Wavefront Technology Solutions (Wavefront Technology Solutions) Days Sales Outstanding : 96.71 (As of May. 2022)

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What is Wavefront Technology Solutions Days Sales Outstanding?

Wavefront Technology Solutions's average Accounts Receivable for the three months ended in May. 2022 was $0.38 Mil. Wavefront Technology Solutions's Revenue for the three months ended in May. 2022 was $0.36 Mil. Hence, Wavefront Technology Solutions's Days Sales Outstanding for the three months ended in May. 2022 was 96.71.

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

WFTSF's Days Sales Outstanding is not ranked ^*
in the Oil & Gas industry.
Industry Median: 48.62
* Ranked among companies with meaningful Days Sales Outstanding only.

Wavefront Technology Solutions's Days Sales Outstanding increased from May. 2021 (90.36) to May. 2022 (96.71).

Wavefront Technology Solutions Days Sales Outstanding Historical Data

The historical data trend for Wavefront Technology Solutions'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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Wavefront Technology Solutions Days Sales Outstanding Chart

Wavefront Technology Solutions Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Days Sales Outstanding

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131.04

105.95

65.79

88.32

104.78

Wavefront Technology Solutions Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Days Sales Outstanding	Get a 7-Day Free Trial															90.36	49.50	50.44	61.84	96.71

Competitive Comparison of Wavefront Technology Solutions's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Wavefront Technology Solutions'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.

Wavefront Technology Solutions's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Wavefront Technology Solutions's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wavefront Technology Solutions's Days Sales Outstanding falls into.

Wavefront Technology Solutions 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.

Wavefront Technology Solutions's Days Sales Outstanding for the fiscal year that ended in Aug. 2021 is calculated as

	Days Sales Outstanding (A: Aug. 2021 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2020 )	+	Accounts Receivable (A: Aug. 2021 ))	/	count )	/	Revenue (A: Aug. 2021 )	*	Days in Period
=	( (0.578	+	0.154)	/	2 )	/	1.275	*	365
=	0.366					/	1.275	*	365
=	104.78

Wavefront Technology Solutions's Days Sales Outstanding for the quarter that ended in May. 2022 is calculated as:

	Days Sales Outstanding (Q: May. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: May. 2022 ))	/	count )	/	Revenue (A: May. 2022 )	*	Days in Period
=	( (0.349	+	0.412)	/	2 )	/	0.359	*	365 / 4
=	0.3805					/	0.359	*	365 / 4
=	96.71

Wavefront Technology Solutions (OTCPK:WFTSF) Days Sales Outstanding Explanation

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

Wavefront Technology Solutions Days Sales Outstanding Related Terms

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Wavefront Technology Solutions (Wavefront Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wavefront Technology Solutions Inc (OTCPK:WFTSF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Street North West, Suite 5621, Edmonton, AB, CAN, T6B 3P6

Website

https://www.onthewavefront.com

Wavefront Technology Solutions Inc is a technology company providing solutions to oil and gas exploration and production companies to maximize oil and gas production. It has two processes namely the Powerwave process which is an injection technology that improves the flow of fluids in geological materials including sedimentary soils and fractured rock, and Primawave process which is an effective method for aiding in-situ (in-ground) environmental groundwater remediation clean-up strategies in contaminated sites. Geographically it earns key revenue from the Middle East.