Greenfern Industries (NZSE:GFI) Days Sales Outstanding : 116.26 (As of Mar. 2023)

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What is Greenfern Industries Days Sales Outstanding?

Greenfern Industries's average Accounts Receivable for the six months ended in Mar. 2023 was NZ$0.18 Mil. Greenfern Industries's Revenue for the six months ended in Mar. 2023 was NZ$0.55 Mil. Hence, Greenfern Industries's Days Sales Outstanding for the six months ended in Mar. 2023 was 58.13.

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

NZSE:GFI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 71.97 Med: 94.12 Max: 116.26
Current: 116.26

During the past 2 years, Greenfern Industries's highest Days Sales Outstanding was 116.26. The lowest was 71.97. And the median was 94.12.

NZSE:GFI's Days Sales Outstanding is ranked worse than
81.22% of 1001 companies
in the Drug Manufacturers industry
Industry Median: 72.57 vs NZSE:GFI: 116.26

Greenfern Industries's Days Sales Outstanding increased from . 20 (0.00) to Mar. 2023 (116.26).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Greenfern Industries Days Sales Outstanding Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries Days Sales Outstanding Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Days Sales Outstanding

71.97

116.26

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Days Sales Outstanding	71.97	116.26

Competitive Comparison of Greenfern Industries's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Greenfern Industries'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.

Greenfern Industries's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Greenfern Industries's Days Sales Outstanding falls into.

Greenfern Industries 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.

Greenfern Industries's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.042	+	0.309)	/	2 )	/	0.551	*	365
=	0.1755					/	0.551	*	365
=	116.26

Greenfern Industries's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding (Q: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.042	+	0.309)	/	2 )	/	0.551	*	365 / 2
=	0.1755					/	0.551	*	365 / 2
=	58.13

Greenfern Industries (NZSE:GFI) Days Sales Outstanding Explanation

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

Greenfern Industries Days Sales Outstanding Related Terms

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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.