Legible (XCNQ:READ) Days Sales Outstanding : 6.52 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Legible Days Sales Outstanding?

Legible's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.00 Mil. Legible's Revenue for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Legible's Days Sales Outstanding for the three months ended in Dec. 2023 was 6.52.

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

XCNQ:READ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0 Med: 0 Max: 17.38
Current: 17.38

During the past 4 years, Legible's highest Days Sales Outstanding was 17.38. The lowest was 0.00. And the median was 0.00.

XCNQ:READ's Days Sales Outstanding is ranked better than
93.55% of 1023 companies
in the Media - Diversified industry
Industry Median: 69.01 vs XCNQ:READ: 17.38

Legible's Days Sales Outstanding declined from Sep. 2022 (79.84) to Dec. 2023 (6.52).

Legible Days Sales Outstanding Historical Data

The historical data trend for Legible'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.

Legible Days Sales Outstanding Chart

Legible Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Days Sales Outstanding

Legible Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial									79.84	26.07	8.30	9.13	6.52

Competitive Comparison of Legible's Days Sales Outstanding

For the Publishing subindustry, Legible'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.

Legible's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's Days Sales Outstanding distribution charts can be found below:

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

Legible 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.

Legible's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.053	*	365
=	0					/	0.053	*	365
=	0.00

Legible'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
=	( (0.001	+	0)	/	1 )	/	0.014	*	365 / 4
=	0.001					/	0.014	*	365 / 4
=	6.52

Legible (XCNQ:READ) Days Sales Outstanding Explanation

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

Legible Days Sales Outstanding Related Terms

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

Legible (XCNQ:READ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (XCNQ:READ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

LEBGF:USA D0T:Germany

Address

2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2

Website

https://www.legible.com/about

Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.

Executives

Angela Jean Doll

Senior Officer

Legible (XCNQ:READ) Headlines

No Headlines