TerrAscend (TSX:TSND) Days Sales Outstanding : 22.36 (As of Dec. 2023)

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What is TerrAscend Days Sales Outstanding?

TerrAscend's average Accounts Receivable for the three months ended in Dec. 2023 was C$28.5 Mil. TerrAscend's Revenue for the three months ended in Dec. 2023 was C$116.1 Mil. Hence, TerrAscend's Days Sales Outstanding for the three months ended in Dec. 2023 was 22.36.

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

TSX:TSND' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.79 Med: 22.27 Max: 290.96
Current: 16.79

During the past 8 years, TerrAscend's highest Days Sales Outstanding was 290.96. The lowest was 16.79. And the median was 22.27.

TSX:TSND's Days Sales Outstanding is ranked better than
93.71% of 1001 companies
in the Drug Manufacturers industry
Industry Median: 71.68 vs TSX:TSND: 16.79

TerrAscend's Days Sales Outstanding increased from Dec. 2022 (21.59) to Dec. 2023 (22.36).

TerrAscend Days Sales Outstanding Historical Data

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

TerrAscend Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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23.43

20.57

21.11

19.08

24.95

TerrAscend 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															21.59	14.59	10.19	11.30	22.36

Competitive Comparison of TerrAscend's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, TerrAscend'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.

TerrAscend's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

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

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

TerrAscend 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.

TerrAscend'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
=	( (20.087	+	38.105)	/	2 )	/	425.727	*	365
=	29.096					/	425.727	*	365
=	24.95

TerrAscend'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
=	( (18.805	+	38.105)	/	2 )	/	116.137	*	365 / 4
=	28.455					/	116.137	*	365 / 4
=	22.36

TerrAscend (TSX:TSND) Days Sales Outstanding Explanation

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

TerrAscend Days Sales Outstanding Related Terms

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TerrAscend (TSX:TSND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TerrAscend Corp (TSX:TSND) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

TSNDF:USA TED:Germany

Address

3610 Mavis Road, Mississauga, ON, CAN, L5C 1W2

Website

https://www.terrascend.com

TerrAscend Corp is a company focused on creating and delivering quality cannabis products and services that meet the evolving needs of patients. It also provides education and support programs to physicians and patients through healthcare professionals. It has one operating segment, being cultivation, production, and sale of cannabis products, with subsidiaries located in Canada and the United States.

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