Mainstreet Equity (TSX:MEQ) Days Sales Outstanding : 3.02 (As of Mar. 2024)

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What is Mainstreet Equity Days Sales Outstanding?

Mainstreet Equity's average Accounts Receivable for the three months ended in Mar. 2024 was C$2.0 Mil. Mainstreet Equity's Revenue for the three months ended in Mar. 2024 was C$61.1 Mil. Hence, Mainstreet Equity's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.02.

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

TSX:MEQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.09 Med: 1.89 Max: 2.86
Current: 2.86

During the past 13 years, Mainstreet Equity's highest Days Sales Outstanding was 2.86. The lowest was 1.09. And the median was 1.89.

TSX:MEQ's Days Sales Outstanding is ranked better than
90.99% of 1665 companies
in the Real Estate industry
Industry Median: 36.86 vs TSX:MEQ: 2.86

Mainstreet Equity's Days Sales Outstanding declined from Mar. 2023 (3.48) to Mar. 2024 (3.02).

Mainstreet Equity Days Sales Outstanding Historical Data

The historical data trend for Mainstreet Equity'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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Mainstreet Equity Days Sales Outstanding Chart

Mainstreet Equity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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2.01

2.03

1.77

1.64

1.09

Mainstreet Equity Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															3.48	3.83	1.98	1.87	3.02

Competitive Comparison of Mainstreet Equity's Days Sales Outstanding

For the Real Estate Services subindustry, Mainstreet Equity'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.

Mainstreet Equity's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mainstreet Equity's Days Sales Outstanding distribution charts can be found below:

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

Mainstreet Equity 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.

Mainstreet Equity's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.848	+	0.406)	/	2 )	/	210.028	*	365
=	0.627					/	210.028	*	365
=	1.09

Mainstreet Equity's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1.981	+	2.062)	/	2 )	/	61.098	*	365 / 4
=	2.0215					/	61.098	*	365 / 4
=	3.02

Mainstreet Equity (TSX:MEQ) Days Sales Outstanding Explanation

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

Mainstreet Equity Days Sales Outstanding Related Terms

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

Mainstreet Equity (TSX:MEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MEQYF:USA

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

Executives

Richard Grimaldi

Director

Mainstreet Equity (TSX:MEQ) Headlines

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