FRX Innovations (TSXV:FRXI) Days Sales Outstanding : 63.48 (As of Sep. 2023)

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What is FRX Innovations Days Sales Outstanding?

FRX Innovations's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.59 Mil. FRX Innovations's Revenue for the three months ended in Sep. 2023 was C$0.85 Mil. Hence, FRX Innovations's Days Sales Outstanding for the three months ended in Sep. 2023 was 63.48.

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

TSXV:FRXI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.22 Med: 149.82 Max: 169.08
Current: 57.22

During the past 5 years, FRX Innovations's highest Days Sales Outstanding was 169.08. The lowest was 57.22. And the median was 149.82.

TSXV:FRXI's Days Sales Outstanding is ranked better than
58.28% of 1522 companies
in the Chemicals industry
Industry Median: 63.96 vs TSXV:FRXI: 57.22

FRX Innovations's Days Sales Outstanding declined from Sep. 2022 (234.93) to Sep. 2023 (63.48).

FRX Innovations Days Sales Outstanding Historical Data

The historical data trend for FRX Innovations'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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FRX Innovations Days Sales Outstanding Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

133.51

169.08

147.16

152.47

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial									234.93	143.15	70.69	35.41	63.48

Competitive Comparison of FRX Innovations's Days Sales Outstanding

For the Specialty Chemicals subindustry, FRX Innovations'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.

FRX Innovations's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FRX Innovations's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where FRX Innovations's Days Sales Outstanding falls into.

FRX Innovations 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.

FRX Innovations'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
=	( (2.906	+	0.628)	/	2 )	/	4.23	*	365
=	1.767					/	4.23	*	365
=	152.47

FRX Innovations'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
=	( (0.82	+	0.364)	/	2 )	/	0.851	*	365 / 4
=	0.592					/	0.851	*	365 / 4
=	63.48

FRX Innovations (TSXV:FRXI) Days Sales Outstanding Explanation

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

FRX Innovations Days Sales Outstanding Related Terms

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FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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