Medicure (TSXV:MPH) Days Sales Outstanding : 89.59 (As of Dec. 2023)

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What is Medicure Days Sales Outstanding?

Medicure's average Accounts Receivable for the three months ended in Dec. 2023 was C$4.98 Mil. Medicure's Revenue for the three months ended in Dec. 2023 was C$5.07 Mil. Hence, Medicure's Days Sales Outstanding for the three months ended in Dec. 2023 was 89.59.

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

TSXV:MPH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.85 Med: 101.29 Max: 239.45
Current: 126.04

During the past 13 years, Medicure's highest Days Sales Outstanding was 239.45. The lowest was 48.85. And the median was 101.29.

TSXV:MPH's Days Sales Outstanding is ranked worse than
84.22% of 1001 companies
in the Drug Manufacturers industry
Industry Median: 71.68 vs TSXV:MPH: 126.04

Medicure's Days Sales Outstanding declined from Sep. 2022 (95.73) to Dec. 2023 (89.59).

Medicure Days Sales Outstanding Historical Data

The historical data trend for Medicure'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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Medicure Days Sales Outstanding Chart

Medicure Annual Data

Trend

May14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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179.25

239.45

81.33

80.06

83.71

Medicure Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															95.73	77.88	95.10	107.06	89.59

Competitive Comparison of Medicure's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Medicure'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.

Medicure's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Medicure's Days Sales Outstanding distribution charts can be found below:

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

Medicure 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.

Medicure'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
=	( (5.525	+	4.426)	/	2 )	/	21.694	*	365
=	4.9755					/	21.694	*	365
=	83.71

Medicure'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
=	( (5.531	+	4.426)	/	2 )	/	5.071	*	365 / 4
=	4.9785					/	5.071	*	365 / 4
=	89.59

Medicure (TSXV:MPH) Days Sales Outstanding Explanation

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

Medicure Days Sales Outstanding Related Terms

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Medicure (TSXV:MPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medicure Inc (TSXV:MPH) » Definitions » Days Sales Outstanding

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MCUJF:USA NGQ1:Germany

Address

2 - 1250 Waverley Street, Winnipeg, MB, CAN, R3T 6C6

Website

https://www.medicure.com

Medicure Inc is a biopharmaceutical company. It is involved in the research, clinical development, and commercialization of human therapeutics for the United States hospital market. Further, it also operates a specialty pharmacy in the United States of America. The company's present focus is the sale and marketing of its cardiovascular products, AGGRASTAT, ZYPITAMAG, and developing its e-commerce and mail order pharmaceutical business. The company operates in two segments namely, Marketing and distribution of commercial products and, Retail and mail order pharmacy. The majority of the company's revenue is generated from the marketing and distribution of the commercial products segment.

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