Tenon Medical (Tenon Medical) Days Sales Outstanding : 69.10 (As of Mar. 2024)

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What is Tenon Medical Days Sales Outstanding?

Tenon Medical's average Accounts Receivable for the three months ended in Mar. 2024 was $0.54 Mil. Tenon Medical's Revenue for the three months ended in Mar. 2024 was $0.72 Mil. Hence, Tenon Medical's Days Sales Outstanding for the three months ended in Mar. 2024 was 69.10.

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

TNON' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.5 Med: 91.48 Max: 116.14
Current: 63.12

During the past 4 years, Tenon Medical's highest Days Sales Outstanding was 116.14. The lowest was 46.50. And the median was 91.48.

TNON's Days Sales Outstanding is ranked better than
53.94% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 64.325 vs TNON: 63.12

Tenon Medical's Days Sales Outstanding increased from Mar. 2023 (57.32) to Mar. 2024 (69.10).

Tenon Medical Days Sales Outstanding Historical Data

The historical data trend for Tenon 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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Tenon Medical Days Sales Outstanding Chart

Tenon Medical Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

116.14

102.66

80.29

46.50

Tenon Medical Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial									57.32	56.31	66.41	72.90	69.10

Competitive Comparison of Tenon Medical's Days Sales Outstanding

For the Medical Devices subindustry, Tenon 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.

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

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

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

Tenon 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.

Tenon 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
=	( (0.228	+	0.518)	/	2 )	/	2.928	*	365
=	0.373					/	2.928	*	365
=	46.50

Tenon Medical's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.518	+	0.571)	/	2 )	/	0.719	*	365 / 4
=	0.5445					/	0.719	*	365 / 4
=	69.10

Tenon Medical (NAS:TNON) Days Sales Outstanding Explanation

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

Tenon Medical Days Sales Outstanding Related Terms

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Tenon Medical (Tenon Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tenon Medical Inc (NAS:TNON) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

104 Cooper Court, Los Gatos, CA, USA, 95032

Website

https://www.tenonmed.com

Tenon Medical Inc is a medical device company that has developed a novel, minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.

Executives

Van Dick Steven M	officer: Chief Financial Officer	HANSEN MEDICAL, INC., 380 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Richard Ginn	director, officer: Chief Technology Officer	104 COOPER COURT, LOS GATOS CA 95032
Steven M Foster	director, officer: CEO and President	104 COOPER COURT, LOS GATOS CA 95032
Stephen Hochschuler	director	C/O TENON MEDICAL, INC., 104 COOPER COURT, LOS GATOS CA 95032
Frank M Fischer	director	9701 JERONIMO, IRVINE CA 92618
Richard M Ferrari	director	2118 WALSH AVENUE, SUITE 210, SANTA CLARA CA 95050
Ivan Howard	director	104 COOPER COURT, LOS GATOS CA 95032
Robert K Weigle	director	104 COOPER COURT, LOS GATOS CA 95032
Ventures Ag Zuhlke	10 percent owner	ZURCHERSTRASSE 39J, SCHLIEREN V8 8952