CO2 Gro (TSXV:GROW) Days Sales Outstanding : 46.91 (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

What is CO2 Gro Days Sales Outstanding?

CO2 Gro's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.15 Mil. CO2 Gro's Revenue for the three months ended in Sep. 2023 was C$0.28 Mil. Hence, CO2 Gro's Days Sales Outstanding for the three months ended in Sep. 2023 was 46.91.

The historical rank and industry rank for CO2 Gro's Days Sales Outstanding or its related term are showing as below:

TSXV:GROW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.08 Med: 70.32 Max: 232.27
Current: 137.83

During the past 12 years, CO2 Gro's highest Days Sales Outstanding was 232.27. The lowest was 28.08. And the median was 70.32.

TSXV:GROW's Days Sales Outstanding is ranked worse than
83.83% of 235 companies
in the Agriculture industry
Industry Median: 74.65 vs TSXV:GROW: 137.83

CO2 Gro's Days Sales Outstanding increased from Jun. 2022 (0.00) to Sep. 2023 (46.91).

Warning Sign:

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

CO2 Gro Days Sales Outstanding Historical Data

The historical data trend for CO2 Gro'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.

CO2 Gro Days Sales Outstanding Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

Get a 7-Day Free Trial

232.27

28.08

53.55

87.09

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															-	57.65	153.32	650.92	46.91

Competitive Comparison of CO2 Gro's Days Sales Outstanding

For the Agricultural Inputs subindustry, CO2 Gro'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.

CO2 Gro's Days Sales Outstanding Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CO2 Gro's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CO2 Gro's Days Sales Outstanding falls into.

CO2 Gro 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.

CO2 Gro's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.038	+	0.098)	/	2 )	/	0.285	*	365
=	0.068					/	0.285	*	365
=	87.09

CO2 Gro's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.116	+	0.175)	/	2 )	/	0.283	*	365 / 4
=	0.1455					/	0.283	*	365 / 4
=	46.91

CO2 Gro (TSXV:GROW) Days Sales Outstanding Explanation

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

CO2 Gro Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of CO2 Gro's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

CO2 Gro (TSXV:GROW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (TSXV:GROW) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

BLONF:USA

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.

Executives

Stephen Mark Gledhill

Senior Officer