Nova Net Lease REIT (XCNQ:NNL.U) Days Sales Outstanding : 0.00 (As of Mar. 2024)

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What is Nova Net Lease REIT Days Sales Outstanding?

Nova Net Lease REIT's average Accounts Receivable for the three months ended in Mar. 2024 was $0.00 Mil. Nova Net Lease REIT's Revenue for the three months ended in Mar. 2024 was $0.39 Mil. Hence, Nova Net Lease REIT's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for Nova Net Lease REIT's Days Sales Outstanding or its related term are showing as below:

During the past 3 years, Nova Net Lease REIT's highest Days Sales Outstanding was 31.45. The lowest was 31.45. And the median was 31.45.

XCNQ:NNL.U's Days Sales Outstanding is not ranked ^*
in the REITs industry.
Industry Median: 23.74
* Ranked among companies with meaningful Days Sales Outstanding only.

Nova Net Lease REIT's Days Sales Outstanding stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Nova Net Lease REIT Days Sales Outstanding Historical Data

The historical data trend for Nova Net Lease REIT'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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Nova Net Lease REIT Days Sales Outstanding Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

31.45

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Nova Net Lease REIT's Days Sales Outstanding

For the REIT - Specialty subindustry, Nova Net Lease REIT'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.

Nova Net Lease REIT's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nova Net Lease REIT's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nova Net Lease REIT's Days Sales Outstanding falls into.

Nova Net Lease REIT 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.

Nova Net Lease REIT'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	+	0)	/	1 )	/	1.556	*	365
=	0					/	1.556	*	365
=	0.00

Nova Net Lease REIT'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	+	0)	/	1 )	/	0.393	*	365 / 4
=	0					/	0.393	*	365 / 4
=	0.00

Nova Net Lease REIT (XCNQ:NNL.U) Days Sales Outstanding Explanation

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

Nova Net Lease REIT Days Sales Outstanding Related Terms

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Nova Net Lease REIT (XCNQ:NNL.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (XCNQ:NNL.U) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NNLRF:USA

Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.

Nova Net Lease REIT (XCNQ:NNL.U) Headlines

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