Profound Medical (Profound Medical) Days Sales Outstanding : 303.70 (As of Dec. 2023)

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What is Profound Medical Days Sales Outstanding?

Profound Medical's average Accounts Receivable for the three months ended in Dec. 2023 was $6.69 Mil. Profound Medical's Revenue for the three months ended in Dec. 2023 was $2.01 Mil. Hence, Profound Medical's Days Sales Outstanding for the three months ended in Dec. 2023 was 303.70.

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

PROF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 145.81 Med: 212.27 Max: 412.12
Current: 332.94

During the past 10 years, Profound Medical's highest Days Sales Outstanding was 412.12. The lowest was 145.81. And the median was 212.27.

PROF's Days Sales Outstanding is ranked worse than
96.29% of 808 companies
in the Medical Devices & Instruments industry
Industry Median: 64.725 vs PROF: 332.94

Profound Medical's Days Sales Outstanding declined from Dec. 2022 (337.38) to Dec. 2023 (303.70).

Profound Medical Days Sales Outstanding Historical Data

The historical data trend for Profound Medical'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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Profound Medical Days Sales Outstanding Chart

Profound Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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144.64

210.86

208.65

198.02

319.19

Profound Medical Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															337.38	314.76	386.79	348.66	303.70

Competitive Comparison of Profound Medical's Days Sales Outstanding

For the Medical Devices subindustry, Profound Medical'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.

Profound Medical's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Profound Medical's Days Sales Outstanding falls into.

Profound Medical 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.

Profound Medical'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
=	( (5.837	+	6.754)	/	2 )	/	7.199	*	365
=	6.2955					/	7.199	*	365
=	319.19

Profound Medical's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (6.619	+	6.754)	/	2 )	/	2.009	*	365 / 4
=	6.6865					/	2.009	*	365 / 4
=	303.70

Profound Medical (NAS:PROF) Days Sales Outstanding Explanation

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

Profound Medical Days Sales Outstanding Related Terms

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Profound Medical (Profound Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Profound Medical Corp (NAS:PROF) » Definitions » Days Sales Outstanding

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PRN:Canada

Address

2400 Skymark Avenue, Unit 6, Mississauga, ON, CAN, L4W 5K5

Website

https://www.profoundmedical.com

Profound Medical Corp is a commercial-stage medical device company focused on the development and marketing of customizable, incision-free therapeutic systems for the image-guided ablation of diseased tissue utilizing its platform technologies and leveraging the healthcare system's existing imaging infrastructure. The company's product TULSA-PRO system combines real-time MRI, robotically driven transurethral sweeping-action thermal ultrasound with closed-loop temperature feedback control for the ablation of prostate tissue. The product is comprised of one-time-use devices and durable equipment that are used in conjunction with a customer's existing MRI scanner.