MyndTec (XCNQ:MYTC) Days Sales Outstanding : 12.56 (As of Mar. 2024)

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What is MyndTec Days Sales Outstanding?

MyndTec's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.01 Mil. MyndTec's Revenue for the three months ended in Mar. 2024 was C$0.07 Mil. Hence, MyndTec's Days Sales Outstanding for the three months ended in Mar. 2024 was 12.56.

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

XCNQ:MYTC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.04 Med: 175.67 Max: 378.44
Current: 31.04

During the past 4 years, MyndTec's highest Days Sales Outstanding was 378.44. The lowest was 31.04. And the median was 175.67.

XCNQ:MYTC's Days Sales Outstanding is ranked better than
89.96% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.88 vs XCNQ:MYTC: 31.04

MyndTec's Days Sales Outstanding declined from Mar. 2023 (55.23) to Mar. 2024 (12.56).

MyndTec Days Sales Outstanding Historical Data

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

MyndTec Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

378.44

134.62

216.72

46.62

MyndTec Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial									55.23	80.39	26.07	52.14	12.56

Competitive Comparison of MyndTec's Days Sales Outstanding

For the Medical Devices subindustry, MyndTec'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.

MyndTec's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MyndTec's Days Sales Outstanding distribution charts can be found below:

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

MyndTec 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.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.026	+	0.009)	/	2 )	/	0.137	*	365
=	0.0175					/	0.137	*	365
=	46.62

MyndTec's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.009	+	0.01)	/	2 )	/	0.069	*	365 / 4
=	0.0095					/	0.069	*	365 / 4
=	12.56

MyndTec (XCNQ:MYTC) Days Sales Outstanding Explanation

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

MyndTec Days Sales Outstanding Related Terms

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MyndTec (XCNQ:MYTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MyndTec Inc (XCNQ:MYTC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Minnesota Court, Suite 122, Mississauga, ON, CAN, L5N 3C9

Website

https://www.myndtec.com

MyndTec Inc is a medical technology company. It researches, develops, and distributes new therapies designed to improve function, maximize independence and enhance the quality of life for individuals with upper limb paralysis due to stroke, spinal cord injury, or traumatic brain injury. The firm develops non-invasive neurological and nervous system electrical stimulation therapeutics for the treatment of neurological diseases and injuries specifically targeted to markets with large, growing, and patient populations. The company generates revenues from sales in Canada and the United States.

MyndTec (XCNQ:MYTC) Headlines

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