ASII (Accredited Solutions) Days Sales Outstanding : 23.10 (As of Sep. 2024)

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What is Accredited Solutions Days Sales Outstanding?

Accredited Solutions's average Accounts Receivable for the three months ended in Sep. 2024 was $0.06 Mil. Accredited Solutions's Revenue for the three months ended in Sep. 2024 was $0.24 Mil. Hence, Accredited Solutions's Days Sales Outstanding for the three months ended in Sep. 2024 was 23.10.

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

ASII' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.39 Med: 30.46 Max: 41.91
Current: 41.91

During the past 13 years, Accredited Solutions's highest Days Sales Outstanding was 41.91. The lowest was 4.39. And the median was 30.46.

ASII's Days Sales Outstanding is ranked better than
55.36% of 112 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 43.935 vs ASII: 41.91

Accredited Solutions's Days Sales Outstanding declined from Sep. 2023 (32.91) to Sep. 2024 (23.10).

Accredited Solutions Days Sales Outstanding Historical Data

The historical data trend for Accredited 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.

* Premium members only.

Accredited Solutions Days Sales Outstanding Chart

Accredited Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.39

38.54

30.46

Accredited Solutions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															32.91	45.31	53.58	-	23.10

Competitive Comparison of Accredited Solutions's Days Sales Outstanding

For the Beverages - Non-Alcoholic subindustry, Accredited 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.

Accredited Solutions's Days Sales Outstanding Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Accredited Solutions's Days Sales Outstanding distribution charts can be found below:

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

Accredited 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.

Accredited Solutions's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.051	+	0.064)	/	2 )	/	0.689	*	365
=	0.0575					/	0.689	*	365
=	30.46

Accredited Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (0	+	0.061)	/	1 )	/	0.241	*	365 / 4
=	0.061					/	0.241	*	365 / 4
=	23.10

Accredited Solutions (OTCPK:ASII) Days Sales Outstanding Explanation

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

Accredited Solutions Days Sales Outstanding Related Terms

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Accredited Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Accredited Solutions Inc (OTCPK:ASII) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031

Website

https://www.diamondcreekwater.com

Accredited Solutions Inc is engaged in providing high alkaline natural spring water through the Diamond Creek brand.

Executives

Alessi William Rosario Jr	director, officer: Chief Executive Officer	20311 CHARTWELL CENTER DR., STE. 1469, CORNELIUS NC 28031
Christopher Phillip Chumas	director	7018 BROOKSTONE LANE, INDIAN LAND SC 29707
Daniel M. Ferris	director, 10 percent owner, officer: President, Sec'y & Treasurer	98 REDCLIFFE GARDEN, FLAT 3, LONDON X0 SW109HH
John Graham Rhoden	10 percent owner	15 VICTORIAN CRESCENT, TOWN MOOR, SOUTH YORKSHIRE, DONCASTER X0 DN2 58P