CNGGF (Cann Group) Days Sales Outstanding : 54.16 (As of Dec. 2024)

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What is Cann Group Days Sales Outstanding?

Cann Group's average Accounts Receivable for the six months ended in Dec. 2024 was $1.22 Mil. Cann Group's Revenue for the six months ended in Dec. 2024 was $4.10 Mil. Hence, Cann Group's Days Sales Outstanding for the six months ended in Dec. 2024 was 54.16.

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

CNGGF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.98 Med: 138.97 Max: 340.46
Current: 64.69

During the past 8 years, Cann Group's highest Days Sales Outstanding was 340.46. The lowest was 37.98. And the median was 138.97.

CNGGF's Days Sales Outstanding is ranked better than
57.81% of 960 companies
in the Drug Manufacturers industry
Industry Median: 72.25 vs CNGGF: 64.69

Cann Group's Days Sales Outstanding increased from Dec. 2023 (53.05) to Dec. 2024 (54.16).

Cann Group Days Sales Outstanding Historical Data

The historical data trend for Cann Group'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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Cann Group Days Sales Outstanding Chart

Cann Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Sales Outstanding

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341.73

130.67

154.30

51.12

38.17

Cann Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial											84.44	54.31	53.05	65.90	54.16

Competitive Comparison of Cann Group's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Cann Group'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.

Cann Group's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cann Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cann Group's Days Sales Outstanding falls into.

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Cann Group 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.

Cann Group's Days Sales Outstanding for the fiscal year that ended in Jun. 2024 is calculated as

	Days Sales Outstanding (A: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (1.068	+	1.067)	/	2 )	/	10.208	*	365
=	1.0675					/	10.208	*	365
=	38.17

Cann Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (1.067	+	1.364)	/	2 )	/	4.096	*	365 / 2
=	1.2155					/	4.096	*	365 / 2
=	54.16

Cann Group (OTCPK:CNGGF) Days Sales Outstanding Explanation

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

Cann Group Days Sales Outstanding Related Terms

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Cann Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cann Group Ltd (OTCPK:CNGGF) » Definitions » Days Sales Outstanding

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CAN:Australia

Address

262-276 Lorimer Street, Ground Floor, Port Melbourne, VIC, AUS, 3207

Website

https://www.canngrouplimited.com

Cann Group Ltd is engaged in the cultivation of medicinal cannabis for both medicinal and research purposes under the licenses and permits issued to the company, the development and manufacture (via third-party arrangements) of finished product formulations. Geographically, the company operates in Europe and Australia. The company derives maximum revenue from Australia.