Canlan Ice Sports (TSX:ICE) Days Sales Outstanding : 10.61 (As of Dec. 2023)

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What is Canlan Ice Sports Days Sales Outstanding?

Canlan Ice Sports's average Accounts Receivable for the three months ended in Dec. 2023 was C$2.86 Mil. Canlan Ice Sports's Revenue for the three months ended in Dec. 2023 was C$24.62 Mil. Hence, Canlan Ice Sports's Days Sales Outstanding for the three months ended in Dec. 2023 was 10.61.

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

TSX:ICE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.93 Med: 12.03 Max: 24.95
Current: 9.93

During the past 13 years, Canlan Ice Sports's highest Days Sales Outstanding was 24.95. The lowest was 9.93. And the median was 12.03.

TSX:ICE's Days Sales Outstanding is ranked better than
79.25% of 800 companies
in the Travel & Leisure industry
Industry Median: 29.875 vs TSX:ICE: 9.93

Canlan Ice Sports's Days Sales Outstanding increased from Dec. 2022 (8.33) to Dec. 2023 (10.61).

Canlan Ice Sports Days Sales Outstanding Historical Data

The historical data trend for Canlan Ice Sports'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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Canlan Ice Sports Days Sales Outstanding Chart

Canlan Ice Sports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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13.00

24.95

21.38

11.09

10.96

Canlan Ice Sports 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															8.33	8.05	8.78	11.67	10.61

Competitive Comparison of Canlan Ice Sports's Days Sales Outstanding

For the Leisure subindustry, Canlan Ice Sports'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.

Canlan Ice Sports's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Canlan Ice Sports's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Canlan Ice Sports's Days Sales Outstanding falls into.

Canlan Ice Sports 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.

Canlan Ice Sports'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
=	( (2.184	+	2.991)	/	2 )	/	86.151	*	365
=	2.5875					/	86.151	*	365
=	10.96

Canlan Ice Sports'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
=	( (2.735	+	2.991)	/	2 )	/	24.617	*	365 / 4
=	2.863					/	24.617	*	365 / 4
=	10.61

Canlan Ice Sports (TSX:ICE) Days Sales Outstanding Explanation

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

Canlan Ice Sports Days Sales Outstanding Related Terms

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Canlan Ice Sports (TSX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, space rental, and others. Geographically it generates the majority of its revenue from Canada.