Electrovaya (TSX:ELVA) Days Sales Outstanding : 57.12 (As of Sep. 2023)

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What is Electrovaya Days Sales Outstanding?

Electrovaya's average Accounts Receivable for the three months ended in Sep. 2023 was C$12.36 Mil. Electrovaya's Revenue for the three months ended in Sep. 2023 was C$19.75 Mil. Hence, Electrovaya's Days Sales Outstanding for the three months ended in Sep. 2023 was 57.12.

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

TSX:ELVA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.07 Med: 47.93 Max: 292.6
Current: 60.31

During the past 13 years, Electrovaya's highest Days Sales Outstanding was 292.60. The lowest was 34.07. And the median was 47.93.

TSX:ELVA's Days Sales Outstanding is ranked better than
70.44% of 2957 companies
in the Industrial Products industry
Industry Median: 79.37 vs TSX:ELVA: 60.31

Electrovaya's Days Sales Outstanding increased from Sep. 2022 (40.61) to Sep. 2023 (57.12).

Electrovaya Days Sales Outstanding Historical Data

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

Electrovaya Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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38.04

34.07

61.74

44.07

50.37

Electrovaya 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	Get a 7-Day Free Trial															40.61	55.18	61.67	77.19	57.12

Competitive Comparison of Electrovaya's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Electrovaya'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.

Electrovaya's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Electrovaya 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.

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

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (3.818	+	12.377)	/	2 )	/	58.679	*	365
=	8.0975					/	58.679	*	365
=	50.37

Electrovaya'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
=	( (12.349	+	12.377)	/	2 )	/	19.751	*	365 / 4
=	12.363					/	19.751	*	365 / 4
=	57.12

Electrovaya (TSX:ELVA) Days Sales Outstanding Explanation

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

Electrovaya Days Sales Outstanding Related Terms

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Electrovaya (TSX:ELVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electrovaya Inc (TSX:ELVA) » Definitions » Days Sales Outstanding

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ELVA:USA 4EV0:Germany

Address

6688 Kitimat Road, Mississauga, ON, CAN, L5N 1P8

Website

https://www.electrovaya.com

Electrovaya Inc designs develop and manufacture proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. It is a technology-focused company with extensive IP. The company generates revenue from the sale of batteries and battery systems. Business operations are segmented based on large format batteries and others. This technology offers enhanced safety and industry leading battery longevity. Geographically it earns key revenue from the United States.