MTL Cannabis (XCNQ:MTLC) Days Sales Outstanding : 42.10 (As of Sep. 2023)

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What is MTL Cannabis Days Sales Outstanding?

MTL Cannabis's average Accounts Receivable for the three months ended in Sep. 2023 was C$8.77 Mil. MTL Cannabis's Revenue for the three months ended in Sep. 2023 was C$19.01 Mil. Hence, MTL Cannabis's Days Sales Outstanding for the three months ended in Sep. 2023 was 42.10.

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

XCNQ:MTLC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.01 Med: 73.63 Max: 105.24
Current: 55.1

During the past 3 years, MTL Cannabis's highest Days Sales Outstanding was 105.24. The lowest was 48.01. And the median was 73.63.

XCNQ:MTLC's Days Sales Outstanding is ranked worse than
70.59% of 51 companies
in the Tobacco Products industry
Industry Median: 30.85 vs XCNQ:MTLC: 55.10

MTL Cannabis's Days Sales Outstanding declined from Jun. 2022 (113.63) to Sep. 2023 (42.10).

MTL Cannabis Days Sales Outstanding Historical Data

The historical data trend for MTL Cannabis'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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MTL Cannabis Days Sales Outstanding Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Days Sales Outstanding

48.01

73.63

105.24

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			-	-	58.70	42.10	33.03

Competitive Comparison of MTL Cannabis's Days Sales Outstanding

For the Tobacco subindustry, MTL Cannabis'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.

MTL Cannabis's Days Sales Outstanding Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, MTL Cannabis's Days Sales Outstanding distribution charts can be found below:

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

MTL Cannabis 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.

MTL Cannabis'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
=	( (7.18	+	6.989)	/	2 )	/	24.57	*	365
=	7.0845					/	24.57	*	365
=	105.24

MTL Cannabis's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (9.433	+	8.106)	/	2 )	/	19.006	*	365 / 4
=	8.7695					/	19.006	*	365 / 4
=	42.10

MTL Cannabis (XCNQ:MTLC) Days Sales Outstanding Explanation

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

MTL Cannabis Days Sales Outstanding Related Terms

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MTL Cannabis (XCNQ:MTLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (XCNQ:MTLC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

J4E:Germany

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

MTL Cannabis (XCNQ:MTLC) Headlines

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