Synex Renewable Energy (TSX:SXI) Days Sales Outstanding : 19.74 (As of Dec. 2023)

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What is Synex Renewable Energy Days Sales Outstanding?

Synex Renewable Energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.21 Mil. Synex Renewable Energy's Revenue for the three months ended in Dec. 2023 was C$0.97 Mil. Hence, Synex Renewable Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 19.74.

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

TSX:SXI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.37 Med: 36.39 Max: 56.56
Current: 19.78

During the past 13 years, Synex Renewable Energy's highest Days Sales Outstanding was 56.56. The lowest was 19.37. And the median was 36.39.

TSX:SXI's Days Sales Outstanding is ranked better than
95.82% of 407 companies
in the Utilities - Independent Power Producers industry
Industry Median: 65.74 vs TSX:SXI: 19.78

Synex Renewable Energy's Days Sales Outstanding increased from Dec. 2022 (14.64) to Dec. 2023 (19.74).

Synex Renewable Energy Days Sales Outstanding Historical Data

The historical data trend for Synex Renewable Energy'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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Synex Renewable Energy Days Sales Outstanding Chart

Synex Renewable Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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26.50

19.37

46.30

56.56

32.06

Synex Renewable Energy 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															14.64	14.14	11.05	15.43	19.74

Competitive Comparison of Synex Renewable Energy's Days Sales Outstanding

For the Utilities - Renewable subindustry, Synex Renewable Energy'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.

Synex Renewable Energy's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Synex Renewable Energy's Days Sales Outstanding falls into.

Synex Renewable Energy 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.

Synex Renewable Energy's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.347	+	0.04)	/	2 )	/	2.203	*	365
=	0.1935					/	2.203	*	365
=	32.06

Synex Renewable Energy'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
=	( (0.007	+	0.414)	/	2 )	/	0.973	*	365 / 4
=	0.2105					/	0.973	*	365 / 4
=	19.74

Synex Renewable Energy (TSX:SXI) Days Sales Outstanding Explanation

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

Synex Renewable Energy Days Sales Outstanding Related Terms

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Synex Renewable Energy (TSX:SXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Synex Renewable Energy Corp (TSX:SXI) » Definitions » Days Sales Outstanding

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V5X:Germany

Address

4248 Broughton Avenue, Niagara Falls, ON, CAN, L2E 0A4

Website

https://www.synex.com

Synex Renewable Energy Corp is engaged in the development, ownership, and operation of electric power facilities and the provision of consulting engineering and environmental services in water resources, particularly hydroelectric facilities. Its projects include Barr Creek Hydro Plant, Mears Creek Hydro Project, Cypress Creek Hydro Project, and Sea Breeze products among others.