Sorrento Resources (XCNQ:SRS) Days Sales Outstanding : 0.00 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Sorrento Resources Days Sales Outstanding?

Sorrento Resources's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.03 Mil. Sorrento Resources's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil.

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

XCNQ:SRS's Days Sales Outstanding is not ranked ^*
in the Metals & Mining industry.
Industry Median: 42.77
* Ranked among companies with meaningful Days Sales Outstanding only.

Sorrento Resources's Days Sales Outstanding stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Sorrento Resources Days Sales Outstanding Historical Data

The historical data trend for Sorrento Resources'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.

* Premium members only.

Sorrento Resources Days Sales Outstanding Chart

Sorrento Resources Annual Data

Trend

Jun22

Jun23

Days Sales Outstanding

Sorrento Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Sorrento Resources's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Sorrento Resources'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.

Sorrento Resources's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sorrento Resources's Days Sales Outstanding distribution charts can be found below:

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

Sorrento Resources 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.

Sorrento Resources's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.009	+	0.024)	/	2 )	/	0	*	365
=	0.0165					/	0	*	365
=	N/A

Sorrento Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.019	+	0.037)	/	2 )	/	0	*	365 / 4
=	0.028					/	0	*	365 / 4
=	N/A

Sorrento Resources (XCNQ:SRS) Days Sales Outstanding Explanation

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

Sorrento Resources Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Sorrento Resources's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Sorrento Resources (XCNQ:SRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sorrento Resources Ltd (XCNQ:SRS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SRSLF:USA

Address

9285 - 203B Street, Langley, BC, CAN, V1M 2L9

Website

https://www.sorrentoresources.ca

Sorrento Resources Ltd engages in the exploration, development, and exploitation of mineral resources in Canada. Its projects include Wing Pond project, Harmsworth project, PEG lithium project, Silver Mountain project and others.

Executives

Blair Lawrence Naughty

10% Security Holder