Co-Diagnostics (LTS:0A50) Days Sales Outstanding : 51.96 (As of Sep. 2024)

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What is Co-Diagnostics Days Sales Outstanding?

Co-Diagnostics's average Accounts Receivable for the three months ended in Sep. 2024 was $0.37 Mil. Co-Diagnostics's Revenue for the three months ended in Sep. 2024 was $0.64 Mil. Hence, Co-Diagnostics's Days Sales Outstanding for the three months ended in Sep. 2024 was 51.96.

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

LTS:0A50' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.38 Med: 109.66 Max: 136.88
Current: 23.38

During the past 9 years, Co-Diagnostics's highest Days Sales Outstanding was 136.88. The lowest was 23.38. And the median was 109.66.

LTS:0A50's Days Sales Outstanding is ranked better than
94.34% of 813 companies
in the Medical Devices & Instruments industry
Industry Median: 65.14 vs LTS:0A50: 23.38

Co-Diagnostics's Days Sales Outstanding increased from Sep. 2023 (35.36) to Sep. 2024 (51.96).

Co-Diagnostics Days Sales Outstanding Historical Data

The historical data trend for Co-Diagnostics'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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Co-Diagnostics Days Sales Outstanding Chart

Co-Diagnostics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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122.23

30.03

61.48

129.57

100.68

Co-Diagnostics 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															35.36	14.26	133.27	16.95	51.96

Competitive Comparison of Co-Diagnostics's Days Sales Outstanding

For the Medical Devices subindustry, Co-Diagnostics'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.

Co-Diagnostics's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Co-Diagnostics's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Co-Diagnostics's Days Sales Outstanding falls into.

Co-Diagnostics 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.

Co-Diagnostics'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
=	( (3.454	+	0.304)	/	2 )	/	6.812	*	365
=	1.879					/	6.812	*	365
=	100.68

Co-Diagnostics'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
=	( (0.552	+	0.178)	/	2 )	/	0.641	*	365 / 4
=	0.365					/	0.641	*	365 / 4
=	51.96

Co-Diagnostics (LTS:0A50) Days Sales Outstanding Explanation

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

Co-Diagnostics Days Sales Outstanding Related Terms

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Co-Diagnostics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Co-Diagnostics Inc (LTS:0A50) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

CODX:USA C97:Germany

Address

2401 South Foothill Drive, Salt Lake City, UT, USA, 84109

Website

https://www.codiagnostics.com

Co-Diagnostics Inc is a molecular diagnostics company. It develops, licenses, and commercializes molecular technologies such as lab systems (MDx device) and manufacture and sell reagents used for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). CDI's low-cost system uses its tests to diagnose tuberculosis, Zika, hepatitis B and C, Malaria, dengue and HIV.The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR platform and to locate genetic markers for use in applications other than infectious diseases.

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