Icecure Medical (Icecure Medical) Days Sales Outstanding : 7.67 (As of Dec. 2023)

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What is Icecure Medical Days Sales Outstanding?

Icecure Medical's average Accounts Receivable for the three months ended in Dec. 2023 was $0.11 Mil. Icecure Medical's Revenue for the three months ended in Dec. 2023 was $1.26 Mil. Hence, Icecure Medical's Days Sales Outstanding for the three months ended in Dec. 2023 was 7.67.

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

ICCM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.24 Med: 22.97 Max: 44.39
Current: 12.43

During the past 11 years, Icecure Medical's highest Days Sales Outstanding was 44.39. The lowest was 5.24. And the median was 22.97.

ICCM's Days Sales Outstanding is ranked better than
96.66% of 808 companies
in the Medical Devices & Instruments industry
Industry Median: 64.725 vs ICCM: 12.43

Icecure Medical's Days Sales Outstanding declined from Dec. 2022 (13.31) to Dec. 2023 (7.67).

Icecure Medical Days Sales Outstanding Historical Data

The historical data trend for Icecure Medical'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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Icecure Medical Days Sales Outstanding Chart

Icecure Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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21.68

5.24

24.26

31.59

10.23

Icecure Medical Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															13.31	14.20	12.71	31.53	7.67

Competitive Comparison of Icecure Medical's Days Sales Outstanding

For the Medical Devices subindustry, Icecure Medical'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.

Icecure Medical's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Icecure Medical's Days Sales Outstanding distribution charts can be found below:

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

Icecure Medical 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.

Icecure Medical'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
=	( (0.078	+	0.103)	/	2 )	/	3.229	*	365
=	0.0905					/	3.229	*	365
=	10.23

Icecure Medical'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
=	( (0.108	+	0.103)	/	2 )	/	1.255	*	365 / 4
=	0.1055					/	1.255	*	365 / 4
=	7.67

Icecure Medical (NAS:ICCM) Days Sales Outstanding Explanation

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

Icecure Medical Days Sales Outstanding Related Terms

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Icecure Medical (Icecure Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Icecure Medical Ltd (NAS:ICCM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Haeshel Street, Southern Industrial Park, PO Box 3163, Caesarea, ISR, 3079504

Website

https://www.icecure-medical.com

Icecure Medical Ltd is a commercial-stage medical device company. The company is engaged in the research, development, and marketing of cryoablation systems and technologies based on liquid nitrogen, or LN2, for treating tumors. Its cryoablation technology is a minimally invasive alternative to surgical intervention, for tumors, including those found in the breast, lungs, kidneys, bones, and other indications.