Trigon Metals (TSXV:TM) Days Sales Outstanding : 6.67 (As of Dec. 2023)

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What is Trigon Metals Days Sales Outstanding?

Trigon Metals's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.56 Mil. Trigon Metals's Revenue for the three months ended in Dec. 2023 was C$7.64 Mil. Hence, Trigon Metals's Days Sales Outstanding for the three months ended in Dec. 2023 was 6.67.

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

TSXV:TM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.64 Med: 12.64 Max: 13.65
Current: 13.65

During the past 13 years, Trigon Metals's highest Days Sales Outstanding was 13.65. The lowest was 12.64. And the median was 12.64.

TSXV:TM's Days Sales Outstanding is ranked better than
77.5% of 791 companies
in the Metals & Mining industry
Industry Median: 42.39 vs TSXV:TM: 13.65

Trigon Metals's Days Sales Outstanding increased from Sep. 2022 (5.39) to Dec. 2023 (6.67).

Trigon Metals Days Sales Outstanding Historical Data

The historical data trend for Trigon Metals'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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Trigon Metals Days Sales Outstanding Chart

Trigon Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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12.64

Trigon Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															5.39	10.51	11.50	-	6.67

Competitive Comparison of Trigon Metals's Days Sales Outstanding

For the Copper subindustry, Trigon Metals'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.

Trigon Metals's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Trigon Metals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Trigon Metals's Days Sales Outstanding falls into.

Trigon Metals 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.

Trigon Metals's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.054	+	0.036)	/	2 )	/	1.299	*	365
=	0.045					/	1.299	*	365
=	12.64

Trigon Metals'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
=	( (0.035	+	1.083)	/	2 )	/	7.644	*	365 / 4
=	0.559					/	7.644	*	365 / 4
=	6.67

Trigon Metals (TSXV:TM) Days Sales Outstanding Explanation

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

Trigon Metals Days Sales Outstanding Related Terms

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Trigon Metals (TSXV:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trigon Metals Inc (TSXV:TM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

PNTZF:USA TZU2:Germany

Address

130 Queens Quay East, Suite 1224, Toronto, ON, CAN, M5A 0P6

Website

https://www.trigonmetals.com

Trigon Metals Inc is an emerging copper and silver producer in the African continent. Trigon operates through the development of its Namibian mining and exploration permits. The company's projects include Kombat Mine and Gross Otavi in Namibia and the newly Silver Hill copper-silver exploration project in Morocco.

Executives

Larisa Sprott

Director