Trutankless (Trutankless) Days Sales Outstanding : 212.92 (As of Sep. 2023)

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What is Trutankless Days Sales Outstanding?

Trutankless's average Accounts Receivable for the three months ended in Sep. 2023 was $0.01 Mil. Trutankless's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Hence, Trutankless's Days Sales Outstanding for the three months ended in Sep. 2023 was 212.92.

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

TKLS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30 Med: 64.24 Max: 87.13
Current: 44.92

During the past 13 years, Trutankless's highest Days Sales Outstanding was 87.13. The lowest was 30.00. And the median was 64.24.

TKLS's Days Sales Outstanding is ranked better than
82.59% of 2458 companies
in the Hardware industry
Industry Median: 74.995 vs TKLS: 44.92

Trutankless's Days Sales Outstanding increased from Sep. 2022 (73.00) to Sep. 2023 (212.92).

Trutankless Days Sales Outstanding Historical Data

The historical data trend for Trutankless'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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Trutankless Days Sales Outstanding Chart

Trutankless Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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40.70

46.27

41.75

85.32

30.00

Trutankless Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															73.00	10.46	638.75	-	212.92

Competitive Comparison of Trutankless's Days Sales Outstanding

For the Consumer Electronics subindustry, Trutankless'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.

Trutankless's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trutankless's Days Sales Outstanding distribution charts can be found below:

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

Trutankless 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.

Trutankless's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.005	+	0.007)	/	2 )	/	0.073	*	365
=	0.006					/	0.073	*	365
=	30.00

Trutankless's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.007	+	0.007)	/	2 )	/	0.003	*	365 / 4
=	0.007					/	0.003	*	365 / 4
=	212.92

Trutankless (OTCPK:TKLS) Days Sales Outstanding Explanation

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

Trutankless Days Sales Outstanding Related Terms

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Trutankless (Trutankless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trutankless Inc (OTCPK:TKLS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260

Website

https://trutankless.com

Trutankless Inc is engaged in manufacturing electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability, and environmental sustainability. The company anticipates its second generation Trutankless water heaters, with Wi-Fi, Bluetooth, and Zigbee capabilities to help modernize the water heating industry. The Trutankless brand mission is to apply smart engineering to forward-thinking technologies that save customers money, energy, and space.

Executives

Buit Right Holdings, Llc	10 percent owner	8790 E. VIA DE VENTURA, SUITE 4640, SCOTTSDALE AZ 85258
Michael Stebbins	director	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254
Robertson J Orr	director, officer: President & CEO	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254