Goodfood Market (TSX:FOOD) Days Sales Outstanding : 8.68 (As of Feb. 2024)

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What is Goodfood Market Days Sales Outstanding?

Goodfood Market's average Accounts Receivable for the three months ended in Feb. 2024 was C$3.8 Mil. Goodfood Market's Revenue for the three months ended in Feb. 2024 was C$39.8 Mil. Hence, Goodfood Market's Days Sales Outstanding for the three months ended in Feb. 2024 was 8.68.

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

TSX:FOOD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.27 Med: 0.45 Max: 8.61
Current: 8.61

During the past 9 years, Goodfood Market's highest Days Sales Outstanding was 8.61. The lowest was 0.27. And the median was 0.45.

TSX:FOOD's Days Sales Outstanding is ranked better than
74.26% of 101 companies
in the Personal Services industry
Industry Median: 20.38 vs TSX:FOOD: 8.61

Goodfood Market's Days Sales Outstanding increased from Feb. 2023 (7.26) to Feb. 2024 (8.68).

Goodfood Market Days Sales Outstanding Historical Data

The historical data trend for Goodfood Market'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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Goodfood Market Days Sales Outstanding Chart

Goodfood Market Annual Data

Trend

Dec15

Dec16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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0.27

Goodfood Market Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															7.26	8.12	10.05	8.96	8.68

Competitive Comparison of Goodfood Market's Days Sales Outstanding

For the Personal Services subindustry, Goodfood Market'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.

Goodfood Market's Days Sales Outstanding Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Days Sales Outstanding distribution charts can be found below:

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

Goodfood Market 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.

Goodfood Market's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	168.558	*	365
=	0					/	168.558	*	365
=	0.00

Goodfood Market's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (3.973	+	3.594)	/	2 )	/	39.755	*	365 / 4
=	3.7835					/	39.755	*	365 / 4
=	8.68

Goodfood Market (TSX:FOOD) Days Sales Outstanding Explanation

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

Goodfood Market Days Sales Outstanding Related Terms

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Goodfood Market (TSX:FOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (TSX:FOOD) » Definitions » Days Sales Outstanding

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GDDFF:USA 76O:Germany

Address

4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2

Website

https://www.makegoodfood.ca

Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.

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