Fortis (TSX:FTS.PR.G.PFD) Days Sales Outstanding : 57.25 (As of Sep. 2024)

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What is Fortis Days Sales Outstanding?

Fortis's average Accounts Receivable for the three months ended in Sep. 2024 was C$1,738.50 Mil. Fortis's Revenue for the three months ended in Sep. 2024 was C$2,771.00 Mil. Hence, Fortis's Days Sales Outstanding for the three months ended in Sep. 2024 was 57.25.

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

TSX:FTS.PR.G.PFD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.26 Med: 24.56 Max: 50.55
Current: 50.55

During the past 13 years, Fortis's highest Days Sales Outstanding was 50.55. The lowest was 21.26. And the median was 24.56.

TSX:FTS.PR.G.PFD's Days Sales Outstanding is ranked better than
51.2% of 498 companies
in the Utilities - Regulated industry
Industry Median: 51.515 vs TSX:FTS.PR.G.PFD: 50.55

Fortis's Days Sales Outstanding increased from Sep. 2023 (54.17) to Sep. 2024 (57.25).

Fortis Days Sales Outstanding Historical Data

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

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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21.65

22.45

23.49

25.63

28.84

Fortis 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															54.17	40.14	40.96	63.16	57.25

Competitive Comparison of Fortis's Days Sales Outstanding

For the Utilities - Regulated Electric subindustry, Fortis'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.

Fortis's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fortis's Days Sales Outstanding distribution charts can be found below:

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

Fortis 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.

Fortis'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
=	( (930	+	890)	/	2 )	/	11517	*	365
=	910					/	11517	*	365
=	28.84

Fortis'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
=	( (1787	+	1690)	/	2 )	/	2771	*	365 / 4
=	1738.5					/	2771	*	365 / 4
=	57.25

Fortis (TSX:FTS.PR.G.PFD) Days Sales Outstanding Explanation

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

Fortis Days Sales Outstanding Related Terms

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

Fortis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (TSX:FTS.PR.G.PFD) » Definitions » Days Sales Outstanding

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Address

5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.

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