HS GovTech Solutions (XCNQ:HS) Days Sales Outstanding : 48.99 (As of Jun. 2023)

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What is HS GovTech Solutions Days Sales Outstanding?

HS GovTech Solutions's average Accounts Receivable for the three months ended in Jun. 2023 was C$1.46 Mil. HS GovTech Solutions's Revenue for the three months ended in Jun. 2023 was C$2.71 Mil. Hence, HS GovTech Solutions's Days Sales Outstanding for the three months ended in Jun. 2023 was 48.99.

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

XCNQ:HS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.58 Med: 42.33 Max: 62.84
Current: 51.26

During the past 9 years, HS GovTech Solutions's highest Days Sales Outstanding was 62.84. The lowest was 34.58. And the median was 42.33.

XCNQ:HS's Days Sales Outstanding is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 46.55 vs XCNQ:HS: 51.26

HS GovTech Solutions's Days Sales Outstanding increased from Jun. 2022 (47.22) to Jun. 2023 (48.99).

HS GovTech Solutions Days Sales Outstanding Historical Data

The historical data trend for HS GovTech Solutions'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.

HS GovTech Solutions Days Sales Outstanding Chart

HS GovTech Solutions Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec21

Dec22

Days Sales Outstanding

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38.60

62.84

60.71

34.58

43.17

HS GovTech Solutions Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															47.22	82.02	54.69	42.98	48.99

Competitive Comparison of HS GovTech Solutions's Days Sales Outstanding

For the Health Information Services subindustry, HS GovTech Solutions'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.

HS GovTech Solutions's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where HS GovTech Solutions's Days Sales Outstanding falls into.

HS GovTech Solutions 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.

HS GovTech Solutions'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
=	( (0.96	+	0.978)	/	2 )	/	8.192	*	365
=	0.969					/	8.192	*	365
=	43.17

HS GovTech Solutions'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
=	( (1.455	+	0)	/	1 )	/	2.71	*	365 / 4
=	1.455					/	2.71	*	365 / 4
=	48.99

HS GovTech Solutions (XCNQ:HS) Days Sales Outstanding Explanation

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

HS GovTech Solutions Days Sales Outstanding Related Terms

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HS GovTech Solutions (XCNQ:HS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HS GovTech Solutions Inc (XCNQ:HS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7

Website

https://www.hsgovtech.com

HS GovTech Solutions Inc is a provider of web-based and mobile solutions for health and safety regulatory agencies across North America. The solutions offered by the company include Environmental Health, Code Enforcement, Fire & Safety, Virtual Inspections, Payment Processing, Mobile Inspections, and Citizen Portal. The Company operates in one industry segment within two geographical areas: Canada and the United States of America.

HS GovTech Solutions (XCNQ:HS) Headlines

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