FirstService (TSX:FSV) Days Sales Outstanding

: 67.06 (As of Dec. 2023)

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FirstService's average Accounts Receivable for the three months ended in Dec. 2023 was C$1,064 Mil. FirstService's Revenue for the three months ended in Dec. 2023 was C$1,448 Mil. Hence, FirstService's Days Sales Outstanding for the three months ended in Dec. 2023 was 67.06.

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

TSX:FSV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.51 Med: 51.31 Max: 73.81
Current: 61.95

During the past 13 years, FirstService's highest Days Sales Outstanding was 73.81. The lowest was 30.51. And the median was 51.31.

TSX:FSV's Days Sales Outstanding is ranked worse than
64.07% of 1667 companies
in the Real Estate industry
Industry Median: 36.42 vs TSX:FSV: 61.95

FirstService's Days Sales Outstanding increased from Dec. 2022 (52.88) to Dec. 2023 (67.06).

FirstService Days Sales Outstanding Historical Data

The historical data trend for FirstService'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.

FirstService Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

48.40

54.22

54.53

56.30

62.57

FirstService 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																52.88	59.21	60.24	60.91	67.06

Competitive Comparison

For the Real Estate Services subindustry, FirstService'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.

FirstService Days Sales Outstanding Distribution

For the Real Estate industry and Real Estate sector, FirstService's Days Sales Outstanding distribution charts can be found below:

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

FirstService 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.

FirstService'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
=	( (863.927	+	1129.944)	/	2 )	/	5815.23	*	365
=	996.9355					/	5815.23	*	365
=	62.57

FirstService'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
=	( (998.278	+	1129.944)	/	2 )	/	1447.935	*	365 / 4
=	1064.111					/	1447.935	*	365 / 4
=	67.06

FirstService (TSX:FSV) Days Sales Outstanding Explanation

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

FirstService Days Sales Outstanding Related Terms

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FirstService (TSX:FSV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FirstService Corp (TSX:FSV) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FSV:USA

Address

1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9

Website

https://www.firstservice.com

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives. FirstService Brands generates most of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.