CordovaCann (XCNQ:CDVA) Days Sales Outstanding : 1.72 (As of Jun. 2023)

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What is CordovaCann Days Sales Outstanding?

CordovaCann's average Accounts Receivable for the six months ended in Jun. 2023 was C$0.06 Mil. CordovaCann's Revenue for the six months ended in Jun. 2023 was C$13.60 Mil. Hence, CordovaCann's Days Sales Outstanding for the six months ended in Jun. 2023 was 0.86.

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

XCNQ:CDVA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.3 Med: 1.21 Max: 1.75
Current: 1.75

During the past 13 years, CordovaCann's highest Days Sales Outstanding was 1.75. The lowest was 0.30. And the median was 1.21.

XCNQ:CDVA's Days Sales Outstanding is ranked better than
99.1% of 998 companies
in the Drug Manufacturers industry
Industry Median: 71.84 vs XCNQ:CDVA: 1.75

CordovaCann's Days Sales Outstanding increased from Jun. 2021 (0.28) to Jun. 2023 (1.72).

CordovaCann Days Sales Outstanding Historical Data

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

CordovaCann Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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0.28

1.20

1.72

CordovaCann Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															-	-	0.28	1.20	1.72

Competitive Comparison of CordovaCann's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, CordovaCann'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.

CordovaCann's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CordovaCann's Days Sales Outstanding distribution charts can be found below:

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

CordovaCann 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.

CordovaCann's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.081	+	0.047)	/	2 )	/	13.595	*	365
=	0.064					/	13.595	*	365
=	1.72

CordovaCann's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.081	+	0.047)	/	2 )	/	13.595	*	365 / 2
=	0.064					/	13.595	*	365 / 2
=	0.86

CordovaCann (XCNQ:CDVA) Days Sales Outstanding Explanation

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

CordovaCann Days Sales Outstanding Related Terms

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CordovaCann (XCNQ:CDVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CordovaCann Corp (XCNQ:CDVA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

LVRLF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V0R2

Website

https://www.cordovacann.com

CordovaCann Corp is a Canadian-domiciled company focused on building a diversified cannabis company. The company provides services and investment capital to the processing and production of vertical markets of the cannabis industry.

Executives

Benjamin Thomas Higham

Director

CordovaCann (XCNQ:CDVA) Headlines

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