SLANG Worldwide (XCNQ:SLNG) Days Sales Outstanding : 28.36 (As of Dec. 2023)

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What is SLANG Worldwide Days Sales Outstanding?

SLANG Worldwide's average Accounts Receivable for the three months ended in Dec. 2023 was C$2.28 Mil. SLANG Worldwide's Revenue for the three months ended in Dec. 2023 was C$7.32 Mil. Hence, SLANG Worldwide's Days Sales Outstanding for the three months ended in Dec. 2023 was 28.36.

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

XCNQ:SLNG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.41 Med: 24.68 Max: 82.25
Current: 23.62

During the past 7 years, SLANG Worldwide's highest Days Sales Outstanding was 82.25. The lowest was 23.41. And the median was 24.68.

XCNQ:SLNG's Days Sales Outstanding is ranked better than
91.47% of 996 companies
in the Drug Manufacturers industry
Industry Median: 72.035 vs XCNQ:SLNG: 23.62

SLANG Worldwide's Days Sales Outstanding increased from Dec. 2022 (28.23) to Dec. 2023 (28.36).

SLANG Worldwide Days Sales Outstanding Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide Days Sales Outstanding Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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59.29

82.25

24.66

24.70

23.41

SLANG Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															28.23	21.39	23.45	22.83	28.36

Competitive Comparison of SLANG Worldwide's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.

SLANG Worldwide's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where SLANG Worldwide's Days Sales Outstanding falls into.

SLANG Worldwide 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.

SLANG Worldwide'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
=	( (2.659	+	1.918)	/	2 )	/	35.682	*	365
=	2.2885					/	35.682	*	365
=	23.41

SLANG Worldwide'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
=	( (2.634	+	1.918)	/	2 )	/	7.322	*	365 / 4
=	2.276					/	7.322	*	365 / 4
=	28.36

SLANG Worldwide (XCNQ:SLNG) Days Sales Outstanding Explanation

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

SLANG Worldwide Days Sales Outstanding Related Terms

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SLANG Worldwide (XCNQ:SLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (XCNQ:SLNG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SLGWF:USA

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

Executives

Christopher Lee Driessen

Director, Senior Officer