Forbidden Spirits Distilling (TSXV:VDKA.H) Days Sales Outstanding : 20.42 (As of Sep. 2022)

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What is Forbidden Spirits Distilling Days Sales Outstanding?

Forbidden Spirits Distilling's average Accounts Receivable for the three months ended in Sep. 2022 was C$0.07 Mil. Forbidden Spirits Distilling's Revenue for the three months ended in Sep. 2022 was C$0.32 Mil. Hence, Forbidden Spirits Distilling's Days Sales Outstanding for the three months ended in Sep. 2022 was 20.42.

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

TSXV:VDKA.H's Days Sales Outstanding is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 44.02
* Ranked among companies with meaningful Days Sales Outstanding only.

Forbidden Spirits Distilling's Days Sales Outstanding declined from Sep. 2021 (39.69) to Sep. 2022 (20.42).

Forbidden Spirits Distilling Days Sales Outstanding Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Days Sales Outstanding Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Days Sales Outstanding

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Sales Outstanding	Get a 7-Day Free Trial					39.69	-	211.89	59.20	20.42

Competitive Comparison of Forbidden Spirits Distilling's Days Sales Outstanding

For the Beverages - Wineries & Distilleries subindustry, Forbidden Spirits Distilling'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.

Forbidden Spirits Distilling's Days Sales Outstanding Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Forbidden Spirits Distilling's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Forbidden Spirits Distilling's Days Sales Outstanding falls into.

Forbidden Spirits Distilling 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.

Forbidden Spirits Distilling's Days Sales Outstanding for the fiscal year that ended in Dec. 2021 is calculated as

	Days Sales Outstanding (A: Dec. 2021 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )	/	Revenue (A: Dec. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.593	*	365
=	0					/	0.593	*	365
=	0.00

Forbidden Spirits Distilling'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
=	( (0.068	+	0.077)	/	2 )	/	0.324	*	365 / 4
=	0.0725					/	0.324	*	365 / 4
=	20.42

Forbidden Spirits Distilling (TSXV:VDKA.H) Days Sales Outstanding Explanation

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

Forbidden Spirits Distilling Days Sales Outstanding Related Terms

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Forbidden Spirits Distilling (TSXV:VDKA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits direct to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky.

Forbidden Spirits Distilling (TSXV:VDKA.H) Headlines

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