Titan Environmental Solutions (Titan Environmental Solutions) Days Sales Outstanding : 48.04 (As of Dec. 2023)

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What is Titan Environmental Solutions Days Sales Outstanding?

Titan Environmental Solutions's average Accounts Receivable for the three months ended in Dec. 2023 was $1.08 Mil. Titan Environmental Solutions's Revenue for the three months ended in Dec. 2023 was $2.06 Mil. Hence, Titan Environmental Solutions's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.04.

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

TESI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.12 Med: 36.86 Max: 203.1
Current: 40.48

During the past 7 years, Titan Environmental Solutions's highest Days Sales Outstanding was 203.10. The lowest was 15.12. And the median was 36.86.

TESI's Days Sales Outstanding is ranked better than
81.9% of 232 companies
in the Waste Management industry
Industry Median: 70.245 vs TESI: 40.48

Titan Environmental Solutions's Days Sales Outstanding increased from Dec. 2022 (32.52) to Dec. 2023 (48.04).

Titan Environmental Solutions Days Sales Outstanding Historical Data

The historical data trend for Titan Environmental Solutions'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.

* Premium members only.

Titan Environmental Solutions Days Sales Outstanding Chart

Titan Environmental Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

164.28

203.10

38.08

35.64

Titan Environmental Solutions 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															32.52	409.92	23.77	36.40	48.04

Competitive Comparison of Titan Environmental Solutions's Days Sales Outstanding

For the Waste Management subindustry, Titan Environmental Solutions'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.

Titan Environmental Solutions's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Titan Environmental Solutions's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Titan Environmental Solutions's Days Sales Outstanding falls into.

Titan Environmental Solutions 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.

Titan Environmental Solutions'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
=	( (0.518	+	0.971)	/	2 )	/	7.625	*	365
=	0.7445					/	7.625	*	365
=	35.64

Titan Environmental Solutions'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
=	( (1.194	+	0.971)	/	2 )	/	2.056	*	365 / 4
=	1.0825					/	2.056	*	365 / 4
=	48.04

Titan Environmental Solutions (OTCPK:TESI) Days Sales Outstanding Explanation

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

Titan Environmental Solutions Days Sales Outstanding Related Terms

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Titan Environmental Solutions (Titan Environmental Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Titan Environmental Solutions Inc (OTCPK:TESI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

14205 SE 36th Street, Suite 100, Bellevue, WA, USA, 98006

Website

https://www.traqiq.com

Titan Environmental Solutions Inc is a integrated providing company that provides non-hazardous solid waste and recycling collection, transportation, transfer and disposal services. It also provides technology-enabled solutions for food waste processing, including onsite digesters for food waste, together with cloud-based software tracking and analytics solutions.

Executives

Eleven 11 Management Llc	10 percent owner	156 W. SADDLE RIVER ROAD, SADDLE RIVER NJ 07458
Jeffrey John Rizzo	director, 10 percent owner, officer: Chief Operating Officer	1931 AUSTIN DRIVE, TROY MI 48083
Michelle Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michelle M. Rizzo Trust, Dated January 17, 2009	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn D. Rizzo Trust, Dated April 23, 2010, As Amended	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan 5, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan Holdings 2, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michael Jansen	officer: Chief Financial Officer	1931 AUSTIN DRIVE, TROY MI 48083
Glen Martin Miller	director, officer: Chief Executive Officer	1931 AUSTIN DRIVE, TROY MI 48083
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Sandeep Soni	officer: President of Kringle.ai	515 OCEAN AVENUE, UNIT 401N, SANTA MONICA CA 90402
Lathika Regunathan	officer: President of Mimo Technologies	A 847, GROUND FLOOR, LAVY PINTO BLOCK,, ASIAN GAMES VILLAGE, NEW DELHI K7 110049
Michael H Pollack	officer: Interim CFO	114 WEST 47TH STREET, 19TH FLOOR, NEW YORK NY 10036
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540