PowerBand Solutions (TSXV:PBX) Days Sales Outstanding : 179.70 (As of Sep. 2023)

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What is PowerBand Solutions Days Sales Outstanding?

PowerBand Solutions's average Accounts Receivable for the three months ended in Sep. 2023 was C$1.09 Mil. PowerBand Solutions's Revenue for the three months ended in Sep. 2023 was C$0.56 Mil. Hence, PowerBand Solutions's Days Sales Outstanding for the three months ended in Sep. 2023 was 179.70.

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

TSXV:PBX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.18 Med: 34.87 Max: 138.14
Current: 122.46

During the past 13 years, PowerBand Solutions's highest Days Sales Outstanding was 138.14. The lowest was 5.18. And the median was 34.87.

TSXV:PBX's Days Sales Outstanding is ranked worse than
82.91% of 2726 companies
in the Software industry
Industry Median: 62.195 vs TSXV:PBX: 122.46

PowerBand Solutions's Days Sales Outstanding increased from Sep. 2022 (81.97) to Sep. 2023 (179.70).

Warning Sign:

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

PowerBand Solutions Days Sales Outstanding Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions Days Sales Outstanding Chart

PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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5.18

91.20

138.14

21.68

34.87

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															81.97	58.07	133.56	286.76	179.70

Competitive Comparison of PowerBand Solutions's Days Sales Outstanding

For the Software - Application subindustry, PowerBand Solutions'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.

PowerBand Solutions's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, PowerBand Solutions's Days Sales Outstanding distribution charts can be found below:

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

PowerBand Solutions 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.

PowerBand Solutions's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (1.547	+	0.891)	/	2 )	/	12.761	*	365
=	1.219					/	12.761	*	365
=	34.87

PowerBand Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0	+	1.093)	/	1 )	/	0.555	*	365 / 4
=	1.093					/	0.555	*	365 / 4
=	179.70

PowerBand Solutions (TSXV:PBX) Days Sales Outstanding Explanation

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

PowerBand Solutions Days Sales Outstanding Related Terms

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PowerBand Solutions (TSXV:PBX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (TSXV:PBX) » Definitions » Days Sales Outstanding

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PWWBF:USA

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.

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