Clip Money (Clip Money) Days Sales Outstanding : 44.56 (As of Mar. 2024)

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What is Clip Money Days Sales Outstanding?

Clip Money's average Accounts Receivable for the three months ended in Mar. 2024 was $0.15 Mil. Clip Money's Revenue for the three months ended in Mar. 2024 was $0.30 Mil. Hence, Clip Money's Days Sales Outstanding for the three months ended in Mar. 2024 was 44.56.

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

CLPMF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.49 Med: 96.55 Max: 96.55
Current: 37.49

During the past 3 years, Clip Money's highest Days Sales Outstanding was 96.55. The lowest was 37.49. And the median was 96.55.

CLPMF's Days Sales Outstanding is ranked better than
79.44% of 2738 companies
in the Software industry
Industry Median: 61.74 vs CLPMF: 37.49

Clip Money's Days Sales Outstanding increased from Mar. 2023 (44.15) to Mar. 2024 (44.56).

Clip Money Days Sales Outstanding Historical Data

The historical data trend for Clip Money'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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Clip Money Days Sales Outstanding Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

96.62

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial							44.15	32.44	38.89	33.99	44.56

Competitive Comparison of Clip Money's Days Sales Outstanding

For the Software - Infrastructure subindustry, Clip Money'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.

Clip Money's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Clip Money's Days Sales Outstanding falls into.

Clip Money 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.

Clip Money'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	+	0.153)	/	1 )	/	0.578	*	365
=	0.153					/	0.578	*	365
=	96.62

Clip Money's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.153	+	0.139)	/	2 )	/	0.299	*	365 / 4
=	0.146					/	0.299	*	365 / 4
=	44.56

Clip Money (OTCPK:CLPMF) Days Sales Outstanding Explanation

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

Clip Money Days Sales Outstanding Related Terms

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Clip Money (Clip Money) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (OTCPK:CLPMF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CLIP:Canada

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. Its business is located in Canada and the United States. The majority of its revenue comes from the United States.