Snipp Interactive (TSXV:SPN) Days Sales Outstanding : 30.43 (As of Dec. 2023)

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What is Snipp Interactive Days Sales Outstanding?

Snipp Interactive's average Accounts Receivable for the three months ended in Dec. 2023 was C$3.56 Mil. Snipp Interactive's Revenue for the three months ended in Dec. 2023 was C$10.68 Mil. Hence, Snipp Interactive's Days Sales Outstanding for the three months ended in Dec. 2023 was 30.43.

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

TSXV:SPN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.61 Med: 57.26 Max: 118.14
Current: 31.99

During the past 13 years, Snipp Interactive's highest Days Sales Outstanding was 118.14. The lowest was 27.61. And the median was 57.26.

TSXV:SPN's Days Sales Outstanding is ranked better than
83.15% of 1027 companies
in the Media - Diversified industry
Industry Median: 67.88 vs TSXV:SPN: 31.99

Snipp Interactive's Days Sales Outstanding declined from Dec. 2022 (38.59) to Dec. 2023 (30.43).

Snipp Interactive Days Sales Outstanding Historical Data

The historical data trend for Snipp Interactive'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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Snipp Interactive Days Sales Outstanding Chart

Snipp Interactive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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95.14

62.60

28.78

28.51

27.61

Snipp Interactive Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															38.59	33.35	34.55	34.20	30.43

Competitive Comparison of Snipp Interactive's Days Sales Outstanding

For the Advertising Agencies subindustry, Snipp Interactive'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.

Snipp Interactive's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Snipp Interactive's Days Sales Outstanding distribution charts can be found below:

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

Snipp Interactive 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.

Snipp Interactive'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
=	( (3.418	+	2.782)	/	2 )	/	40.982	*	365
=	3.1					/	40.982	*	365
=	27.61

Snipp Interactive's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (4.341	+	2.782)	/	2 )	/	10.68	*	365 / 4
=	3.5615					/	10.68	*	365 / 4
=	30.43

Snipp Interactive (TSXV:SPN) Days Sales Outstanding Explanation

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

Snipp Interactive Days Sales Outstanding Related Terms

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Snipp Interactive (TSXV:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Snipp Interactive Inc (TSXV:SPN) » Definitions » Days Sales Outstanding

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SNIPF:USA

Address

666 Burrard Street, Suite 1700, Vancouver, BC, CAN, V6C 2X8

Website

https://www.snipp.com

Snipp Interactive Inc a loyalty and promotions technology company develops and sells mobile-based promotions software applications and associated campaign services. The company provides its products in a range of solution sets, which include Purchase Promotions and Receipt Processing; Loyalty Programs; Mobile Promotions and Contests; Reward Solutions; Rebate Solutions, and Data Analytics. It offers software applications, which allow advertising agencies, brands, and media to engage and interact with customers. Geographically it operates through in several cities in the United States, and international operations in Canada, India, and Ireland. It derived the majority of its revenues from the United States.

Snipp Interactive (TSXV:SPN) Headlines

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