Kanabo Group (LSE:KNB) Days Sales Outstanding : 12.68 (As of Dec. 2023)

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What is Kanabo Group Days Sales Outstanding?

Kanabo Group's average Accounts Receivable for the six months ended in Dec. 2023 was £0.03 Mil. Kanabo Group's Revenue for the six months ended in Dec. 2023 was £0.45 Mil. Hence, Kanabo Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 12.68.

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

LSE:KNB' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.85 Med: 16.04 Max: 50
Current: 14.27

During the past 7 years, Kanabo Group's highest Days Sales Outstanding was 50.00. The lowest was 12.85. And the median was 16.04.

LSE:KNB's Days Sales Outstanding is ranked better than
87.87% of 643 companies
in the Healthcare Providers & Services industry
Industry Median: 46.23 vs LSE:KNB: 14.27

Kanabo Group's Days Sales Outstanding declined from Dec. 2022 (15.29) to Dec. 2023 (12.68).

Kanabo Group Days Sales Outstanding Historical Data

The historical data trend for Kanabo Group'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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Kanabo Group Days Sales Outstanding Chart

Kanabo Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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50.00

16.04

12.85

Kanabo Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								22.03	10.69	15.29	17.27	12.68

Competitive Comparison of Kanabo Group's Days Sales Outstanding

For the Medical Care Facilities subindustry, Kanabo Group'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.

Kanabo Group's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kanabo Group's Days Sales Outstanding distribution charts can be found below:

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

Kanabo Group 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.

Kanabo Group'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
=	( (0.043	+	0.02)	/	2 )	/	0.895	*	365
=	0.0315					/	0.895	*	365
=	12.85

Kanabo Group'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.042	+	0.02)	/	2 )	/	0.446	*	365 / 2
=	0.031					/	0.446	*	365 / 2
=	12.68

Kanabo Group (LSE:KNB) Days Sales Outstanding Explanation

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

Kanabo Group Days Sales Outstanding Related Terms

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Kanabo Group (LSE:KNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kanabo Group PLC (LSE:KNB) » Definitions » Days Sales Outstanding

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3WD:Germany

Address

137-139 Brent Street, Churchill House, London, GBR, NW4 4DJ

Website

https://www.kanabogroup.com

Kanabo Group PLC is a research and development company engaged in selling a range of THC-Free retail CBD products in the markets and it is in the process of developing medical cannabis products. Its reportable segments include Primary Care and Secondary Care. The Primary Care segment includes Tele pharma services provided by GPS and The Secondary Care segment includes the development and distribution of cannabis-derived medical and wellness products. Geographically company has a presence in the United Kingdom, Israel, and others.

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