Reliq Health Technologies (TSXV:RHT) Days Sales Outstanding : 71.18 (As of Sep. 2022)

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What is Reliq Health Technologies Days Sales Outstanding?

Reliq Health Technologies's average Accounts Receivable for the three months ended in Sep. 2022 was C$2.71 Mil. Reliq Health Technologies's Revenue for the three months ended in Sep. 2022 was C$3.47 Mil. Hence, Reliq Health Technologies's Days Sales Outstanding for the three months ended in Sep. 2022 was 71.18.

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

TSXV:RHT's Days Sales Outstanding is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 46.01
* Ranked among companies with meaningful Days Sales Outstanding only.

Reliq Health Technologies's Days Sales Outstanding declined from Sep. 2021 (171.12) to Sep. 2022 (71.18).

Reliq Health Technologies Days Sales Outstanding Historical Data

The historical data trend for Reliq Health Technologies'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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Reliq Health Technologies Days Sales Outstanding Chart

Reliq Health Technologies Annual Data

Trend

Dec13

Dec14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Sales Outstanding

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182.10

1,291.54

192.08

404.95

97.65

Reliq Health Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Sales Outstanding	Get a 7-Day Free Trial															171.12	199.79	234.87	195.12	71.18

Competitive Comparison of Reliq Health Technologies's Days Sales Outstanding

For the Health Information Services subindustry, Reliq Health Technologies'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.

Reliq Health Technologies's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Reliq Health Technologies's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Reliq Health Technologies's Days Sales Outstanding falls into.

Reliq Health Technologies 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.

Reliq Health Technologies's Days Sales Outstanding for the fiscal year that ended in Jun. 2022 is calculated as

	Days Sales Outstanding (A: Jun. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )	/	Revenue (A: Jun. 2022 )	*	Days in Period
=	( (2.197	+	2.379)	/	2 )	/	8.552	*	365
=	2.288					/	8.552	*	365
=	97.65

Reliq Health Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding (Q: Sep. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )	/	Revenue (A: Sep. 2022 )	*	Days in Period
=	( (2.379	+	3.038)	/	2 )	/	3.472	*	365 / 4
=	2.7085					/	3.472	*	365 / 4
=	71.18

Reliq Health Technologies (TSXV:RHT) Days Sales Outstanding Explanation

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

Reliq Health Technologies Days Sales Outstanding Related Terms

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Reliq Health Technologies (TSXV:RHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Reliq Health Technologies Inc (TSXV:RHT) » Definitions » Days Sales Outstanding

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Address

175 Longwood Rd S., Suite 406A, Hamilton, ON, CAN, L8P 0A1

Website

https://www.reliqhealth.com

Reliq Health Technologies Inc specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq's IUGO health technology platform is a hardware and software solution that allows complex patients to receive high-quality care in the home, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery. The firm earns through the supply of mobile device management (MDM) solutions for mobile devices and subscriptions of the iUGO CARE platform to healthcare client. The firm is based in Canada.

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