Deveron (TSXV:FARM) Days Sales Outstanding : 82.80 (As of Mar. 2024)

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What is Deveron Days Sales Outstanding?

Deveron's average Accounts Receivable for the three months ended in Mar. 2024 was C$4.95 Mil. Deveron's Revenue for the three months ended in Mar. 2024 was C$5.45 Mil. Hence, Deveron's Days Sales Outstanding for the three months ended in Mar. 2024 was 82.80.

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

TSXV:FARM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.9 Med: 89.74 Max: 821.25
Current: 41.9

During the past 13 years, Deveron's highest Days Sales Outstanding was 821.25. The lowest was 41.90. And the median was 89.74.

TSXV:FARM's Days Sales Outstanding is ranked better than
74.28% of 2718 companies
in the Software industry
Industry Median: 61.355 vs TSXV:FARM: 41.90

Deveron's Days Sales Outstanding increased from Mar. 2023 (82.06) to Mar. 2024 (82.80).

Deveron Days Sales Outstanding Historical Data

The historical data trend for Deveron'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.

* Premium members only.

Deveron Days Sales Outstanding Chart

Deveron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

Days Sales Outstanding

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93.16

86.32

68.05

56.87

64.78

Deveron 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															82.06	38.07	49.75	30.26	82.80

Competitive Comparison of Deveron's Days Sales Outstanding

For the Information Technology Services subindustry, Deveron'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.

Deveron's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Deveron's Days Sales Outstanding distribution charts can be found below:

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

Deveron 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.

Deveron's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (6.495	+	0)	/	1 )	/	36.598	*	365
=	6.495					/	36.598	*	365
=	64.78

Deveron'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
=	( (6.025	+	3.871)	/	2 )	/	5.453	*	365 / 4
=	4.948					/	5.453	*	365 / 4
=	82.80

Deveron (TSXV:FARM) Days Sales Outstanding Explanation

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

Deveron Days Sales Outstanding Related Terms

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Deveron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Deveron Corp (TSXV:FARM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company that uses data and insights to help farmers and agriculture enterprises increase yields, reduce costs, and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive the unbiased interpretation of production decisions, ultimately recommending optimizing input use. Additionally, the Company provides scalable data acquisition solutions in the imagery and soil space with the help of soil sampling technicians and drone pilots.

Executives

David Macmillan	Director, Senior Officer
William Linton	Director
Christopher Irwin	Director
James Pirie	Director
Greencastle Resources Ltd.	10% Security Holder