K-Bro Linen (TSX:KBL) Days Sales Outstanding : 55.15 (As of Mar. 2024)

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What is K-Bro Linen Days Sales Outstanding?

K-Bro Linen's average Accounts Receivable for the three months ended in Mar. 2024 was C$48.5 Mil. K-Bro Linen's Revenue for the three months ended in Mar. 2024 was C$80.2 Mil. Hence, K-Bro Linen's Days Sales Outstanding for the three months ended in Mar. 2024 was 55.15.

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

TSX:KBL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.05 Med: 49.35 Max: 58.49
Current: 51.07

During the past 13 years, K-Bro Linen's highest Days Sales Outstanding was 58.49. The lowest was 40.05. And the median was 49.35.

TSX:KBL's Days Sales Outstanding is ranked better than
59.32% of 1035 companies
in the Business Services industry
Industry Median: 58.72 vs TSX:KBL: 51.07

K-Bro Linen's Days Sales Outstanding increased from Mar. 2023 (49.01) to Mar. 2024 (55.15).

K-Bro Linen Days Sales Outstanding Historical Data

The historical data trend for K-Bro Linen'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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K-Bro Linen Days Sales Outstanding Chart

K-Bro Linen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.48

58.49

52.92

49.22

50.09

K-Bro Linen Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															49.01	49.43	50.34	53.64	55.15

Competitive Comparison of K-Bro Linen's Days Sales Outstanding

For the Specialty Business Services subindustry, K-Bro Linen'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.

K-Bro Linen's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, K-Bro Linen's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where K-Bro Linen's Days Sales Outstanding falls into.

K-Bro Linen 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.

K-Bro Linen'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
=	( (37.761	+	50.306)	/	2 )	/	320.884	*	365
=	44.0335					/	320.884	*	365
=	50.09

K-Bro Linen's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (50.306	+	46.662)	/	2 )	/	80.227	*	365 / 4
=	48.484					/	80.227	*	365 / 4
=	55.15

K-Bro Linen (TSX:KBL) Days Sales Outstanding Explanation

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

K-Bro Linen Days Sales Outstanding Related Terms

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K-Bro Linen (TSX:KBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » K-Bro Linen Inc (TSX:KBL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

KBRLF:USA

Address

14903-137 Avenue N.W., Edmonton, AB, CAN, T5V 1R9

Website

https://www.k-brolinen.com

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.

Executives

K-bro Linen Inc.

Issuer

K-Bro Linen (TSX:KBL) Headlines

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