Canopy Growth (TSX:WEED) Days Sales Outstanding : 61.31 (As of Dec. 2023)

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What is Canopy Growth Days Sales Outstanding?

Canopy Growth's average Accounts Receivable for the three months ended in Dec. 2023 was C$52.7 Mil. Canopy Growth's Revenue for the three months ended in Dec. 2023 was C$78.5 Mil. Hence, Canopy Growth's Days Sales Outstanding for the three months ended in Dec. 2023 was 61.31.

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

TSX:WEED' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.86 Med: 48.39 Max: 64.75
Current: 64.75

During the past 13 years, Canopy Growth's highest Days Sales Outstanding was 64.75. The lowest was 17.86. And the median was 48.39.

TSX:WEED's Days Sales Outstanding is ranked better than
57.2% of 1000 companies
in the Drug Manufacturers industry
Industry Median: 72.34 vs TSX:WEED: 64.75

Canopy Growth's Days Sales Outstanding declined from Dec. 2022 (94.85) to Dec. 2023 (61.31).

Canopy Growth Days Sales Outstanding Historical Data

The historical data trend for Canopy Growth'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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Canopy Growth Days Sales Outstanding Chart

Canopy Growth Annual Data

Trend

Jul13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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54.58

51.71

39.49

48.39

61.16

Canopy Growth 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															94.85	50.33	66.85	96.39	61.31

Competitive Comparison of Canopy Growth's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Canopy Growth'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.

Canopy Growth's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Canopy Growth's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Canopy Growth's Days Sales Outstanding falls into.

Canopy Growth 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.

Canopy Growth's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (68.197	+	66.82)	/	2 )	/	402.904	*	365
=	67.5085					/	402.904	*	365
=	61.16

Canopy Growth'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
=	( (54.537	+	50.957)	/	2 )	/	78.505	*	365 / 4
=	52.747					/	78.505	*	365 / 4
=	61.31

Canopy Growth (TSX:WEED) Days Sales Outstanding Explanation

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

Canopy Growth Days Sales Outstanding Related Terms

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Canopy Growth (TSX:WEED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canopy Growth Corp (TSX:WEED) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CGC:USA 11L:Germany

Address

1 Hershey Drive, Smiths Falls, ON, CAN, K7A 0A8

Website

https://www.canopygrowth.com

Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include sports drink BioSteel, skincare products under This Works, Martha Stewart CBD, and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S. assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.