Airiq (TSXV:IQ) Days Sales Outstanding : 24.92 (As of Sep. 2024)

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What is Airiq Days Sales Outstanding?

Airiq's average Accounts Receivable for the three months ended in Sep. 2024 was C$0.35 Mil. Airiq's Revenue for the three months ended in Sep. 2024 was C$1.27 Mil. Hence, Airiq's Days Sales Outstanding for the three months ended in Sep. 2024 was 24.92.

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

TSXV:IQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.44 Med: 37.23 Max: 52.19
Current: 23.44

During the past 13 years, Airiq's highest Days Sales Outstanding was 52.19. The lowest was 23.44. And the median was 37.23.

TSXV:IQ's Days Sales Outstanding is ranked better than
89.4% of 2718 companies
in the Software industry
Industry Median: 61.38 vs TSXV:IQ: 23.44

Airiq's Days Sales Outstanding declined from Sep. 2023 (40.68) to Sep. 2024 (24.92).

Airiq Days Sales Outstanding Historical Data

The historical data trend for Airiq'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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Airiq Days Sales Outstanding Chart

Airiq Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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35.31

35.54

34.75

33.29

25.55

Airiq Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															40.68	29.45	24.45	17.33	24.92

Competitive Comparison of Airiq's Days Sales Outstanding

For the Software - Application subindustry, Airiq'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.

Airiq's Days Sales Outstanding Distribution in the Software Industry

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

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

Airiq 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.

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

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.526	+	0.246)	/	2 )	/	5.514	*	365
=	0.386					/	5.514	*	365
=	25.55

Airiq'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
=	( (0.382	+	0.311)	/	2 )	/	1.269	*	365 / 4
=	0.3465					/	1.269	*	365 / 4
=	24.92

Airiq (TSXV:IQ) Days Sales Outstanding Explanation

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

Airiq Days Sales Outstanding Related Terms

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Airiq Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airiq Inc (TSXV:IQ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

AILQF:USA EPXN:Germany

Address

1099 Kingstone Road, Suite 207, Pickering, ON, CAN, L1V 1B5

Website

https://www.airiq.com

Airiq Inc is a pioneer in IoT-based asset management solutions. The company solutions allow commercial businesses to reliably, effectively, and efficiently monitor assets in near real-time. The company develops iOS and Android mobile and web-based applications, and cloud-based solutions that are standalone or that can be readily integrated with existing software. The company solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety, and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.

Executives

Bora Kwak	Senior Officer
Vernon Lobo	Director, Director or Senior Officer of 10% Security Holder
Geoffrey Rotstein	Director
Michael Robb	Director, Senior Officer
Gabriel Bouchard-phillips	Director
Vecima Networks Inc.	10% Security Holder