Polaris Renewable Energy (TSX:PIF) Days Sales Outstanding : 56.20 (As of Dec. 2023)

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What is Polaris Renewable Energy Days Sales Outstanding?

Polaris Renewable Energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$15.5 Mil. Polaris Renewable Energy's Revenue for the three months ended in Dec. 2023 was C$25.2 Mil. Hence, Polaris Renewable Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.20.

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

TSX:PIF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.16 Med: 68.89 Max: 88.09
Current: 55.52

During the past 13 years, Polaris Renewable Energy's highest Days Sales Outstanding was 88.09. The lowest was 51.16. And the median was 68.89.

TSX:PIF's Days Sales Outstanding is ranked better than
58.62% of 406 companies
in the Utilities - Independent Power Producers industry
Industry Median: 64.995 vs TSX:PIF: 55.52

Polaris Renewable Energy's Days Sales Outstanding declined from Dec. 2022 (57.36) to Dec. 2023 (56.20).

Polaris Renewable Energy Days Sales Outstanding Historical Data

The historical data trend for Polaris Renewable Energy'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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Polaris Renewable Energy Days Sales Outstanding Chart

Polaris Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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78.98

85.78

88.09

58.38

51.16

Polaris Renewable Energy 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															57.36	52.27	56.48	62.10	56.20

Competitive Comparison of Polaris Renewable Energy's Days Sales Outstanding

For the Utilities - Renewable subindustry, Polaris Renewable Energy'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.

Polaris Renewable Energy's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Polaris Renewable Energy's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Polaris Renewable Energy's Days Sales Outstanding falls into.

Polaris Renewable Energy 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.

Polaris Renewable Energy'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
=	( (15.268	+	14.261)	/	2 )	/	105.345	*	365
=	14.7645					/	105.345	*	365
=	51.16

Polaris Renewable Energy'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
=	( (16.723	+	14.261)	/	2 )	/	25.152	*	365 / 4
=	15.492					/	25.152	*	365 / 4
=	56.20

Polaris Renewable Energy (TSX:PIF) Days Sales Outstanding Explanation

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

Polaris Renewable Energy Days Sales Outstanding Related Terms

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Polaris Renewable Energy (TSX:PIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Polaris Renewable Energy Inc (TSX:PIF) » Definitions » Days Sales Outstanding

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RAMPF:USA N4T:Germany

Address

7 St. Thomas Street, Suite 606, Toronto, ON, CAN, M5S 2B7

Website

https://www.polarisrei.com

Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development and operation of renewable energy projects in the Americas. The Company operates in five reportable operating segments: 1) Nicaragua which includes the acquisition, exploration, development and operation of a geothermal project; 2) Peru which includes the acquisition, exploration, development and operation of hydroelectric projects; 3) Panama which includes acquisition, development and operation of solar projects; 4) Dominican Republic which includes acquisition, development and operation of solar projects; 5) Ecuador which includes acquisition, exploration, development and operation of hydroelectric projects.

Polaris Renewable Energy (TSX:PIF) Headlines

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