SOMNF (SomnoMed) Days Sales Outstanding : 37.49 (As of Jun. 2024)

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What is SomnoMed Days Sales Outstanding?

SomnoMed's average Accounts Receivable for the six months ended in Jun. 2024 was $6.35 Mil. SomnoMed's Revenue for the six months ended in Jun. 2024 was $30.90 Mil. Hence, SomnoMed's Days Sales Outstanding for the six months ended in Jun. 2024 was 37.49.

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

SOMNF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.09 Med: 46.14 Max: 60.54
Current: 34.98

During the past 13 years, SomnoMed's highest Days Sales Outstanding was 60.54. The lowest was 28.09. And the median was 46.14.

SOMNF's Days Sales Outstanding is ranked better than
88.44% of 813 companies
in the Medical Devices & Instruments industry
Industry Median: 65.03 vs SOMNF: 34.98

SomnoMed's Days Sales Outstanding declined from Jun. 2023 (39.21) to Jun. 2024 (37.49).

SomnoMed Days Sales Outstanding Historical Data

The historical data trend for SomnoMed'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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SomnoMed Days Sales Outstanding Chart

SomnoMed Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Sales Outstanding

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44.58

33.32

37.81

33.30

28.24

SomnoMed Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															42.95	43.97	39.21	39.63	37.49

Competitive Comparison of SomnoMed's Days Sales Outstanding

For the Medical Devices subindustry, SomnoMed'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.

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

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

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

SomnoMed 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.

SomnoMed's Days Sales Outstanding for the fiscal year that ended in Jun. 2024 is calculated as

	Days Sales Outstanding (A: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (4.919	+	4.499)	/	2 )	/	60.857	*	365
=	4.709					/	60.857	*	365
=	28.24

SomnoMed's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (8.195	+	4.499)	/	2 )	/	30.901	*	365 / 2
=	6.347					/	30.901	*	365 / 2
=	37.49

SomnoMed (OTCPK:SOMNF) Days Sales Outstanding Explanation

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

SomnoMed Days Sales Outstanding Related Terms

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SomnoMed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SomnoMed Ltd (OTCPK:SOMNF) » Definitions » Days Sales Outstanding

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RJV:Germany SOM:Australia

Address

20 Clarke Street, Level 3, Crows Nest, Sydney, NSW, AUS, 2065

Website

https://www.somnomed.com/au

SomnoMed Ltd produces and sells oral treatment of sleep-related disorder devices. It manufactures and designs premium oral appliances for the treatment of sleep-disordered breathing relieving conditions. Its products include SomnoDent, Som Tabs, Som Morning Repositioner and others. Its geographical segments include North America, Europe, and Asia-Pacific. Business operations consist of the production and sale of products treating sleep-disordered breathing, which is the only reportable segment. Substantial revenue is realized from the European region.