Innovotech (TSXV:IOT) Days Sales Outstanding : 33.98 (As of Dec. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Innovotech Days Sales Outstanding?

Innovotech's average Accounts Receivable for the three months ended in Dec. 2024 was C$0.39 Mil. Innovotech's Revenue for the three months ended in Dec. 2024 was C$1.05 Mil. Hence, Innovotech's Days Sales Outstanding for the three months ended in Dec. 2024 was 33.98.

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

TSXV:IOT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.02 Med: 54.83 Max: 88.01
Current: 44.4

During the past 13 years, Innovotech's highest Days Sales Outstanding was 88.01. The lowest was 33.02. And the median was 54.83.

TSXV:IOT's Days Sales Outstanding is ranked better than
73.31% of 843 companies
in the Biotechnology industry
Industry Median: 69.87 vs TSXV:IOT: 44.40

Innovotech's Days Sales Outstanding declined from Dec. 2023 (60.88) to Dec. 2024 (33.98).

Innovotech Days Sales Outstanding Historical Data

The historical data trend for Innovotech'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.

Innovotech Days Sales Outstanding Chart

Innovotech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Sales Outstanding

Get a 7-Day Free Trial

35.95

60.96

88.01

60.01

61.55

Innovotech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial															60.88	52.74	40.25	45.63	33.98

Competitive Comparison of Innovotech's Days Sales Outstanding

For the Biotechnology subindustry, Innovotech'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.

Innovotech's Days Sales Outstanding Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Innovotech's Days Sales Outstanding distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Innovotech 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.

Innovotech's Days Sales Outstanding for the fiscal year that ended in Dec. 2024 is calculated as

	Days Sales Outstanding (A: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (0.204	+	0.536)	/	2 )	/	2.194	*	365
=	0.37					/	2.194	*	365
=	61.55

Innovotech's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (0.243	+	0.536)	/	2 )	/	1.046	*	365 / 4
=	0.3895					/	1.046	*	365 / 4
=	33.98

Innovotech (TSXV:IOT) Days Sales Outstanding Explanation

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

Innovotech Days Sales Outstanding Related Terms

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

Innovotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Innovotech Inc (TSXV:IOT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

2011 - 94 Street, Suite L131, Edmonton, AB, CAN, T6N 1H1

Website

https://www.innovotech.ca

Innovotech Inc is a Canada-based company that provides solutions to client biofilm problems through its biofilm contract research department. The core activities of the company are sales of its products, conducting contract research for outside customers, and research and development to identify products for future commercialization. The products of the company include human and fungal biofilm susceptibility tests, a seed treatment designed to combat bacterial and fungal diseases, and an assay used in growing microbial biofilms for research purposes. Geographically, the firm has a business presence in the United States, Canada, and the Rest of the world of which the majority of the revenue is derived from the United States.

Executives

James Gregory Timourian	Senior Officer
Bradley Alan Clark	Director
Alan Clyde Hayes Savage	10% Security Holder
Craig Milne	Director
David Shong-tak Tam	Director
Bernard Grobbelaar	Director