Think Research (TSXV:THNK) Days Sales Outstanding : 62.84 (As of Sep. 2023)

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What is Think Research Days Sales Outstanding?

Think Research's average Accounts Receivable for the three months ended in Sep. 2023 was C$13.22 Mil. Think Research's Revenue for the three months ended in Sep. 2023 was C$19.19 Mil. Hence, Think Research's Days Sales Outstanding for the three months ended in Sep. 2023 was 62.84.

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

TSXV:THNK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.75 Med: 60.39 Max: 62.17
Current: 55.88

During the past 3 years, Think Research's highest Days Sales Outstanding was 62.17. The lowest was 33.75. And the median was 60.39.

TSXV:THNK's Days Sales Outstanding is ranked worse than
59.5% of 637 companies
in the Healthcare Providers & Services industry
Industry Median: 46.01 vs TSXV:THNK: 55.88

Think Research's Days Sales Outstanding increased from Sep. 2022 (59.09) to Sep. 2023 (62.84).

Think Research Days Sales Outstanding Historical Data

The historical data trend for Think Research'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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Think Research Days Sales Outstanding Chart

Think Research Annual Data

Trend

Sep20

Dec21

Dec22

Days Sales Outstanding

33.75

60.39

62.17

Think Research Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial								59.09	53.39	54.78	58.15	62.84

Competitive Comparison of Think Research's Days Sales Outstanding

For the Health Information Services subindustry, Think Research'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.

Think Research's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

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

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

Think Research 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.

Think Research'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
=	( (14.016	+	12.759)	/	2 )	/	78.604	*	365
=	13.3875					/	78.604	*	365
=	62.17

Think Research'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
=	( (15.219	+	11.212)	/	2 )	/	19.189	*	365 / 4
=	13.2155					/	19.189	*	365 / 4
=	62.84

Think Research (TSXV:THNK) Days Sales Outstanding Explanation

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

Think Research Days Sales Outstanding Related Terms

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Think Research (TSXV:THNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Think Research Corp (TSXV:THNK) » Definitions » Days Sales Outstanding

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THKKF:USA

Address

199 Bay Street, Suite 4000, Toronto, ON, CAN, M5L 1A9

Website

https://www.thinkresearch.com

Think Research Corp and its subsidiaries are a healthcare technology company digitalizing the delivery of knowledge to facilitate better healthcare outcomes. The company gathers, develops, and delivers a knowledge-based Software-as-a-Service solution globally to customers which typically includes enterprise clients, hospitals, health regions, healthcare professionals, and/or governments. Its cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care, including primary physician care, acute care hospitals and surgical suites as well as community and senior care.

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