High Liner Foods (TSX:HLF) Days Sales Outstanding : 41.40 (As of Dec. 2023)

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What is High Liner Foods Days Sales Outstanding?

High Liner Foods's average Accounts Receivable for the three months ended in Dec. 2023 was C$144 Mil. High Liner Foods's Revenue for the three months ended in Dec. 2023 was C$318 Mil. Hence, High Liner Foods's Days Sales Outstanding for the three months ended in Dec. 2023 was 41.40.

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

TSX:HLF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.79 Med: 29.74 Max: 37
Current: 37

During the past 13 years, High Liner Foods's highest Days Sales Outstanding was 37.00. The lowest was 25.79. And the median was 29.74.

TSX:HLF's Days Sales Outstanding is ranked better than
52.83% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.185 vs TSX:HLF: 37.00

High Liner Foods's Days Sales Outstanding increased from Dec. 2022 (35.26) to Dec. 2023 (41.40).

High Liner Foods Days Sales Outstanding Historical Data

The historical data trend for High Liner Foods'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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High Liner Foods Days Sales Outstanding Chart

High Liner Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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32.88

32.20

30.24

29.97

33.04

High Liner Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															35.26	30.61	43.36	39.39	41.40

Competitive Comparison of High Liner Foods's Days Sales Outstanding

For the Packaged Foods subindustry, High Liner Foods'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.

High Liner Foods's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, High Liner Foods's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where High Liner Foods's Days Sales Outstanding falls into.

High Liner Foods 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.

High Liner Foods'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
=	( (129.079	+	133.293)	/	2 )	/	1449.381	*	365
=	131.186					/	1449.381	*	365
=	33.04

High Liner Foods'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
=	( (155.363	+	133.293)	/	2 )	/	318.128	*	365 / 4
=	144.328					/	318.128	*	365 / 4
=	41.40

High Liner Foods (TSX:HLF) Days Sales Outstanding Explanation

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

High Liner Foods Days Sales Outstanding Related Terms

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High Liner Foods (TSX:HLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » High Liner Foods Inc (TSX:HLF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

HLNFF:USA 28Y:Germany

Address

100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0

Website

https://www.highlinerfoods.com

High Liner Foods Inc is a Canadian company which is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company sells its products to institutions, health care facilities, and quick-service family and casual dining establishments. Its foodservice brands include High Liner Culinary, Mirabel, FPI, Viking, American Pride, High Liner, Fisher Boy, Sea Cuisine and others.