Quarterhill (Quarterhill) Days Sales Outstanding : 52.10 (As of Dec. 2023)

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What is Quarterhill Days Sales Outstanding?

Quarterhill's average Accounts Receivable for the three months ended in Dec. 2023 was $24.9 Mil. Quarterhill's Revenue for the three months ended in Dec. 2023 was $43.6 Mil. Hence, Quarterhill's Days Sales Outstanding for the three months ended in Dec. 2023 was 52.10.

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

QTRHF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.23 Med: 58.98 Max: 71.56
Current: 51.33

During the past 13 years, Quarterhill's highest Days Sales Outstanding was 71.56. The lowest was 18.23. And the median was 58.98.

QTRHF's Days Sales Outstanding is ranked better than
77.2% of 2460 companies
in the Hardware industry
Industry Median: 74.48 vs QTRHF: 51.33

Quarterhill's Days Sales Outstanding increased from Dec. 2022 (50.13) to Dec. 2023 (52.10).

Quarterhill Days Sales Outstanding Historical Data

The historical data trend for Quarterhill'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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Quarterhill Days Sales Outstanding Chart

Quarterhill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.53

70.08

63.76

63.34

55.55

Quarterhill 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															50.13	44.13	43.80	62.58	52.10

Competitive Comparison of Quarterhill's Days Sales Outstanding

For the Communication Equipment subindustry, Quarterhill'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.

Quarterhill's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Quarterhill's Days Sales Outstanding distribution charts can be found below:

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

Quarterhill 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.

Quarterhill's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (17.134	+	26.953)	/	2 )	/	144.839	*	365
=	22.0435					/	144.839	*	365
=	55.55

Quarterhill'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
=	( (22.797	+	26.953)	/	2 )	/	43.568	*	365 / 4
=	24.875					/	43.568	*	365 / 4
=	52.10

Quarterhill (OTCPK:QTRHF) Days Sales Outstanding Explanation

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

Quarterhill Days Sales Outstanding Related Terms

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Quarterhill (Quarterhill) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quarterhill Inc (OTCPK:QTRHF) » Definitions » Days Sales Outstanding

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QTRH:Canada

Address

25 King Street West, Suite 1101, Toronto, ON, CAN, M5L 2A1

Website

https://www.quarterhill.com

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. It operates in two segments Licensing, which includes companies that count licensing as their principal business activity, and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world. The majority of the revenue comes from the United States.