Tree Island Steel (TSX:TSL) Days Sales Outstanding : 37.08 (As of Dec. 2023)

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What is Tree Island Steel Days Sales Outstanding?

Tree Island Steel's average Accounts Receivable for the three months ended in Dec. 2023 was C$25.3 Mil. Tree Island Steel's Revenue for the three months ended in Dec. 2023 was C$62.2 Mil. Hence, Tree Island Steel's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.08.

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

TSX:TSL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.77 Med: 38.93 Max: 44.06
Current: 43.16

During the past 13 years, Tree Island Steel's highest Days Sales Outstanding was 44.06. The lowest was 34.77. And the median was 38.93.

TSX:TSL's Days Sales Outstanding is ranked better than
56.33% of 600 companies
in the Steel industry
Industry Median: 49.98 vs TSX:TSL: 43.16

Tree Island Steel's Days Sales Outstanding declined from Dec. 2022 (37.83) to Dec. 2023 (37.08).

Tree Island Steel Days Sales Outstanding Historical Data

The historical data trend for Tree Island Steel'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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Tree Island Steel Days Sales Outstanding Chart

Tree Island Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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44.06

41.48

38.01

34.77

38.87

Tree Island Steel 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															37.83	40.58	49.80	51.07	37.08

Competitive Comparison of Tree Island Steel's Days Sales Outstanding

For the Steel subindustry, Tree Island Steel'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.

Tree Island Steel's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tree Island Steel's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tree Island Steel's Days Sales Outstanding falls into.

Tree Island Steel 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.

Tree Island Steel'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
=	( (30.445	+	23.748)	/	2 )	/	254.466	*	365
=	27.0965					/	254.466	*	365
=	38.87

Tree Island Steel'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
=	( (26.832	+	23.748)	/	2 )	/	62.239	*	365 / 4
=	25.29					/	62.239	*	365 / 4
=	37.08

Tree Island Steel (TSX:TSL) Days Sales Outstanding Explanation

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

Tree Island Steel Days Sales Outstanding Related Terms

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Tree Island Steel (TSX:TSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tree Island Steel Ltd (TSX:TSL) » Definitions » Days Sales Outstanding

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TWIRF:USA

Address

3933 Boundary Road, Richmond, BC, CAN, V6V 1T8

Website

https://www.treeisland.com

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.