Medx Health (TSXV:MDX) Days Sales Outstanding : 22.06 (As of Sep. 2024)

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What is Medx Health Days Sales Outstanding?

Medx Health's average Accounts Receivable for the three months ended in Sep. 2024 was C$0.02 Mil. Medx Health's Revenue for the three months ended in Sep. 2024 was C$0.09 Mil. Hence, Medx Health's Days Sales Outstanding for the three months ended in Sep. 2024 was 22.06.

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

TSXV:MDX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.4 Med: 22.8 Max: 42.98
Current: 12.89

During the past 13 years, Medx Health's highest Days Sales Outstanding was 42.98. The lowest was 6.40. And the median was 22.80.

TSXV:MDX's Days Sales Outstanding is ranked better than
96.92% of 813 companies
in the Medical Devices & Instruments industry
Industry Median: 65.03 vs TSXV:MDX: 12.89

Medx Health's Days Sales Outstanding declined from Sep. 2023 (54.26) to Sep. 2024 (22.06).

Medx Health Days Sales Outstanding Historical Data

The historical data trend for Medx Health'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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Medx Health Days Sales Outstanding Chart

Medx Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.59

33.40

17.18

6.43

6.40

Medx Health 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															54.26	6.91	8.10	15.35	22.06

Competitive Comparison of Medx Health's Days Sales Outstanding

For the Medical Devices subindustry, Medx Health'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.

Medx Health's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medx Health's Days Sales Outstanding distribution charts can be found below:

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

Medx Health 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.

Medx Health'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
=	( (0.008	+	0.008)	/	2 )	/	0.456	*	365
=	0.008					/	0.456	*	365
=	6.40

Medx Health'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
=	( (0.024	+	0.02)	/	2 )	/	0.091	*	365 / 4
=	0.022					/	0.091	*	365 / 4
=	22.06

Medx Health (TSXV:MDX) Days Sales Outstanding Explanation

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

Medx Health Days Sales Outstanding Related Terms

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Medx Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medx Health Corp (TSXV:MDX) » Definitions » Days Sales Outstanding

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MDXHF:USA

Address

1495 Bonhill Road, Unit 1, Mississauga, ON, CAN, L5T 1M2

Website

https://www.medxhealth.com

Medx Health Corp is engaged in the development, manufacturing, and marketing of skin-related screening tools and phototherapy devices for pain relief and tissue repair. Its two main product lines are; SIAscopy, a medical device technology that is used to scan skin for suspicious moles and lesions; and Phototherapeutic medical devices, which use light energy in lower-level laser and LED to provide effective treatment of pain and tissue damage in the rehabilitation market. It derives key revenue from the sale of Phototherapeutic lasers. The company sells its products internationally, of which prime revenue is generated in Canada and the United States.

Executives

Edmund Ho	Director
Stephen Owen Lockyer	Director
David John Hennigar	Director
Luigi Canitano	Senior Officer
Gary Norman Van Nest	Director

Medx Health Headlines

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