Global Health Clinics (XCNQ:MJRX) Days Sales Outstanding : 36.93 (As of Jan. 2024)

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What is Global Health Clinics Days Sales Outstanding?

Global Health Clinics's average Accounts Receivable for the three months ended in Jan. 2024 was C$0.01 Mil. Global Health Clinics's Revenue for the three months ended in Jan. 2024 was C$0.02 Mil. Hence, Global Health Clinics's Days Sales Outstanding for the three months ended in Jan. 2024 was 36.93.

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

XCNQ:MJRX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.31 Med: 40.56 Max: 88.26
Current: 34.45

During the past 11 years, Global Health Clinics's highest Days Sales Outstanding was 88.26. The lowest was 27.31. And the median was 40.56.

XCNQ:MJRX's Days Sales Outstanding is ranked better than
84.22% of 995 companies
in the Drug Manufacturers industry
Industry Median: 71.56 vs XCNQ:MJRX: 34.45

Global Health Clinics's Days Sales Outstanding increased from Jan. 2023 (35.49) to Jan. 2024 (36.93).

Global Health Clinics Days Sales Outstanding Historical Data

The historical data trend for Global Health Clinics'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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Global Health Clinics Days Sales Outstanding Chart

Global Health Clinics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Sales Outstanding

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88.26

80.36

40.56

27.31

30.12

Global Health Clinics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															35.49	32.32	35.71	34.76	36.93

Competitive Comparison of Global Health Clinics's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Global Health Clinics'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.

Global Health Clinics's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Global Health Clinics's Days Sales Outstanding falls into.

Global Health Clinics 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.

Global Health Clinics's Days Sales Outstanding for the fiscal year that ended in Jul. 2023 is calculated as

	Days Sales Outstanding (A: Jul. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )	/	Revenue (A: Jul. 2023 )	*	Days in Period
=	( (0.009	+	0.008)	/	2 )	/	0.103	*	365
=	0.0085					/	0.103	*	365
=	30.12

Global Health Clinics's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (0.008	+	0.009)	/	2 )	/	0.021	*	365 / 4
=	0.0085					/	0.021	*	365 / 4
=	36.93

Global Health Clinics (XCNQ:MJRX) Days Sales Outstanding Explanation

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

Global Health Clinics Days Sales Outstanding Related Terms

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Global Health Clinics (XCNQ:MJRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Health Clinics Ltd (XCNQ:MJRX) » Definitions » Days Sales Outstanding

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L00:Germany

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.globalhealthltd.ca

Global Health Clinics Ltd engages in the cannabis industry and operates medical clinics which guide patients through the process of becoming legal users of marijuana and also engages in developing psilocybin products for research and their potential usage for pharmaceutical purposes. The Company operates in two operating segments the operating of medical clinics to guide patients to become legal users of marijuana and the development of psilocybin products for research and potential usage for pharmaceutical purposes. The Company derives its key revenue from Medical Clinics for legal user of Marijuana.

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