Axis Auto Finance (TSX:AXIS) Days Sales Outstanding : 14.87 (As of Sep. 2024)

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What is Axis Auto Finance Days Sales Outstanding?

Axis Auto Finance's average Accounts Receivable for the three months ended in Sep. 2024 was C$1.37 Mil. Axis Auto Finance's Revenue for the three months ended in Sep. 2024 was C$8.43 Mil. Hence, Axis Auto Finance's Days Sales Outstanding for the three months ended in Sep. 2024 was 14.87.

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

TSX:AXIS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.28 Med: 16.59 Max: 22.53
Current: 16.73

During the past 13 years, Axis Auto Finance's highest Days Sales Outstanding was 22.53. The lowest was 3.28. And the median was 16.59.

TSX:AXIS's Days Sales Outstanding is not ranked
in the Credit Services industry.
Industry Median: 41.585 vs TSX:AXIS: 16.73

Axis Auto Finance's Days Sales Outstanding declined from Sep. 2023 (17.37) to Sep. 2024 (14.87).

Axis Auto Finance Days Sales Outstanding Historical Data

The historical data trend for Axis Auto Finance'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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Axis Auto Finance Days Sales Outstanding Chart

Axis Auto Finance Annual Data

Trend

Apr15

Apr16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Sales Outstanding

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11.02

16.98

18.31

18.75

16.19

Axis Auto Finance 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															17.37	16.67	18.28	18.78	14.87

Competitive Comparison of Axis Auto Finance's Days Sales Outstanding

For the Credit Services subindustry, Axis Auto Finance'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.

Axis Auto Finance's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Axis Auto Finance's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Axis Auto Finance's Days Sales Outstanding falls into.

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Axis Auto Finance 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.

Axis Auto Finance'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
=	( (1.868	+	1.578)	/	2 )	/	38.841	*	365
=	1.723					/	38.841	*	365
=	16.19

Axis Auto Finance'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
=	( (1.578	+	1.168)	/	2 )	/	8.428	*	365 / 4
=	1.373					/	8.428	*	365 / 4
=	14.87

Axis Auto Finance (TSX:AXIS) Days Sales Outstanding Explanation

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

Axis Auto Finance Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Axis Auto Finance's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Axis Auto Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axis Auto Finance Inc (TSX:AXIS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2265 Upper Middle Road East, Suite 400, Oakville, ON, CAN, L5H 0G5

Website

https://www.axisfinancegroup.com

Axis Auto Finance Inc is a fintech company that is changing the way used vehicles are purchased and financed in Canada. The company's direct-to-consumer website, DriveAxis.ca, enables users to choose their next used vehicle, customize financing terms, and get the car delivered to homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners. The company operates and reports in two separate segments: automotive lending and equipment financing.

Executives

Todd Charles Hudson	Senior Officer
Paul James Stoyan	Director
Wesley James Neichenbauer	Director
Richard Lloyd	Senior Officer
Ilja Troitschanski	Director or Senior Officer of 10% Security Holder
Bruce Frank Smith	Director
Gerard Thom	Director
Jordan Zinberg	Director

Axis Auto Finance Headlines

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