Toromont Industries (Toromont Industries) Days Sales Outstanding : 45.41 (As of Dec. 2023)

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What is Toromont Industries Days Sales Outstanding?

Toromont Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $455 Mil. Toromont Industries's Revenue for the three months ended in Dec. 2023 was $915 Mil. Hence, Toromont Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 45.41.

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

TMTNF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.09 Med: 46.27 Max: 54.18
Current: 45.46

During the past 13 years, Toromont Industries's highest Days Sales Outstanding was 54.18. The lowest was 40.09. And the median was 46.27.

TMTNF's Days Sales Outstanding is ranked better than
74.31% of 144 companies
in the Industrial Distribution industry
Industry Median: 57.455 vs TMTNF: 45.46

Toromont Industries's Days Sales Outstanding declined from Dec. 2022 (46.62) to Dec. 2023 (45.41).

Toromont Industries Days Sales Outstanding Historical Data

The historical data trend for Toromont 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.

Toromont Industries Days Sales Outstanding Chart

Toromont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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46.55

48.45

40.07

41.84

43.95

Toromont 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															46.62	46.59	43.28	47.79	45.41

Competitive Comparison of Toromont Industries's Days Sales Outstanding

For the Industrial Distribution subindustry, Toromont 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.

Toromont Industries's Days Sales Outstanding Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Toromont Industries's Days Sales Outstanding distribution charts can be found below:

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

Toromont 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.

Toromont Industries'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
=	( (390.682	+	438.949)	/	2 )	/	3445.364	*	365
=	414.8155					/	3445.364	*	365
=	43.95

Toromont 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
=	( (471.239	+	438.949)	/	2 )	/	914.533	*	365 / 4
=	455.094					/	914.533	*	365 / 4
=	45.41

Toromont Industries (OTCPK:TMTNF) Days Sales Outstanding Explanation

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

Toromont Industries Days Sales Outstanding Related Terms

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Toromont Industries (Toromont Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (OTCPK:TMTNF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

14T:Germany TIH:Canada

Address

3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7

Website

https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America.