Innovative Designs (Innovative Designs) Days Sales Outstanding : 28.34 (As of Jan. 2024)

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What is Innovative Designs Days Sales Outstanding?

Innovative Designs's average Accounts Receivable for the three months ended in Jan. 2024 was $0.02 Mil. Innovative Designs's Revenue for the three months ended in Jan. 2024 was $0.07 Mil. Hence, Innovative Designs's Days Sales Outstanding for the three months ended in Jan. 2024 was 28.34.

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

IVDN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.46 Med: 25.25 Max: 47.9
Current: 13.61

During the past 13 years, Innovative Designs's highest Days Sales Outstanding was 47.90. The lowest was 8.46. And the median was 25.25.

IVDN's Days Sales Outstanding is ranked better than
55.61% of 1079 companies
in the Retail - Cyclical industry
Industry Median: 17.6 vs IVDN: 13.61

Innovative Designs's Days Sales Outstanding increased from Jan. 2023 (12.04) to Jan. 2024 (28.34).

Innovative Designs Days Sales Outstanding Historical Data

The historical data trend for Innovative Designs'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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Innovative Designs Days Sales Outstanding Chart

Innovative Designs Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Sales Outstanding

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16.05

23.49

16.96

8.46

22.03

Innovative Designs Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Sales Outstanding	Get a 7-Day Free Trial															12.04	16.90	1.46	22.81	28.34

Competitive Comparison of Innovative Designs's Days Sales Outstanding

For the Apparel Retail subindustry, Innovative Designs'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.

Innovative Designs's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovative Designs's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Innovative Designs's Days Sales Outstanding falls into.

Innovative Designs 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.

Innovative Designs's Days Sales Outstanding for the fiscal year that ended in Oct. 2023 is calculated as

	Days Sales Outstanding (A: Oct. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )	/	Revenue (A: Oct. 2023 )	*	Days in Period
=	( (0.011	+	0.031)	/	2 )	/	0.348	*	365
=	0.021					/	0.348	*	365
=	22.03

Innovative Designs's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding (Q: Jan. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )	/	Revenue (A: Jan. 2024 )	*	Days in Period
=	( (0.031	+	0.01)	/	2 )	/	0.066	*	365 / 4
=	0.0205					/	0.066	*	365 / 4
=	28.34

Innovative Designs (OTCPK:IVDN) Days Sales Outstanding Explanation

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

Innovative Designs Days Sales Outstanding Related Terms

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Innovative Designs (Innovative Designs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovative Designs Inc (OTCPK:IVDN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Cherry Street, Pittsburgh, PA, USA, 15223

Website

https://www.idigear.com

Innovative Designs Inc markets cold-weather recreational and industrial clothing products, as well as house wrap, which is made from INSULTEX, a low density foamed polyethylene with buoyancy, scent block and thermal resistant properties. The business activity of the firm is operated through two segments Apparel and Housewrap. The Apparel segment offers a range of cold weather apparel and related items. The Housewrap segment includes its INSULTEX House Wrap and its own seam tape. It generates maximum revenue from the Housewrap segment.

Executives

Robert Kennedy Adams	director	3509 WILLIAM PENN DR., SAN ANTONIO TX 78230
Donald Vincent Garlotta	director	124 CHERRY STREET, PITTSBURGH PA 15223
Joseph Riccelli	director, 10 percent owner, officer: Chief Executive Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean Kolocouris	director	109 FOX PATH, MOON TWP PA 15108
Daniel P Rains	director	2509 WIEWAN ROAD, ALIQUIPPA PA 15001
Robert D Monsour	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Innovative Designs Inc	director	124 CHERRY ST., STE 1, PITTSBURGH PA 15223
Joseph A Riccelli	officer: Vice President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean P Kolocouris	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Frank Riccelli	director, 10 percent owner, officer: President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dominic Cerniglia	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Anthony Fonzi	director, officer: Chief Financial Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215