Simply Solventless Concentrates (TSXV:HASH) Days Sales Outstanding : 32.74 (As of Mar. 2024)

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What is Simply Solventless Concentrates Days Sales Outstanding?

Simply Solventless Concentrates's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.82 Mil. Simply Solventless Concentrates's Revenue for the three months ended in Mar. 2024 was C$2.30 Mil. Hence, Simply Solventless Concentrates's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.74.

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

TSXV:HASH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.3 Med: 110 Max: 367.7
Current: 36.5

During the past 3 years, Simply Solventless Concentrates's highest Days Sales Outstanding was 367.70. The lowest was 29.30. And the median was 110.00.

TSXV:HASH's Days Sales Outstanding is ranked better than
82.93% of 996 companies
in the Drug Manufacturers industry
Industry Median: 71.41 vs TSXV:HASH: 36.50

Simply Solventless Concentrates's Days Sales Outstanding increased from Mar. 2023 (23.55) to Mar. 2024 (32.74).

Simply Solventless Concentrates Days Sales Outstanding Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Days Sales Outstanding Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

367.70

110.00

29.30

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial				23.55	24.31	31.83	47.57	32.74

Competitive Comparison of Simply Solventless Concentrates's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Solventless Concentrates'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.

Simply Solventless Concentrates's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Simply Solventless Concentrates's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Simply Solventless Concentrates's Days Sales Outstanding falls into.

Simply Solventless Concentrates 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.

Simply Solventless Concentrates'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
=	( (0.462	+	0.532)	/	2 )	/	6.192	*	365
=	0.497					/	6.192	*	365
=	29.30

Simply Solventless Concentrates'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
=	( (0.532	+	1.117)	/	2 )	/	2.298	*	365 / 4
=	0.8245					/	2.298	*	365 / 4
=	32.74

Simply Solventless Concentrates (TSXV:HASH) Days Sales Outstanding Explanation

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

Simply Solventless Concentrates Days Sales Outstanding Related Terms

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Simply Solventless Concentrates (TSXV:HASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (TSXV:HASH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

273209 Range Road 20, Rocky View County, AB, CAN, T4B 4P2

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers.

Executives

William Colin Macdonald	10% Security Holder, Director
Jeffrey Philip James Swainson	10% Security Holder, Director, Senior Officer

Simply Solventless Concentrates (TSXV:HASH) Headlines

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