Maxim Power (TSX:MXG) Days Sales Outstanding : 37.82 (As of Dec. 2023)

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What is Maxim Power Days Sales Outstanding?

Maxim Power's average Accounts Receivable for the three months ended in Dec. 2023 was C$16.16 Mil. Maxim Power's Revenue for the three months ended in Dec. 2023 was C$38.99 Mil. Hence, Maxim Power's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.82.

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

TSX:MXG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.96 Med: 83.16 Max: 604.89
Current: 143.2

During the past 13 years, Maxim Power's highest Days Sales Outstanding was 604.89. The lowest was 27.96. And the median was 83.16.

TSX:MXG's Days Sales Outstanding is ranked worse than
76.05% of 405 companies
in the Utilities - Independent Power Producers industry
Industry Median: 64.51 vs TSX:MXG: 143.20

Maxim Power's Days Sales Outstanding increased from Dec. 2022 (0.00) to Dec. 2023 (37.82).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Maxim Power Days Sales Outstanding Historical Data

The historical data trend for Maxim Power'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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Maxim Power Days Sales Outstanding Chart

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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47.65

27.96

28.90

48.93

249.78

Maxim Power 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															-	-	-	422.29	37.82

Competitive Comparison of Maxim Power's Days Sales Outstanding

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.

Maxim Power's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Maxim Power's Days Sales Outstanding distribution charts can be found below:

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

Maxim Power 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.

Maxim Power'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
=	( (0	+	28.371)	/	1 )	/	41.458	*	365
=	28.371					/	41.458	*	365
=	249.78

Maxim Power'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
=	( (3.945	+	28.371)	/	2 )	/	38.99	*	365 / 4
=	16.158					/	38.99	*	365 / 4
=	37.82

Maxim Power (TSX:MXG) Days Sales Outstanding Explanation

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

Maxim Power Days Sales Outstanding Related Terms

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Maxim Power (TSX:MXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (TSX:MXG) » Definitions » Days Sales Outstanding

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MXGFF:USA

Address

715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.

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