Avricore Health (TSXV:AVCR) Days Sales Outstanding : 31.12 (As of Sep. 2023)

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What is Avricore Health Days Sales Outstanding?

Avricore Health's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.33 Mil. Avricore Health's Revenue for the three months ended in Sep. 2023 was C$0.95 Mil. Hence, Avricore Health's Days Sales Outstanding for the three months ended in Sep. 2023 was 31.12.

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

TSXV:AVCR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.96 Med: 139.47 Max: 7519
Current: 64.96

During the past 13 years, Avricore Health's highest Days Sales Outstanding was 7519.00. The lowest was 64.96. And the median was 139.47.

TSXV:AVCR's Days Sales Outstanding is ranked better than
56.95% of 223 companies
in the Medical Diagnostics & Research industry
Industry Median: 69.32 vs TSXV:AVCR: 64.96

Avricore Health's Days Sales Outstanding declined from Jun. 2022 (71.81) to Sep. 2023 (31.12).

Avricore Health Days Sales Outstanding Historical Data

The historical data trend for Avricore Health'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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Avricore Health Days Sales Outstanding Chart

Avricore Health Annual Data

Trend

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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7,519.00

1,133.71

121.67

139.47

85.88

Avricore Health Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															71.81	45.15	52.02	78.43	31.12

Competitive Comparison of Avricore Health's Days Sales Outstanding

For the Diagnostics & Research subindustry, Avricore Health'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.

Avricore Health's Days Sales Outstanding Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Avricore Health's Days Sales Outstanding distribution charts can be found below:

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

Avricore Health 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.

Avricore Health's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.084	+	0.748)	/	2 )	/	1.768	*	365
=	0.416					/	1.768	*	365
=	85.88

Avricore Health's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.194	+	0.456)	/	2 )	/	0.953	*	365 / 4
=	0.325					/	0.953	*	365 / 4
=	31.12

Avricore Health (TSXV:AVCR) Days Sales Outstanding Explanation

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

Avricore Health Days Sales Outstanding Related Terms

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Avricore Health (TSXV:AVCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (TSXV:AVCR) » Definitions » Days Sales Outstanding

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AVCRF:USA 8VP1:Germany

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.

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