Stornoway Diamond (Stornoway Diamond) Days Sales Outstanding : 2.88 (As of Jun. 2019)

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What is Stornoway Diamond Days Sales Outstanding?

Stornoway Diamond's average Accounts Receivable for the three months ended in Jun. 2019 was $4.5 Mil. Stornoway Diamond's Revenue for the three months ended in Jun. 2019 was $142.5 Mil. Hence, Stornoway Diamond's Days Sales Outstanding for the three months ended in Jun. 2019 was 2.88.

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

SWYDF's Days Sales Outstanding is not ranked ^*
in the Metals & Mining industry.
Industry Median: 42.325
* Ranked among companies with meaningful Days Sales Outstanding only.

Stornoway Diamond's Days Sales Outstanding declined from Jun. 2018 (10.64) to Jun. 2019 (2.88).

Stornoway Diamond Days Sales Outstanding Historical Data

The historical data trend for Stornoway Diamond'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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Stornoway Diamond Days Sales Outstanding Chart

Stornoway Diamond Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Days Sales Outstanding

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0.31

0.87

Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Days Sales Outstanding	Get a 7-Day Free Trial															10.64	15.06	9.05	6.00	2.88

Competitive Comparison of Stornoway Diamond's Days Sales Outstanding

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.

Stornoway Diamond's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Stornoway Diamond's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Stornoway Diamond's Days Sales Outstanding falls into.

Stornoway Diamond 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.

Stornoway Diamond's Days Sales Outstanding for the fiscal year that ended in Dec. 2018 is calculated as

	Days Sales Outstanding (A: Dec. 2018 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )	/	Revenue (A: Dec. 2018 )	*	Days in Period
=	( (0.13	+	0.459)	/	2 )	/	123.167	*	365
=	0.2945					/	123.167	*	365
=	0.87

Stornoway Diamond's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:

	Days Sales Outstanding (Q: Jun. 2019 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2019 )	+	Accounts Receivable (A: Jun. 2019 ))	/	count )	/	Revenue (A: Jun. 2019 )	*	Days in Period
=	( (4.783	+	4.208)	/	2 )	/	142.547	*	365 / 4
=	4.4955					/	142.547	*	365 / 4
=	2.88

Stornoway Diamond (OTCPK:SWYDF) Days Sales Outstanding Explanation

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

Stornoway Diamond Days Sales Outstanding Related Terms

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Stornoway Diamond (Stornoway Diamond) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (OTCPK:SWYDF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

From GuruFocus

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire • 07-04-2018

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire • 08-22-2019

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire • 10-07-2019

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire • 06-13-2018

Stornoway Diamond's 2016 Financial Report Reaffirms Its Position in the Industry

By Lovisa Alvin Lovisa Alvin • 02-27-2017

Stornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny as the Corporation's Chief Operating Officer

By GlobeNewswire GlobeNewswire • 06-25-2020