Thinkific Labs (TSX:THNC) Days Sales Outstanding : 17.63 (As of Mar. 2024)

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What is Thinkific Labs Days Sales Outstanding?

Thinkific Labs's average Accounts Receivable for the three months ended in Mar. 2024 was C$4.17 Mil. Thinkific Labs's Revenue for the three months ended in Mar. 2024 was C$21.61 Mil. Hence, Thinkific Labs's Days Sales Outstanding for the three months ended in Mar. 2024 was 17.63.

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

TSX:THNC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.71 Med: 9.89 Max: 16.93
Current: 16.93

During the past 6 years, Thinkific Labs's highest Days Sales Outstanding was 16.93. The lowest was 8.71. And the median was 9.89.

TSX:THNC's Days Sales Outstanding is ranked better than
93.37% of 2728 companies
in the Software industry
Industry Median: 61.85 vs TSX:THNC: 16.93

Thinkific Labs's Days Sales Outstanding increased from Mar. 2023 (15.14) to Mar. 2024 (17.63).

Thinkific Labs Days Sales Outstanding Historical Data

The historical data trend for Thinkific Labs'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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Thinkific Labs Days Sales Outstanding Chart

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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8.71

8.87

9.89

12.45

16.16

Thinkific Labs Quarterly Data
	Dec18	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														15.14	15.85	16.64	17.18	17.63

Competitive Comparison of Thinkific Labs's Days Sales Outstanding

For the Software - Application subindustry, Thinkific Labs'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.

Thinkific Labs's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Thinkific Labs's Days Sales Outstanding distribution charts can be found below:

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

Thinkific Labs 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.

Thinkific Labs'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
=	( (3.131	+	3.883)	/	2 )	/	79.227	*	365
=	3.507					/	79.227	*	365
=	16.16

Thinkific Labs'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
=	( (3.883	+	4.466)	/	2 )	/	21.609	*	365 / 4
=	4.1745					/	21.609	*	365 / 4
=	17.63

Thinkific Labs (TSX:THNC) Days Sales Outstanding Explanation

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

Thinkific Labs Days Sales Outstanding Related Terms

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Thinkific Labs (TSX:THNC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinkific Labs Inc (TSX:THNC) » Definitions » Days Sales Outstanding

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THNCF:USA 5S0:Germany

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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