Cannibble Food Tech (XCNQ:PLCN) Days Sales Outstanding : 96.88 (As of Sep. 2023)

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What is Cannibble Food Tech Days Sales Outstanding?

Cannibble Food Tech's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.09 Mil. Cannibble Food Tech's Revenue for the three months ended in Sep. 2023 was C$0.08 Mil. Hence, Cannibble Food Tech's Days Sales Outstanding for the three months ended in Sep. 2023 was 96.88.

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

XCNQ:PLCN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.35 Med: 38.58 Max: 196.67
Current: 196.67

During the past 3 years, Cannibble Food Tech's highest Days Sales Outstanding was 196.67. The lowest was 19.35. And the median was 38.58.

XCNQ:PLCN's Days Sales Outstanding is ranked worse than
94.1% of 1000 companies
in the Drug Manufacturers industry
Industry Median: 72.115 vs XCNQ:PLCN: 196.67

Cannibble Food Tech's Days Sales Outstanding declined from Sep. 2022 (2,509.38) to Sep. 2023 (96.88).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Cannibble Food Tech Days Sales Outstanding Historical Data

The historical data trend for Cannibble Food Tech'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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Cannibble Food Tech Days Sales Outstanding Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Days Sales Outstanding

38.58

19.35

185.27

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial							2,509.38	277.90	164.58	-	96.88

Competitive Comparison of Cannibble Food Tech's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Cannibble Food Tech'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.

Cannibble Food Tech's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannibble Food Tech's Days Sales Outstanding falls into.

Cannibble Food Tech 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.

Cannibble Food Tech's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.017	+	0.117)	/	2 )	/	0.132	*	365
=	0.067					/	0.132	*	365
=	185.27

Cannibble Food Tech'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
=	( (0.045	+	0.127)	/	2 )	/	0.081	*	365 / 4
=	0.086					/	0.081	*	365 / 4
=	96.88

Cannibble Food Tech (XCNQ:PLCN) Days Sales Outstanding Explanation

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

Cannibble Food Tech Days Sales Outstanding Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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