Canyon Creek Food Co (TSXV:CYF) Days Sales Outstanding : 13.46 (As of Feb. 2024)

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What is Canyon Creek Food Co Days Sales Outstanding?

Canyon Creek Food Co's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.83 Mil. Canyon Creek Food Co's Revenue for the three months ended in Feb. 2024 was C$5.60 Mil. Hence, Canyon Creek Food Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 13.46.

The historical rank and industry rank for Canyon Creek Food Co's Days Sales Outstanding or its related term are showing as below:

TSXV:CYF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.17 Med: 11.02 Max: 19.75
Current: 19.75

During the past 13 years, Canyon Creek Food Co's highest Days Sales Outstanding was 19.75. The lowest was 5.17. And the median was 11.02.

TSXV:CYF's Days Sales Outstanding is ranked better than
79.43% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.145 vs TSXV:CYF: 19.75

Canyon Creek Food Co's Days Sales Outstanding declined from Feb. 2023 (15.08) to Feb. 2024 (13.46).

Canyon Creek Food Co Days Sales Outstanding Historical Data

The historical data trend for Canyon Creek Food Co'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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Canyon Creek Food Co Days Sales Outstanding Chart

Canyon Creek Food Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Sales Outstanding

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5.22

6.04

10.78

11.25

11.34

Canyon Creek Food Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															15.08	39.70	36.05	15.17	13.46

Competitive Comparison of Canyon Creek Food Co's Days Sales Outstanding

For the Packaged Foods subindustry, Canyon Creek Food Co'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.

Canyon Creek Food Co's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Canyon Creek Food Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Canyon Creek Food Co's Days Sales Outstanding falls into.

Canyon Creek Food Co 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.

Canyon Creek Food Co's Days Sales Outstanding for the fiscal year that ended in May. 2023 is calculated as

	Days Sales Outstanding (A: May. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )	/	Revenue (A: May. 2023 )	*	Days in Period
=	( (0.321	+	0.42)	/	2 )	/	11.925	*	365
=	0.3705					/	11.925	*	365
=	11.34

Canyon Creek Food Co's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (0.902	+	0.749)	/	2 )	/	5.598	*	365 / 4
=	0.8255					/	5.598	*	365 / 4
=	13.46

Canyon Creek Food Co (TSXV:CYF) Days Sales Outstanding Explanation

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

Canyon Creek Food Co Days Sales Outstanding Related Terms

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Canyon Creek Food Co (TSXV:CYF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Canyon Creek Food Co Ltd (TSXV:CYF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

8704 - 53rd Avenue, Edmonton, AB, CAN, T6E 5G2

Website

http://www.canyoncreekfood.com

Canyon Creek Food Co Ltd is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for the health-conscious consumer. The company's product offerings include fresh sauces, gravies, mash potatoes, stews and chillies, and others. It provides its fresh food product line to both grocery retailers and a broad range of food service establishments, such as restaurants and institutions throughout Canada. Geographically it caters to Canada and USA and earns key revenue from Canada.

Canyon Creek Food Co (TSXV:CYF) Headlines

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