SPARQ Systems (TSXV:SPRQ) Days Sales Outstanding : 4,638.54 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is SPARQ Systems Days Sales Outstanding?

SPARQ Systems's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.15 Mil. SPARQ Systems's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. Hence, SPARQ Systems's Days Sales Outstanding for the three months ended in Mar. 2024 was 4,638.54.

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

TSXV:SPRQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 138.96 Med: 146.96 Max: 71357.5
Current: 284.81

During the past 6 years, SPARQ Systems's highest Days Sales Outstanding was 71357.50. The lowest was 138.96. And the median was 146.96.

TSXV:SPRQ's Days Sales Outstanding is ranked worse than
97.55% of 981 companies
in the Semiconductors industry
Industry Median: 62.65 vs TSXV:SPRQ: 284.81

SPARQ Systems's Days Sales Outstanding increased from Mar. 2023 (0.00) to Mar. 2024 (4,638.54).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

SPARQ Systems Days Sales Outstanding Historical Data

The historical data trend for SPARQ Systems'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.

* Premium members only.

SPARQ Systems Days Sales Outstanding Chart

SPARQ Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

138.96

71,357.50

146.96

SPARQ Systems Quarterly Data
	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial									-	76.33	-	-	4,638.54

Competitive Comparison of SPARQ Systems's Days Sales Outstanding

For the Solar subindustry, SPARQ Systems'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.

SPARQ Systems's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SPARQ Systems's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where SPARQ Systems's Days Sales Outstanding falls into.

SPARQ Systems 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.

SPARQ Systems'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
=	( (0.007	+	0.146)	/	2 )	/	0.19	*	365
=	0.0765					/	0.19	*	365
=	146.96

SPARQ Systems'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
=	( (0.146	+	0.159)	/	2 )	/	0.003	*	365 / 4
=	0.1525					/	0.003	*	365 / 4
=	4,638.54

SPARQ Systems (TSXV:SPRQ) Days Sales Outstanding Explanation

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

SPARQ Systems Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of SPARQ Systems's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

SPARQ Systems (TSXV:SPRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SPARQ Systems Inc (TSXV:SPRQ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SPRQF:USA

Address

945 Princess Street, Innovation Park, Box 212, Kingston, ON, CAN, K7L 0E9

Website

https://www.sparqsys.com

SPARQ Systems Inc designs and manufactures next-generation single-phase microinverters for residential and commercial solar electric applications. SPARQ has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design & installation and lowering the cost for solar power installations when compared to existing market offerings. The company's microinverter system can be used in any power grid, conventional or smart, around the globe.

SPARQ Systems (TSXV:SPRQ) Headlines

No Headlines