Axion Ventures (TSXV:AXV) Days Sales Outstanding : 16.44 (As of Mar. 2024)

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What is Axion Ventures Days Sales Outstanding?

Axion Ventures's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.28 Mil. Axion Ventures's Revenue for the three months ended in Mar. 2024 was C$1.53 Mil. Hence, Axion Ventures's Days Sales Outstanding for the three months ended in Mar. 2024 was 16.44.

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

TSXV:AXV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.68 Med: 35.62 Max: 127.66
Current: 12.68

During the past 13 years, Axion Ventures's highest Days Sales Outstanding was 127.66. The lowest was 12.68. And the median was 35.62.

TSXV:AXV's Days Sales Outstanding is not ranked
in the Interactive Media industry.
Industry Median: 45.28 vs TSXV:AXV: 12.68

Axion Ventures's Days Sales Outstanding declined from Mar. 2023 (19.13) to Mar. 2024 (16.44).

Axion Ventures Days Sales Outstanding Historical Data

The historical data trend for Axion Ventures'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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Axion Ventures Days Sales Outstanding Chart

Axion Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.23

16.78

29.59

26.49

17.74

Axion Ventures 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															19.13	8.39	14.16	17.37	16.44

Competitive Comparison of Axion Ventures's Days Sales Outstanding

For the Electronic Gaming & Multimedia subindustry, Axion Ventures'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.

Axion Ventures's Days Sales Outstanding Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Axion Ventures's Days Sales Outstanding distribution charts can be found below:

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

Axion Ventures 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.

Axion Ventures'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
=	( (0.359	+	0.376)	/	2 )	/	7.561	*	365
=	0.3675					/	7.561	*	365
=	17.74

Axion Ventures'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
=	( (0.376	+	0.176)	/	2 )	/	1.532	*	365 / 4
=	0.276					/	1.532	*	365 / 4
=	16.44

Axion Ventures (TSXV:AXV) Days Sales Outstanding Explanation

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

Axion Ventures Days Sales Outstanding Related Terms

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Axion Ventures (TSXV:AXV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Axion Ventures Inc (TSXV:AXV) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Burrard Street, Suite 1000, Vancouver, BC, CAN, V7X 1S8

Website

https://www.axionventures.com

Axion Ventures Inc is an investment issuer with majority ownership in online video gaming and other IT sectors. The principal activities of the Group are principally engaged in game software development, game operation, provision of outsourcing services, software license and software training. The geographical presence of the company in Canada, China and Rest of the world.

Executives

Grant Moontae Kim

Director

Axion Ventures (TSXV:AXV) Headlines

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