Olympia Financial Group (TSX:OLY) Days Sales Outstanding : 8.89 (As of Sep. 2023)

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What is Olympia Financial Group Days Sales Outstanding?

Olympia Financial Group's average Accounts Receivable for the three months ended in Sep. 2023 was C$2.46 Mil. Olympia Financial Group's Revenue for the three months ended in Sep. 2023 was C$25.26 Mil. Hence, Olympia Financial Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 8.89.

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

TSX:OLY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.49 Med: 18.08 Max: 43.81
Current: 12.79

During the past 13 years, Olympia Financial Group's highest Days Sales Outstanding was 43.81. The lowest was 8.49. And the median was 18.08.

TSX:OLY's Days Sales Outstanding is ranked better than
83.76% of 511 companies
in the Asset Management industry
Industry Median: 49.9 vs TSX:OLY: 12.79

Olympia Financial Group's Days Sales Outstanding declined from Sep. 2022 (25.74) to Sep. 2023 (8.89).

Olympia Financial Group Days Sales Outstanding Historical Data

The historical data trend for Olympia Financial 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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Olympia Financial Group Days Sales Outstanding Chart

Olympia Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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13.76

20.56

22.47

21.51

15.60

Olympia Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															25.74	15.82	14.11	13.56	8.89

Competitive Comparison of Olympia Financial Group's Days Sales Outstanding

For the Asset Management subindustry, Olympia Financial 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.

Olympia Financial Group's Days Sales Outstanding Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Olympia Financial Group's Days Sales Outstanding distribution charts can be found below:

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

Olympia Financial 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.

Olympia Financial Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (2.891	+	3.212)	/	2 )	/	71.382	*	365
=	3.0515					/	71.382	*	365
=	15.60

Olympia Financial Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (3.054	+	1.869)	/	2 )	/	25.258	*	365 / 4
=	2.4615					/	25.258	*	365 / 4
=	8.89

Olympia Financial Group (TSX:OLY) Days Sales Outstanding Explanation

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

Olympia Financial Group Days Sales Outstanding Related Terms

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Olympia Financial Group (TSX:OLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Olympia Financial Group Inc (TSX:OLY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000, 520 - 3rd Avenue SW, Calgary, AB, CAN, T2P 0R3

Website

https://www.olympiafinancial.com

Olympia Financial Group Inc is engaged in providing financial services. The company's operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.

Executives

Rick Skauge

10% Security Holder, Director, Senior Officer

Olympia Financial Group (TSX:OLY) Headlines

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