Cleantek Industries (TSXV:CTEK) Days Sales Outstanding : 62.88 (As of Mar. 2024)

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What is Cleantek Industries Days Sales Outstanding?

Cleantek Industries's average Accounts Receivable for the three months ended in Mar. 2024 was C$2.53 Mil. Cleantek Industries's Revenue for the three months ended in Mar. 2024 was C$3.67 Mil. Hence, Cleantek Industries's Days Sales Outstanding for the three months ended in Mar. 2024 was 62.88.

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

TSXV:CTEK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 61.78 Med: 66.48 Max: 72.53
Current: 72.53

During the past 4 years, Cleantek Industries's highest Days Sales Outstanding was 72.53. The lowest was 61.78. And the median was 66.48.

TSXV:CTEK's Days Sales Outstanding is ranked better than
57.23% of 2958 companies
in the Industrial Products industry
Industry Median: 79.805 vs TSXV:CTEK: 72.53

Cleantek Industries's Days Sales Outstanding declined from Mar. 2023 (66.70) to Mar. 2024 (62.88).

Cleantek Industries Days Sales Outstanding Historical Data

The historical data trend for Cleantek Industries'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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Cleantek Industries Days Sales Outstanding Chart

Cleantek Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

67.08

68.89

61.78

65.88

Cleantek Industries Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial										66.70	78.53	73.68	79.58	62.88

Competitive Comparison of Cleantek Industries's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Cleantek Industries'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.

Cleantek Industries's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cleantek Industries's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cleantek Industries's Days Sales Outstanding falls into.

Cleantek Industries 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.

Cleantek Industries'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
=	( (2.509	+	2.541)	/	2 )	/	13.989	*	365
=	2.525					/	13.989	*	365
=	65.88

Cleantek Industries'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
=	( (2.541	+	2.517)	/	2 )	/	3.67	*	365 / 4
=	2.529					/	3.67	*	365 / 4
=	62.88

Cleantek Industries (TSXV:CTEK) Days Sales Outstanding Explanation

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

Cleantek Industries Days Sales Outstanding Related Terms

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Cleantek Industries (TSXV:CTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cleantek Industries Inc (TSXV:CTEK) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GLKFF:USA

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.cleantekinc.com

Cleantek Industries Inc is engaged in the manufacturing and rental of equipment to the oil and gas and construction industries in Western Canada and the United States. Its products include ZeroE, Halo, DZeroE, and SolarHybrid.Li, SolarHybrid, and Stadium Lighting among others. The company's revenue is generated primarily from the rental and service of dehydration units, lighting towers, and lighting systems based on fixed or agreed-upon service contracts with the customer.

Executives

Pillarfour Capital Partners Inc.

10% Security Holder