Firan Technology Group (TSX:FTG) Days Sales Outstanding

: 71.31 (As of Feb. 2024)

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Firan Technology Group's average Accounts Receivable for the three months ended in Feb. 2024 was C$27.3 Mil. Firan Technology Group's Revenue for the three months ended in Feb. 2024 was C$35.0 Mil. Hence, Firan Technology Group's Days Sales Outstanding for the three months ended in Feb. 2024 was 71.31.

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

TSX:FTG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.1 Med: 67.03 Max: 76.86
Current: 62.24

During the past 13 years, Firan Technology Group's highest Days Sales Outstanding was 76.86. The lowest was 60.10. And the median was 67.03.

TSX:FTG's Days Sales Outstanding is ranked better than
51.16% of 301 companies
in the Aerospace & Defense industry
Industry Median: 63.6 vs TSX:FTG: 62.24

Firan Technology Group's Days Sales Outstanding increased from Feb. 2023 (61.48) to Feb. 2024 (71.31).

Firan Technology Group Days Sales Outstanding Historical Data

The historical data trend for Firan Technology Group'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.

Firan Technology Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Sales Outstanding

63.40

67.49

75.44

66.44

61.14

Firan Technology Group 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																61.48	56.64	65.85	63.83	71.31

Competitive Comparison

For the Aerospace & Defense subindustry, Firan Technology Group'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.

Firan Technology Group Days Sales Outstanding Distribution

For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Firan Technology Group's Days Sales Outstanding falls into.

Firan Technology Group 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.

Firan Technology Group's Days Sales Outstanding for the fiscal year that ended in Nov. 2023 is calculated as

	Days Sales Outstanding (A: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (16.615	+	28.679)	/	2 )	/	135.2	*	365
=	22.647					/	135.2	*	365
=	61.14

Firan Technology Group'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
=	( (28.679	+	25.983)	/	2 )	/	34.975	*	365 / 4
=	27.331					/	34.975	*	365 / 4
=	71.31

Firan Technology Group (TSX:FTG) Days Sales Outstanding Explanation

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

Firan Technology Group Days Sales Outstanding Related Terms

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Firan Technology Group (TSX:FTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (TSX:FTG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FTGFF:USA

Address

250 Finchdene Square, Finance Dept, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States. The majority of revenue is from the Circuit segment.

Firan Technology Group (TSX:FTG) Headlines

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