SolarBank (NEOE:SUNN) Days Sales Outstanding : 17.53 (As of Dec. 2023)

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What is SolarBank Days Sales Outstanding?

SolarBank's average Accounts Receivable for the three months ended in Dec. 2023 was C$3.58 Mil. SolarBank's Revenue for the three months ended in Dec. 2023 was C$18.64 Mil. Hence, SolarBank's Days Sales Outstanding for the three months ended in Dec. 2023 was 17.53.

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

NEOE:SUNN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.89 Med: 18.69 Max: 29.53
Current: 29.53

During the past 2 years, SolarBank's highest Days Sales Outstanding was 29.53. The lowest was 13.89. And the median was 18.69.

NEOE:SUNN's Days Sales Outstanding is ranked better than
86% of 407 companies
in the Utilities - Independent Power Producers industry
Industry Median: 65.74 vs NEOE:SUNN: 29.53

SolarBank's Days Sales Outstanding declined from Dec. 2022 (112.85) to Dec. 2023 (17.53).

Warning Sign:

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

SolarBank Days Sales Outstanding Historical Data

The historical data trend for SolarBank'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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SolarBank Days Sales Outstanding Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Days Sales Outstanding

13.89

23.48

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial				112.85	357.19	18.99	34.67	17.53

Competitive Comparison of SolarBank's Days Sales Outstanding

For the Utilities - Renewable subindustry, SolarBank'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.

SolarBank's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SolarBank's Days Sales Outstanding distribution charts can be found below:

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

SolarBank 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.

SolarBank's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.388	+	1.979)	/	2 )	/	18.398	*	365
=	1.1835					/	18.398	*	365
=	23.48

SolarBank'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
=	( (3.857	+	3.305)	/	2 )	/	18.644	*	365 / 4
=	3.581					/	18.644	*	365 / 4
=	17.53

SolarBank (NEOE:SUNN) Days Sales Outstanding Explanation

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

SolarBank Days Sales Outstanding Related Terms

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SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

SolarBank (NEOE:SUNN) Headlines

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