Worksport (Worksport) Days Sales Outstanding : 53.35 (As of Dec. 2023)

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What is Worksport Days Sales Outstanding?

Worksport's average Accounts Receivable for the three months ended in Dec. 2023 was $0.49 Mil. Worksport's Revenue for the three months ended in Dec. 2023 was $0.84 Mil. Hence, Worksport's Days Sales Outstanding for the three months ended in Dec. 2023 was 53.35.

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

WKSP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.16 Med: 89.48 Max: 196.54
Current: 70.23

During the past 13 years, Worksport's highest Days Sales Outstanding was 196.54. The lowest was 6.16. And the median was 89.48.

WKSP's Days Sales Outstanding is ranked worse than
62.13% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 60.785 vs WKSP: 70.23

Worksport's Days Sales Outstanding declined from Dec. 2022 (147.40) to Dec. 2023 (53.35).

Worksport Days Sales Outstanding Historical Data

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

Worksport Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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6.16

66.46

111.66

196.54

62.74

Worksport 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															147.40	233.83	97.41	84.08	53.35

Competitive Comparison of Worksport's Days Sales Outstanding

For the Auto Parts subindustry, Worksport'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.

Worksport's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Worksport's Days Sales Outstanding distribution charts can be found below:

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

Worksport 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.

Worksport'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
=	( (0.063	+	0.463)	/	2 )	/	1.53	*	365
=	0.263					/	1.53	*	365
=	62.74

Worksport'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
=	( (0.518	+	0.463)	/	2 )	/	0.839	*	365 / 4
=	0.4905					/	0.839	*	365 / 4
=	53.35

Worksport (NAS:WKSP) Days Sales Outstanding Explanation

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

Worksport Days Sales Outstanding Related Terms

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

Worksport (Worksport) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Worksport Ltd (NAS:WKSP) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

55G East Beaver Creek Road, Richmond Hill, ON, CAN, L4B 1E5

Website

https://www.worksport.com

Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.

Executives

Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
William J Caragol	director	1690 SOUTH CONGRESS AVENUE, SUITE 200, DELRAY BEACH FL 33445
Craig William Loverock	director	48 UNION AVE, PORT PERRY A6 L9L 1G2
Michael D Johnston	officer: Chief Financial Officer	340 RICHMOND STREET WEST, TORONTO Z4 MSV 1X2
Lorenzo Rossi	director, officer: Treasurer	1895 CLEMENTS ROAD, SUITE 155, PICKERING A6 M1P 4Y9
Steven Raivio	director, officer: COO, Secretary	8820 JANE STREET, VAUGHAN A6 L4K 2M9
Steven F. Rossi	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 M1P 4Y9
Truxmart Ltd.	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 MIP 4Y9
Mathis Family Partners Ltd.	10 percent owner	2560 W. MAIN STREET, SUITE 200, LITTLETON CO 80120
Lazzeri Family Trust, Robert Lazzeri, Trustee	10 percent owner	5046 CHRISTENSEN DRIVE, LITTLETON CO 80123
Earnco M.p.p.p.	10 percent owner	2560 W MAIN ST, STE 200, LITTLETON CO 80120
Lazzeri Equity Partners 401k Plan	10 percent owner	2560 W MAIN STREET, SUITE 200, LITTLETON CO 80120
A. J. Boisdrenghien	director, 10 percent owner, officer: President	5910 SOUTH UNIVERSITY BOULEVARD, C-18, UNIT 165, LITTLETON CO 80121-2800