Inverite Insights (XCNQ:INVR) Days Sales Outstanding : 33.45 (As of Dec. 2024)

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What is Inverite Insights Days Sales Outstanding?

Inverite Insights's average Accounts Receivable for the three months ended in Dec. 2024 was C$0.11 Mil. Inverite Insights's Revenue for the three months ended in Dec. 2024 was C$0.31 Mil. Hence, Inverite Insights's Days Sales Outstanding for the three months ended in Dec. 2024 was 33.45.

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

XCNQ:INVR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.49 Med: 99.1 Max: 208.08
Current: 43.1

During the past 5 years, Inverite Insights's highest Days Sales Outstanding was 208.08. The lowest was 24.49. And the median was 99.10.

XCNQ:INVR's Days Sales Outstanding is ranked worse than
50.71% of 280 companies
in the Credit Services industry
Industry Median: 40.79 vs XCNQ:INVR: 43.10

Inverite Insights's Days Sales Outstanding declined from Jun. 2023 (51.13) to Dec. 2024 (33.45).

Inverite Insights Days Sales Outstanding Historical Data

The historical data trend for Inverite Insights'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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Inverite Insights Days Sales Outstanding Chart

Inverite Insights Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Days Sales Outstanding

116.95

208.08

99.10

24.49

48.70

Inverite Insights Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial															51.13	46.29	31.82	30.61	33.45

Competitive Comparison of Inverite Insights's Days Sales Outstanding

For the Credit Services subindustry, Inverite Insights'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.

Inverite Insights's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Inverite Insights's Days Sales Outstanding distribution charts can be found below:

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

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Inverite Insights 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.

Inverite Insights's Days Sales Outstanding for the fiscal year that ended in Dec. 2021 is calculated as

	Days Sales Outstanding (A: Dec. 2021 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )	/	Revenue (A: Dec. 2021 )	*	Days in Period
=	( (0.037	+	0.157)	/	2 )	/	0.727	*	365
=	0.097					/	0.727	*	365
=	48.70

Inverite Insights's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (0.105	+	0.123)	/	2 )	/	0.311	*	365 / 4
=	0.114					/	0.311	*	365 / 4
=	33.45

Inverite Insights (XCNQ:INVR) Days Sales Outstanding Explanation

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

Inverite Insights Days Sales Outstanding Related Terms

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Inverite Insights Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Inverite Insights Inc (XCNQ:INVR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

INVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2.

Website

https://www.inverite.com

Inverite Insights Inc provides AI-driven software focusing on real-time financial data, which empowers business lenders and financial institutions to transact effectively for data enrichment, identify-KYC, risk management, and compliance. The company operates a cloud-based transactional and Risk Model as a Service (RMaaS) platform; and offers open banking and consumer-directed finance solutions, including banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes.

Executives

Bradley Nixon Scharfe	10% Security Holder
Michele Marrandino	10% Security Holder, Director, Senior Officer

Inverite Insights Headlines

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