Planet Based Foods Global (XCNQ:PBF) Days Sales Outstanding : 49.23 (As of Sep. 2023)

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What is Planet Based Foods Global Days Sales Outstanding?

Planet Based Foods Global's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.04 Mil. Planet Based Foods Global's Revenue for the three months ended in Sep. 2023 was C$0.08 Mil. Hence, Planet Based Foods Global's Days Sales Outstanding for the three months ended in Sep. 2023 was 49.23.

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

XCNQ:PBF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 74.73 Med: 204.8 Max: 204.8
Current: 74.73

During the past 2 years, Planet Based Foods Global's highest Days Sales Outstanding was 204.80. The lowest was 74.73. And the median was 204.80.

XCNQ:PBF's Days Sales Outstanding is ranked worse than
53.41% of 998 companies
in the Drug Manufacturers industry
Industry Median: 71.845 vs XCNQ:PBF: 74.73

Planet Based Foods Global's Days Sales Outstanding declined from Sep. 2022 (93.65) to Sep. 2023 (49.23).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Planet Based Foods Global Days Sales Outstanding Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Days Sales Outstanding Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Days Sales Outstanding

204.80

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial			93.65	62.25	212.41	71.54	49.23

Competitive Comparison of Planet Based Foods Global's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based Foods Global'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.

Planet Based Foods Global's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet Based Foods Global's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Planet Based Foods Global's Days Sales Outstanding falls into.

Planet Based Foods Global 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.

Planet Based Foods Global'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
=	( (0.013	+	0.336)	/	2 )	/	0.311	*	365
=	0.1745					/	0.311	*	365
=	204.80

Planet Based Foods Global's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.044	+	0.038)	/	2 )	/	0.076	*	365 / 4
=	0.041					/	0.076	*	365 / 4
=	49.23

Planet Based Foods Global (XCNQ:PBF) Days Sales Outstanding Explanation

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

Planet Based Foods Global Days Sales Outstanding Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.