Nextleaf Solutions (XCNQ:OILS) Days Sales Outstanding : 55.04 (As of Dec. 2023)

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What is Nextleaf Solutions Days Sales Outstanding?

Nextleaf Solutions's average Accounts Receivable for the three months ended in Dec. 2023 was C$1.93 Mil. Nextleaf Solutions's Revenue for the three months ended in Dec. 2023 was C$3.20 Mil. Hence, Nextleaf Solutions's Days Sales Outstanding for the three months ended in Dec. 2023 was 55.04.

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

XCNQ:OILS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.65 Med: 70.68 Max: 401.5
Current: 105.69

During the past 7 years, Nextleaf Solutions's highest Days Sales Outstanding was 401.50. The lowest was 52.65. And the median was 70.68.

XCNQ:OILS's Days Sales Outstanding is ranked worse than
77.51% of 996 companies
in the Drug Manufacturers industry
Industry Median: 72.035 vs XCNQ:OILS: 105.69

Nextleaf Solutions's Days Sales Outstanding declined from Sep. 2022 (88.55) to Dec. 2023 (55.04).

Nextleaf Solutions Days Sales Outstanding Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions Days Sales Outstanding Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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145.26

62.92

70.68

52.65

Nextleaf Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															88.55	67.19	49.61	-	55.04

Competitive Comparison of Nextleaf Solutions's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Nextleaf Solutions'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.

Nextleaf Solutions's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Nextleaf Solutions's Days Sales Outstanding falls into.

Nextleaf Solutions 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.

Nextleaf Solutions's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.818	+	1.542)	/	2 )	/	8.18	*	365
=	1.18					/	8.18	*	365
=	52.65

Nextleaf Solutions'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
=	( (1.542	+	2.323)	/	2 )	/	3.204	*	365 / 4
=	1.9325					/	3.204	*	365 / 4
=	55.04

Nextleaf Solutions (XCNQ:OILS) Days Sales Outstanding Explanation

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

Nextleaf Solutions Days Sales Outstanding Related Terms

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Nextleaf Solutions (XCNQ:OILS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (XCNQ:OILS) » Definitions » Days Sales Outstanding

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OILFF:USA

Address

68 Water Street, Suite 304, Vancouver, BC, CAN, V6B 1A4

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.

Executives

Emma Jane Andrews

Senior Officer

Nextleaf Solutions (XCNQ:OILS) Headlines

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