Heart Test Laboratories (Heart Test Laboratories) Days Sales Outstanding : 57.79 (As of Jan. 2024)

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What is Heart Test Laboratories Days Sales Outstanding?

Heart Test Laboratories's average Accounts Receivable for the three months ended in Jan. 2024 was $0.01 Mil. Heart Test Laboratories's Revenue for the three months ended in Jan. 2024 was $0.02 Mil. Hence, Heart Test Laboratories's Days Sales Outstanding for the three months ended in Jan. 2024 was 57.79.

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

HSCS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.14 Med: 99.07 Max: 182.5
Current: 182.5

During the past 4 years, Heart Test Laboratories's highest Days Sales Outstanding was 182.50. The lowest was 52.14. And the median was 99.07.

HSCS's Days Sales Outstanding is ranked worse than
92.32% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.88 vs HSCS: 182.50

Heart Test Laboratories's Days Sales Outstanding increased from Jan. 2023 (0.00) to Jan. 2024 (57.79).

Heart Test Laboratories Days Sales Outstanding Historical Data

The historical data trend for Heart Test Laboratories'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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Heart Test Laboratories Days Sales Outstanding Chart

Heart Test Laboratories Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Days Sales Outstanding

52.14

146.00

Heart Test Laboratories Quarterly Data
	Apr20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial									-	-	-	91.25	57.79

Competitive Comparison of Heart Test Laboratories's Days Sales Outstanding

For the Medical Devices subindustry, Heart Test Laboratories'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.

Heart Test Laboratories's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Heart Test Laboratories's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Heart Test Laboratories's Days Sales Outstanding falls into.

Heart Test Laboratories 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.

Heart Test Laboratories's Days Sales Outstanding for the fiscal year that ended in Apr. 2023 is calculated as

	Days Sales Outstanding (A: Apr. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )	/	Revenue (A: Apr. 2023 )	*	Days in Period
=	( (0.002	+	0)	/	1 )	/	0.005	*	365
=	0.002					/	0.005	*	365
=	146.00

Heart Test Laboratories'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
=	( (0.004	+	0.015)	/	2 )	/	0.015	*	365 / 4
=	0.0095					/	0.015	*	365 / 4
=	57.79

Heart Test Laboratories (NAS:HSCS) Days Sales Outstanding Explanation

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

Heart Test Laboratories Days Sales Outstanding Related Terms

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Heart Test Laboratories (Heart Test Laboratories) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Heart Test Laboratories Inc (NAS:HSCS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Reserve Street, Suite 360, Southlake, TX, USA, 76092

Website

https://www.heartsciences.com

Heart Test Laboratories Inc is a medical technology company focused on applying innovative AI-based technology to an ECG to expand and improve an ECG's clinical usefulness. The objective of the company is to make an ECG a far more valuable cardiac screening tool, particularly in frontline or point-of-care clinical settings.

Executives

David R. Wells	director	2801 OCEAN PARK BLVD., SUITE 339, SANTA MONICA CA 90405
Bruce Bent	director	750 BONHAM PARKWAY, LANTANA TX 76226
Mark T Hilz	director, officer: See Remarks	3301 DAKOTA DRIVE, NORTHLAKE TX 76226
Patrick Kanouff	director	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Brian Szymczak	director	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Danielle Watson	officer: See Remarks	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Andrew Simpson	director, officer: See Remarks	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092