NexGel's average Accounts Receivable for the
three
months ended in Mar. 2024 was $0.69 Mil. NexGel's Revenue for the
three
months ended in Mar. 2024 was $1.27 Mil.
Hence, NexGel's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 49.45.
The historical rank and industry rank for NexGel's Days Sales Outstanding or its related term are showing as below:
NXGL'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 10.97 Med: 33.9 Max: 59.5
Current: 59.5
During the past 8 years, NexGel's highest Days Sales Outstanding was 59.50. The lowest was 10.97. And the median was 33.90.
NXGL's Days Sales Outstanding is ranked better than 56.93% of 808
companies
in the Medical Devices & Instruments industry
Industry Median: 65.27
vs NXGL: 59.50
NexGel's Days Sales Outstanding
increased
from Mar. 2023 (44.30) to Mar. 2024 (49.45).
NexGel Days Sales Outstanding Historical Data
The historical data trend for NexGel'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.
Competitive Comparison of NexGel's Days Sales Outstanding
For the Medical Instruments & Supplies subindustry, NexGel'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.
NexGel's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, NexGel's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where NexGel's Days Sales Outstanding falls into.
NexGel 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.
* 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.
NexGel (NAS:NXGL) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
NexGel Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of NexGel's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
NexGel Inc manufactures high water content, electron beam cross-linked, aqueous polymer hydrogels, or gels, used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company specializes in custom gels by capitalizing on proprietary manufacturing technologies. The gels and consumer products are manufactured using proprietary and non-proprietary mixing, coating, and cross-linking technologies. The company recognizes revenue from contract manufacturing.
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