Red Light Holland (XCNQ:TRIP) Days Sales Outstanding : 34.21 (As of Dec. 2023)

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What is Red Light Holland Days Sales Outstanding?

Red Light Holland's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.48 Mil. Red Light Holland's Revenue for the three months ended in Dec. 2023 was C$1.29 Mil. Hence, Red Light Holland's Days Sales Outstanding for the three months ended in Dec. 2023 was 34.21.

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

XCNQ:TRIP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.29 Med: 44.49 Max: 611.62
Current: 35.29

During the past 5 years, Red Light Holland's highest Days Sales Outstanding was 611.62. The lowest was 35.29. And the median was 44.49.

XCNQ:TRIP's Days Sales Outstanding is ranked better than
83.78% of 999 companies
in the Drug Manufacturers industry
Industry Median: 71.45 vs XCNQ:TRIP: 35.29

Red Light Holland's Days Sales Outstanding increased from Dec. 2022 (23.80) to Dec. 2023 (34.21).

Red Light Holland Days Sales Outstanding Historical Data

The historical data trend for Red Light Holland'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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Red Light Holland Days Sales Outstanding Chart

Red Light Holland Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

611.62

44.49

41.54

Red Light Holland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															23.80	31.79	36.55	40.98	34.21

Competitive Comparison of Red Light Holland's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Red Light Holland'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.

Red Light Holland's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red Light Holland's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Red Light Holland's Days Sales Outstanding falls into.

Red Light Holland 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.

Red Light Holland'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
=	( (0.381	+	0.518)	/	2 )	/	3.95	*	365
=	0.4495					/	3.95	*	365
=	41.54

Red Light Holland'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
=	( (0.438	+	0.53)	/	2 )	/	1.291	*	365 / 4
=	0.484					/	1.291	*	365 / 4
=	34.21

Red Light Holland (XCNQ:TRIP) Days Sales Outstanding Explanation

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

Red Light Holland Days Sales Outstanding Related Terms

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Red Light Holland (XCNQ:TRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Red Light Holland Corp (XCNQ:TRIP) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TRUFF:USA 4YX:Germany

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.redlight.co

Red Light Holland Corp is engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands Its products include Microdosing Kit and Merch. Its revenue is comprised of sales of wholesale truffles, cannabis seeds, and other cannabis products and sales of microdose packs.

Executives

Ann Catherine Barnes

Director