Envoy Medical (Envoy Medical) Days Sales Outstanding : 85.97 (As of Dec. 2023)

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What is Envoy Medical Days Sales Outstanding?

Envoy Medical's average Accounts Receivable for the three months ended in Dec. 2023 was $0.09 Mil. Envoy Medical's Revenue for the three months ended in Dec. 2023 was $0.10 Mil. Hence, Envoy Medical's Days Sales Outstanding for the three months ended in Dec. 2023 was 85.97.

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

COCH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.11 Med: 99.34 Max: 105.44
Current: 105.44

During the past 3 years, Envoy Medical's highest Days Sales Outstanding was 105.44. The lowest was 64.11. And the median was 99.34.

COCH's Days Sales Outstanding is ranked worse than
81.04% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.21 vs COCH: 105.44

Envoy Medical's Days Sales Outstanding increased from Sep. 2022 (0.00) to Dec. 2023 (85.97).

Warning Sign:

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

Envoy Medical Days Sales Outstanding Historical Data

The historical data trend for Envoy Medical'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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Envoy Medical Days Sales Outstanding Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

103.61

99.34

64.11

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			-	187.06	69.52	93.53	85.97

Competitive Comparison of Envoy Medical's Days Sales Outstanding

For the Medical Devices subindustry, Envoy Medical'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.

Envoy Medical's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Envoy Medical's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Envoy Medical's Days Sales Outstanding falls into.

Envoy Medical 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.

Envoy Medical'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
=	( (0.041	+	0.07)	/	2 )	/	0.316	*	365
=	0.0555					/	0.316	*	365
=	64.11

Envoy Medical'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
=	( (0.109	+	0.07)	/	2 )	/	0.095	*	365 / 4
=	0.0895					/	0.095	*	365 / 4
=	85.97

Envoy Medical (NAS:COCH) Days Sales Outstanding Explanation

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

Envoy Medical Days Sales Outstanding Related Terms

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Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.