Lotus Ventures (XCNQ:J) Days Sales Outstanding : 34.46 (As of Aug. 2023)

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What is Lotus Ventures Days Sales Outstanding?

Lotus Ventures's average Accounts Receivable for the three months ended in Aug. 2023 was C$0.28 Mil. Lotus Ventures's Revenue for the three months ended in Aug. 2023 was C$0.75 Mil. Hence, Lotus Ventures's Days Sales Outstanding for the three months ended in Aug. 2023 was 34.46.

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

XCNQ:J' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.76 Med: 24.57 Max: 42.03
Current: 42.03

During the past 12 years, Lotus Ventures's highest Days Sales Outstanding was 42.03. The lowest was 23.76. And the median was 24.57.

XCNQ:J's Days Sales Outstanding is ranked better than
77.45% of 998 companies
in the Drug Manufacturers industry
Industry Median: 71.845 vs XCNQ:J: 42.03

Lotus Ventures's Days Sales Outstanding increased from Aug. 2022 (16.02) to Aug. 2023 (34.46).

Lotus Ventures Days Sales Outstanding Historical Data

The historical data trend for Lotus Ventures'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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Lotus Ventures Days Sales Outstanding Chart

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Days Sales Outstanding

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41.55

24.57

23.76

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Days Sales Outstanding	Get a 7-Day Free Trial															16.02	53.49	44.46	51.41	34.46

Competitive Comparison of Lotus Ventures's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Lotus Ventures'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.

Lotus Ventures's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lotus Ventures's Days Sales Outstanding distribution charts can be found below:

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

Lotus Ventures 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.

Lotus Ventures's Days Sales Outstanding for the fiscal year that ended in Aug. 2022 is calculated as

	Days Sales Outstanding (A: Aug. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2021 )	+	Accounts Receivable (A: Aug. 2022 ))	/	count )	/	Revenue (A: Aug. 2022 )	*	Days in Period
=	( (0.211	+	0.009)	/	2 )	/	1.69	*	365
=	0.11					/	1.69	*	365
=	23.76

Lotus Ventures's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding (Q: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (0.165	+	0.403)	/	2 )	/	0.752	*	365 / 4
=	0.284					/	0.752	*	365 / 4
=	34.46

Lotus Ventures (XCNQ:J) Days Sales Outstanding Explanation

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

Lotus Ventures Days Sales Outstanding Related Terms

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Lotus Ventures (XCNQ:J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lotus Ventures Inc (XCNQ:J) » Definitions » Days Sales Outstanding

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LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.