Omni-Lite Industries Canada (TSXV:OML) Days Sales Outstanding : 53.32 (As of Mar. 2024)

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What is Omni-Lite Industries Canada Days Sales Outstanding?

Omni-Lite Industries Canada's average Accounts Receivable for the three months ended in Mar. 2024 was C$3.39 Mil. Omni-Lite Industries Canada's Revenue for the three months ended in Mar. 2024 was C$5.80 Mil. Hence, Omni-Lite Industries Canada's Days Sales Outstanding for the three months ended in Mar. 2024 was 53.32.

The historical rank and industry rank for Omni-Lite Industries Canada's Days Sales Outstanding or its related term are showing as below:

TSXV:OML' s Days Sales Outstanding Range Over the Past 10 Years
Min: 49.15 Med: 63.9 Max: 105.44
Current: 58.34

During the past 13 years, Omni-Lite Industries Canada's highest Days Sales Outstanding was 105.44. The lowest was 49.15. And the median was 63.90.

TSXV:OML's Days Sales Outstanding is ranked better than
73.61% of 2960 companies
in the Industrial Products industry
Industry Median: 79.93 vs TSXV:OML: 58.34

Omni-Lite Industries Canada's Days Sales Outstanding declined from Mar. 2023 (70.69) to Mar. 2024 (53.32).

Omni-Lite Industries Canada Days Sales Outstanding Historical Data

The historical data trend for Omni-Lite Industries Canada'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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Omni-Lite Industries Canada Days Sales Outstanding Chart

Omni-Lite Industries Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.15

64.69

105.44

73.48

66.52

Omni-Lite Industries Canada 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															70.69	60.51	56.10	60.13	53.32

Competitive Comparison of Omni-Lite Industries Canada's Days Sales Outstanding

For the Metal Fabrication subindustry, Omni-Lite Industries Canada'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.

Omni-Lite Industries Canada's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Omni-Lite Industries Canada's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Omni-Lite Industries Canada's Days Sales Outstanding falls into.

Omni-Lite Industries Canada 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.

Omni-Lite Industries Canada'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
=	( (3.081	+	2.986)	/	2 )	/	16.645	*	365
=	3.0335					/	16.645	*	365
=	66.52

Omni-Lite Industries Canada'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
=	( (2.986	+	3.794)	/	2 )	/	5.802	*	365 / 4
=	3.39					/	5.802	*	365 / 4
=	53.32

Omni-Lite Industries Canada (TSXV:OML) Days Sales Outstanding Explanation

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

Omni-Lite Industries Canada Days Sales Outstanding Related Terms

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Omni-Lite Industries Canada (TSXV:OML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omni-Lite Industries Canada Inc (TSXV:OML) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

OLNCF:USA

Address

902-18 King Street East, Toronto, ON, CAN, M5C 1C4

Website

https://www.omni-lite.com

Omni-Lite Industries Canada Inc is a developer and manufacturer of precision components, with the use of advanced composite materials and cold forging techniques, for mission-critical applications. The company's products have application in various sectors including aerospace, military, specialty automotive and sports and recreational industries. Its geographical areas of operations are in the United States, Canada, and Barbados, of which key revenue is generated from the United States.

Executives

Michael Kenneth Walker

Senior Officer

Omni-Lite Industries Canada (TSXV:OML) Headlines

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