Tantalus Systems Holding (TSX:GRID) Days Sales Outstanding : 71.43 (As of Dec. 2023)

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What is Tantalus Systems Holding Days Sales Outstanding?

Tantalus Systems Holding's average Accounts Receivable for the three months ended in Dec. 2023 was C$10.89 Mil. Tantalus Systems Holding's Revenue for the three months ended in Dec. 2023 was C$13.91 Mil. Hence, Tantalus Systems Holding's Days Sales Outstanding for the three months ended in Dec. 2023 was 71.43.

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

TSX:GRID' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.63 Med: 64.87 Max: 73.8
Current: 73.8

During the past 3 years, Tantalus Systems Holding's highest Days Sales Outstanding was 73.80. The lowest was 60.63. And the median was 64.87.

TSX:GRID's Days Sales Outstanding is ranked better than
55.36% of 2957 companies
in the Industrial Products industry
Industry Median: 79.33 vs TSX:GRID: 73.80

Tantalus Systems Holding's Days Sales Outstanding increased from Dec. 2022 (57.46) to Dec. 2023 (71.43).

Tantalus Systems Holding Days Sales Outstanding Historical Data

The historical data trend for Tantalus Systems Holding'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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Tantalus Systems Holding Days Sales Outstanding Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

60.63

64.87

73.73

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial										57.46	75.61	71.47	77.27	71.43

Competitive Comparison of Tantalus Systems Holding's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Tantalus Systems Holding'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.

Tantalus Systems Holding's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tantalus Systems Holding's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tantalus Systems Holding's Days Sales Outstanding falls into.

Tantalus Systems Holding 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.

Tantalus Systems Holding'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
=	( (12.284	+	10.56)	/	2 )	/	56.544	*	365
=	11.422					/	56.544	*	365
=	73.73

Tantalus Systems Holding'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
=	( (11.219	+	10.56)	/	2 )	/	13.912	*	365 / 4
=	10.8895					/	13.912	*	365 / 4
=	71.43

Tantalus Systems Holding (TSX:GRID) Days Sales Outstanding Explanation

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

Tantalus Systems Holding Days Sales Outstanding Related Terms

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Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.