardioComm Solutions's Days Sales Outstanding for the three months ended in Sep. 2023 was 71.38.

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

EKGGF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.67 Med: 85.86 Max: 253.91
Current: 58.71

During the past 13 years, CardioComm Solutions's highest Days Sales Outstanding was 253.91. The lowest was 34.67. And the median was 85.86.

EKGGF's Days Sales Outstanding is ranked worse than
62.64% of 637 companies
in the Healthcare Providers & Services industry
Industry Median: 46.01 vs EKGGF: 58.71

CardioComm Solutions's Days Sales Outstanding declined from Sep. 2022 (83.65) to Sep. 2023 (71.38).

CardioComm Solutions Days Sales Outstanding Historical Data

The historical data trend for CardioComm Solutions'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.

CardioComm Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

260.88

167.93

50.94

98.43

73.95

CardioComm Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding																83.65	36.76	53.27	75.83	71.38

Competitive Comparison

For the Health Information Services subindustry, CardioComm Solutions'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.

CardioComm Solutions Days Sales Outstanding Distribution

For the Healthcare Providers & Services industry and Healthcare sector, CardioComm Solutions's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CardioComm Solutions's Days Sales Outstanding falls into.

CardioComm Solutions 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.

CardioComm Solutions'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: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.202	+	0.095)	/	2 )	/	0.733	*	365
=	0.1485					/	0.733	*	365
=	73.95

CardioComm Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.108	+	0.183)	/	2 )	/	0.186	*	365 / 4
=	0.1455					/	0.186	*	365 / 4
=	71.38

CardioComm Solutions (OTCPK:EKGGF) Days Sales Outstanding Explanation

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

CardioComm Solutions Days Sales Outstanding Related Terms

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

CardioComm Solutions (CardioComm Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CardioComm Solutions Inc (OTCPK:EKGGF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

EKG:Canada

Address

18 Wynford Drive, Suite 305, North York, ON, CAN, M3C 3S2

Website

https://www.cardiocommsolutions.com

CardioComm Solutions Inc develops advanced software, hardware and core laboratory reading services related to the electrocardiogram ("ECG") and ambulatory arrhythmia monitoring systems for medical and consumer markets. It engages in the provision of management software solutions. It specializes in software engineering of computer-based electrocardiogram management and reporting software. The company's products include software, Gems Win, Global ECG Management System, GlobalCardio 12 lead; hardware, include handheld ECG monitor; Asp Services, include ECG management service and smart monitoring; software modules, consists of Win Air, Auto attendant, HL7 interface and EMR integration; and other products, include ECG viewer SDK and QRS 12 lead universal.