Vitreous Glass (TSXV:VCI) Days Sales Outstanding : 19.06 (As of Mar. 2024)

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What is Vitreous Glass Days Sales Outstanding?

Vitreous Glass's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.51 Mil. Vitreous Glass's Revenue for the three months ended in Mar. 2024 was C$2.44 Mil. Hence, Vitreous Glass's Days Sales Outstanding for the three months ended in Mar. 2024 was 19.06.

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

TSXV:VCI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.63 Med: 49.21 Max: 94.35
Current: 16.9

During the past 13 years, Vitreous Glass's highest Days Sales Outstanding was 94.35. The lowest was 14.63. And the median was 49.21.

TSXV:VCI's Days Sales Outstanding is ranked better than
96.07% of 229 companies
in the Waste Management industry
Industry Median: 72.65 vs TSXV:VCI: 16.90

Vitreous Glass's Days Sales Outstanding declined from Mar. 2023 (24.51) to Mar. 2024 (19.06).

Vitreous Glass Days Sales Outstanding Historical Data

The historical data trend for Vitreous Glass'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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Vitreous Glass Days Sales Outstanding Chart

Vitreous Glass Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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53.58

52.40

26.93

17.41

14.63

Vitreous Glass Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															24.51	15.80	15.81	16.71	19.06

Competitive Comparison of Vitreous Glass's Days Sales Outstanding

For the Waste Management subindustry, Vitreous Glass'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.

Vitreous Glass's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Days Sales Outstanding distribution charts can be found below:

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

Vitreous Glass 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.

Vitreous Glass's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.47	+	0.347)	/	2 )	/	10.191	*	365
=	0.4085					/	10.191	*	365
=	14.63

Vitreous Glass'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
=	( (0.511	+	0.509)	/	2 )	/	2.441	*	365 / 4
=	0.51					/	2.441	*	365 / 4
=	19.06

Vitreous Glass (TSXV:VCI) Days Sales Outstanding Explanation

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

Vitreous Glass Days Sales Outstanding Related Terms

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Vitreous Glass (TSXV:VCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vitreous Glass Inc (TSXV:VCI) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

VCIGF:USA

Address

212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5

Website

https://www.vitreousglass.ca

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers.

Executives

Timothy Howard Rendell

Senior Officer

Vitreous Glass (TSXV:VCI) Headlines

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