ParcelPal Logistics (XCNQ:PKG) Days Sales Outstanding : 3.22 (As of Sep. 2023)

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What is ParcelPal Logistics Days Sales Outstanding?

ParcelPal Logistics's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.13 Mil. ParcelPal Logistics's Revenue for the three months ended in Sep. 2023 was C$3.65 Mil. Hence, ParcelPal Logistics's Days Sales Outstanding for the three months ended in Sep. 2023 was 3.22.

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

XCNQ:PKG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.79 Med: 41.78 Max: 351.34
Current: 6.79

During the past 12 years, ParcelPal Logistics's highest Days Sales Outstanding was 351.34. The lowest was 6.79. And the median was 41.78.

XCNQ:PKG's Days Sales Outstanding is ranked better than
95.22% of 963 companies
in the Transportation industry
Industry Median: 45.8 vs XCNQ:PKG: 6.79

ParcelPal Logistics's Days Sales Outstanding declined from Jun. 2022 (8.58) to Sep. 2023 (3.22).

ParcelPal Logistics Days Sales Outstanding Historical Data

The historical data trend for ParcelPal Logistics'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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ParcelPal Logistics Days Sales Outstanding Chart

ParcelPal Logistics Annual Data

Trend

Sep13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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52.26

51.51

32.04

13.73

7.14

ParcelPal Logistics Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															8.58	8.27	6.51	6.16	3.22

Competitive Comparison of ParcelPal Logistics's Days Sales Outstanding

For the Integrated Freight & Logistics subindustry, ParcelPal Logistics'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.

ParcelPal Logistics's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ParcelPal Logistics's Days Sales Outstanding distribution charts can be found below:

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

ParcelPal Logistics 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.

ParcelPal Logistics'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
=	( (0.202	+	0.238)	/	2 )	/	11.243	*	365
=	0.22					/	11.243	*	365
=	7.14

ParcelPal Logistics'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: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.162	+	0.095)	/	2 )	/	3.645	*	365 / 4
=	0.1285					/	3.645	*	365 / 4
=	3.22

ParcelPal Logistics (XCNQ:PKG) Days Sales Outstanding Explanation

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

ParcelPal Logistics Days Sales Outstanding Related Terms

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ParcelPal Logistics (XCNQ:PKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ParcelPal Logistics Inc (XCNQ:PKG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

PTNYF:USA PT0A:Germany

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.parcelpal.com

ParcelPal Logistics Inc is a Canadian-based company that specializes in last-mile delivery service and logistics solutions, providing businesses with a smart, reliable, and affordable delivery service powered by the company's licensed technology platform. It is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of its verticals include pharmacy & health, meal kit deliveries, retail, groceries, and more.