Veltex (Veltex) Days Sales Outstanding : 71.19 (As of Jun. 2023)

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What is Veltex Days Sales Outstanding?

Veltex's average Accounts Receivable for the three months ended in Jun. 2023 was $0.29 Mil. Veltex's Revenue for the three months ended in Jun. 2023 was $0.37 Mil. Hence, Veltex's Days Sales Outstanding for the three months ended in Jun. 2023 was 71.19.

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

VLXC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 100.08 Med: 150.01 Max: 365
Current: 211.12

During the past 3 years, Veltex's highest Days Sales Outstanding was 365.00. The lowest was 100.08. And the median was 150.01.

VLXC's Days Sales Outstanding is ranked worse than
96.09% of 639 companies
in the Healthcare Providers & Services industry
Industry Median: 46.55 vs VLXC: 211.12

Veltex's Days Sales Outstanding increased from Dec. 2021 (0.00) to Jun. 2023 (71.19).

Veltex Days Sales Outstanding Historical Data

The historical data trend for Veltex'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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Veltex Days Sales Outstanding Chart

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

365.00

100.08

150.01

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			52.14	64.64	55.94	71.19	-

Competitive Comparison of Veltex's Days Sales Outstanding

For the Medical Care Facilities subindustry, Veltex'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.

Veltex's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Veltex's Days Sales Outstanding distribution charts can be found below:

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

Veltex 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.

Veltex'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
=	( (0.013	+	0.578)	/	2 )	/	0.719	*	365
=	0.2955					/	0.719	*	365
=	150.01

Veltex's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.128	+	0.454)	/	2 )	/	0.373	*	365 / 4
=	0.291					/	0.373	*	365 / 4
=	71.19

Veltex (OTCPK:VLXC) Days Sales Outstanding Explanation

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

Veltex Days Sales Outstanding Related Terms

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Veltex (Veltex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.