Elray Resources (Elray Resources) Days Sales Outstanding : 414.68 (As of Sep. 2018)

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What is Elray Resources Days Sales Outstanding?

Elray Resources's average Accounts Receivable for the three months ended in Sep. 2018 was $0.41 Mil. Elray Resources's Revenue for the three months ended in Sep. 2018 was $0.09 Mil. Hence, Elray Resources's Days Sales Outstanding for the three months ended in Sep. 2018 was 414.68.

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

ELRA's Days Sales Outstanding is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 29.4
* Ranked among companies with meaningful Days Sales Outstanding only.

Elray Resources's Days Sales Outstanding increased from Sep. 2017 (0.00) to Sep. 2018 (414.68).

Elray Resources Days Sales Outstanding Historical Data

The historical data trend for Elray Resources'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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Elray Resources Days Sales Outstanding Chart

Elray Resources Annual Data

Trend

Mar08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Sales Outstanding

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266.61

10.28

1.75

69.59

Elray Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Sales Outstanding	Get a 7-Day Free Trial															-	128.61	160.76	328.88	414.68

Competitive Comparison of Elray Resources's Days Sales Outstanding

For the Gambling subindustry, Elray Resources'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.

Elray Resources's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Elray Resources's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Elray Resources's Days Sales Outstanding falls into.

Elray Resources 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.

Elray Resources's Days Sales Outstanding for the fiscal year that ended in Dec. 2017 is calculated as

	Days Sales Outstanding (A: Dec. 2017 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )	/	Revenue (A: Dec. 2017 )	*	Days in Period
=	( (0.031	+	0.21)	/	2 )	/	0.632	*	365
=	0.1205					/	0.632	*	365
=	69.59

Elray Resources's Days Sales Outstanding for the quarter that ended in Sep. 2018 is calculated as:

	Days Sales Outstanding (Q: Sep. 2018 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2018 )	+	Accounts Receivable (A: Sep. 2018 ))	/	count )	/	Revenue (A: Sep. 2018 )	*	Days in Period
=	( (0.377	+	0.441)	/	2 )	/	0.09	*	365 / 4
=	0.409					/	0.09	*	365 / 4
=	414.68

Elray Resources (OTCPK:ELRA) Days Sales Outstanding Explanation

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

Elray Resources Days Sales Outstanding Related Terms

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Elray Resources (Elray Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Elray Resources Inc (OTCPK:ELRA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103

Website

http://www.elraygaming.com

Elray Resources Inc is a company engaged in gambling activities. It provides marketing and support for online gaming operations. It has developed and acquired technology that provides marketing tools and customer relationship management systems for online gaming operators. Its software systems automatically decline and deny any gaming requests from within illegal gaming jurisdictions, including the United States, Hong Kong, Singapore, the United Kingdom, France, Italy, and Israel, and prevent any access to the products that it supports from any of these jurisdictions ensuring that residents of these countries cannot participate and are in strict compliance with the laws of these countries.

Executives

Anthony Brian Goodman

director, 10 percent owner, officer: President, CEO

3651 LINDELL RD STE D131, LAS VEGAS NV 89103

Elray Resources (Elray Resources) Headlines

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