Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Days Sales Outstanding : 90.14 (As of Mar. 2024)

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What is Labrador Iron Ore Royalty Days Sales Outstanding?

Labrador Iron Ore Royalty's average Accounts Receivable for the three months ended in Mar. 2024 was $41.2 Mil. Labrador Iron Ore Royalty's Revenue for the three months ended in Mar. 2024 was $41.7 Mil. Hence, Labrador Iron Ore Royalty's Days Sales Outstanding for the three months ended in Mar. 2024 was 90.14.

The historical rank and industry rank for Labrador Iron Ore Royalty's Days Sales Outstanding or its related term are showing as below:

LIFZF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 70.52 Med: 86.65 Max: 123.93
Current: 89.28

During the past 13 years, Labrador Iron Ore Royalty's highest Days Sales Outstanding was 123.93. The lowest was 70.52. And the median was 86.65.

LIFZF's Days Sales Outstanding is ranked worse than
84.06% of 596 companies
in the Steel industry
Industry Median: 49.815 vs LIFZF: 89.28

Labrador Iron Ore Royalty's Days Sales Outstanding increased from Mar. 2023 (87.97) to Mar. 2024 (90.14).

Labrador Iron Ore Royalty Days Sales Outstanding Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Days Sales Outstanding Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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84.09

84.46

70.49

74.90

87.46

Labrador Iron Ore Royalty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															87.97	89.29	95.33	81.18	90.14

Competitive Comparison of Labrador Iron Ore Royalty's Days Sales Outstanding

For the Steel subindustry, Labrador Iron Ore Royalty'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.

Labrador Iron Ore Royalty's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Labrador Iron Ore Royalty's Days Sales Outstanding falls into.

Labrador Iron Ore Royalty 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.

Labrador Iron Ore Royalty'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
=	( (31.382	+	40.123)	/	2 )	/	149.199	*	365
=	35.7525					/	149.199	*	365
=	87.46

Labrador Iron Ore Royalty'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
=	( (40.123	+	42.211)	/	2 )	/	41.676	*	365 / 4
=	41.167					/	41.676	*	365 / 4
=	90.14

Labrador Iron Ore Royalty (OTCPK:LIFZF) Days Sales Outstanding Explanation

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

Labrador Iron Ore Royalty Days Sales Outstanding Related Terms

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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

LIF:Canada

Address

235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3

Website

https://www.labradorironore.com

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Headlines

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