Plank Ventures (XCNQ:PLNK) Days Sales Outstanding : 140.33 (As of Jan. 2024)

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What is Plank Ventures Days Sales Outstanding?

Plank Ventures's average Accounts Receivable for the three months ended in Jan. 2024 was C$1.60 Mil. Plank Ventures's Revenue for the three months ended in Jan. 2024 was C$1.04 Mil. Hence, Plank Ventures's Days Sales Outstanding for the three months ended in Jan. 2024 was 140.33.

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

XCNQ:PLNK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 90.1 Med: 104.35 Max: 270.23
Current: 105.19

During the past 4 years, Plank Ventures's highest Days Sales Outstanding was 270.23. The lowest was 90.10. And the median was 104.35.

XCNQ:PLNK's Days Sales Outstanding is ranked worse than
78.23% of 2728 companies
in the Software industry
Industry Median: 61.85 vs XCNQ:PLNK: 105.19

Plank Ventures's Days Sales Outstanding increased from Jan. 2023 (73.74) to Jan. 2024 (140.33).

Plank Ventures Days Sales Outstanding Historical Data

The historical data trend for Plank Ventures'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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Plank Ventures Days Sales Outstanding Chart

Plank Ventures Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Days Sales Outstanding

270.23

116.37

90.10

92.32

Plank Ventures Quarterly Data
	Oct18	Jan19	Apr19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															73.74	92.37	95.59	103.61	140.33

Competitive Comparison of Plank Ventures's Days Sales Outstanding

For the Software - Application subindustry, Plank Ventures'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.

Plank Ventures's Days Sales Outstanding Distribution in the Software Industry

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

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

Plank Ventures 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.

Plank Ventures's Days Sales Outstanding for the fiscal year that ended in Jul. 2023 is calculated as

	Days Sales Outstanding (A: Jul. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )	/	Revenue (A: Jul. 2023 )	*	Days in Period
=	( (1.123	+	1.6)	/	2 )	/	5.383	*	365
=	1.3615					/	5.383	*	365
=	92.32

Plank Ventures's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (1.72	+	1.488)	/	2 )	/	1.043	*	365 / 4
=	1.604					/	1.043	*	365 / 4
=	140.33

Plank Ventures (XCNQ:PLNK) Days Sales Outstanding Explanation

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

Plank Ventures Days Sales Outstanding Related Terms

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Plank Ventures (XCNQ:PLNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Plank Ventures Ltd (XCNQ:PLNK) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1080 Mainland Street, Suite 204, Vancouver, BC, CAN, V6C 2T4

Website

https://www.plankcapital.com

Plank Ventures Ltd is an investment company. It invests and acquires internet software companies that have growth potential and prove capabilities to sell services into the marketplace. The Company invests in business opportunities in the technology area and SaaS businesses with a focus on marketing via social media and promotion. The company's two operating segments are investing activities (Canada) and online promotions (United States of America). Geographically, it operates within Canada and the United States and derives a majority of its revenue from the United States.

Plank Ventures (XCNQ:PLNK) Headlines

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