EcoSynthetix (TSX:ECO) Days Sales Outstanding : 29.10 (As of Sep. 2024)

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What is EcoSynthetix Days Sales Outstanding?

EcoSynthetix's average Accounts Receivable for the three months ended in Sep. 2024 was C$2.26 Mil. EcoSynthetix's Revenue for the three months ended in Sep. 2024 was C$7.09 Mil. Hence, EcoSynthetix's Days Sales Outstanding for the three months ended in Sep. 2024 was 29.10.

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

TSX:ECO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.2 Med: 38.75 Max: 51.68
Current: 34.93

During the past 13 years, EcoSynthetix's highest Days Sales Outstanding was 51.68. The lowest was 32.20. And the median was 38.75.

TSX:ECO's Days Sales Outstanding is ranked better than
83.29% of 1520 companies
in the Chemicals industry
Industry Median: 65.215 vs TSX:ECO: 34.93

EcoSynthetix's Days Sales Outstanding declined from Sep. 2023 (30.03) to Sep. 2024 (29.10).

EcoSynthetix Days Sales Outstanding Historical Data

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

EcoSynthetix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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37.23

42.59

32.66

37.22

49.06

EcoSynthetix 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															30.03	40.22	28.38	43.65	29.10

Competitive Comparison of EcoSynthetix's Days Sales Outstanding

For the Specialty Chemicals subindustry, EcoSynthetix'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.

EcoSynthetix's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, EcoSynthetix's Days Sales Outstanding distribution charts can be found below:

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

EcoSynthetix 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.

EcoSynthetix'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
=	( (3.078	+	1.488)	/	2 )	/	16.985	*	365
=	2.283					/	16.985	*	365
=	49.06

EcoSynthetix'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
=	( (1.717	+	2.805)	/	2 )	/	7.09	*	365 / 4
=	2.261					/	7.09	*	365 / 4
=	29.10

EcoSynthetix (TSX:ECO) Days Sales Outstanding Explanation

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

EcoSynthetix Days Sales Outstanding Related Terms

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EcoSynthetix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » EcoSynthetix Inc (TSX:ECO) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ECSNF:USA 0Y8:Germany

Address

3365 Mainway, Burlington, ON, CAN, L7M 1A6

Website

http://www.ecosynthetix.com

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels. Geographically it has a business presence in the America, Africa (EMEA), and the Asia Pacific.

Executives

Lions Investment Ltd	10% Security Holder
Robert Martin Haire	Senior Officer
Ralph Lewis De Jong	Senior Officer
Edward (ted) Vanegdom	Senior Officer
Jeffrey Douglas Macdonald	Senior Officer
Susan Lynn Allen	Director