Horizon Copper (TSXV:HCU) Days Sales Outstanding : 105.72 (As of Sep. 2024)

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What is Horizon Copper Days Sales Outstanding?

Horizon Copper's average Accounts Receivable for the three months ended in Sep. 2024 was C$8.32 Mil. Horizon Copper's Revenue for the three months ended in Sep. 2024 was C$7.18 Mil. Hence, Horizon Copper's Days Sales Outstanding for the three months ended in Sep. 2024 was 105.72.

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

TSXV:HCU' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.07 Med: 259.94 Max: 506.8
Current: 164.99

During the past 4 years, Horizon Copper's highest Days Sales Outstanding was 506.80. The lowest was 13.07. And the median was 259.94.

TSXV:HCU's Days Sales Outstanding is ranked worse than
81.08% of 777 companies
in the Metals & Mining industry
Industry Median: 42.09 vs TSXV:HCU: 164.99

Horizon Copper's Days Sales Outstanding declined from Sep. 2023 (357.79) to Sep. 2024 (105.72).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Horizon Copper Days Sales Outstanding Historical Data

The historical data trend for Horizon Copper'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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Horizon Copper Days Sales Outstanding Chart

Horizon Copper Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

13.07

506.80

Horizon Copper Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial								357.79	1,262.97	167.38	83.49	105.72

Competitive Comparison of Horizon Copper's Days Sales Outstanding

For the Copper subindustry, Horizon Copper'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.

Horizon Copper's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Horizon Copper's Days Sales Outstanding distribution charts can be found below:

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

Horizon Copper 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.

Horizon Copper'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
=	( (11.771	+	3.333)	/	2 )	/	5.439	*	365
=	7.552					/	5.439	*	365
=	506.80

Horizon Copper's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (8.877	+	7.765)	/	2 )	/	7.182	*	365 / 4
=	8.321					/	7.182	*	365 / 4
=	105.72

Horizon Copper (TSXV:HCU) Days Sales Outstanding Explanation

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

Horizon Copper Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Horizon Copper's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Horizon Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Copper Corp (TSXV:HCU) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

HNCUF:USA

Address

733 Seymour Street, Suite 3200, Vancouver, BC, CAN, V6B 0S6

Website

https://www.horizoncopper.com

Horizon Copper Corp is a copper company holding non-operating interests in high-grade, low-cost copper assets. It holds a portfolio of copper assets including a 30% interest in the copper-gold Hod Maden project, and exposure to the Oyu Tolgoi copper mine through nearly 25% equity ownership.

Executives

Erfan Kazemi-esfahani	Director, Senior Officer
Nolan Allan Watson	Director

Horizon Copper Headlines

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