Braxia Scientific (XCNQ:BRAX) Days Sales Outstanding : 15.02 (As of Dec. 2023)

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What is Braxia Scientific Days Sales Outstanding?

Braxia Scientific's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.08 Mil. Braxia Scientific's Revenue for the three months ended in Dec. 2023 was C$0.49 Mil. Hence, Braxia Scientific's Days Sales Outstanding for the three months ended in Dec. 2023 was 15.02.

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

XCNQ:BRAX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.76 Med: 41.48 Max: 61.41
Current: 28.76

During the past 3 years, Braxia Scientific's highest Days Sales Outstanding was 61.41. The lowest was 28.76. And the median was 41.48.

XCNQ:BRAX's Days Sales Outstanding is ranked better than
85.96% of 890 companies
in the Biotechnology industry
Industry Median: 72.665 vs XCNQ:BRAX: 28.76

Braxia Scientific's Days Sales Outstanding declined from Dec. 2022 (37.13) to Dec. 2023 (15.02).

Braxia Scientific Days Sales Outstanding Historical Data

The historical data trend for Braxia Scientific'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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Braxia Scientific Days Sales Outstanding Chart

Braxia Scientific Annual Data

Trend

Mar21

Mar22

Mar23

Days Sales Outstanding

40.92

41.48

61.41

Braxia Scientific Quarterly Data
	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												37.13	54.72	37.34	11.75	15.02

Competitive Comparison of Braxia Scientific's Days Sales Outstanding

For the Biotechnology subindustry, Braxia Scientific'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.

Braxia Scientific's Days Sales Outstanding Distribution in the Biotechnology Industry

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

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

Braxia Scientific 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.

Braxia Scientific's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.225	+	0.409)	/	2 )	/	1.884	*	365
=	0.317					/	1.884	*	365
=	61.41

Braxia Scientific'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
=	( (0.071	+	0.091)	/	2 )	/	0.492	*	365 / 4
=	0.081					/	0.492	*	365 / 4
=	15.02

Braxia Scientific (XCNQ:BRAX) Days Sales Outstanding Explanation

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

Braxia Scientific Days Sales Outstanding Related Terms

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Braxia Scientific (XCNQ:BRAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Braxia Scientific Corp (XCNQ:BRAX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

BRAXF:USA 4960:Germany

Address

700 Bay Street, Suite 1903, Toronto, ON, CAN, M5G 1Z6

Website

https://www.braxiascientific.com

Braxia Scientific Corp is a research-driven medical solutions company that aims to reduce the illness burden of brain-based mental disorders such as depressive disorder among others. It is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing novel drugs and delivery methods. The company develops ketamine and psilocybin derivatives and other psychedelic products from its IP development platform.

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