Northern Oil & Gas (Northern Oil & Gas) Days Sales Outstanding : 61.32 (As of Dec. 2023)

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What is Northern Oil & Gas Days Sales Outstanding?

Northern Oil & Gas's average Accounts Receivable for the three months ended in Dec. 2023 was $367 Mil. Northern Oil & Gas's Revenue for the three months ended in Dec. 2023 was $546 Mil. Hence, Northern Oil & Gas's Days Sales Outstanding for the three months ended in Dec. 2023 was 61.32.

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

NOG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.72 Med: 64.75 Max: 123.7
Current: 59.14

During the past 13 years, Northern Oil & Gas's highest Days Sales Outstanding was 123.70. The lowest was 42.72. And the median was 64.75.

NOG's Days Sales Outstanding is ranked worse than
59.96% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs NOG: 59.14

Northern Oil & Gas's Days Sales Outstanding increased from Dec. 2022 (60.35) to Dec. 2023 (61.32).

Northern Oil & Gas Days Sales Outstanding Historical Data

The historical data trend for Northern Oil & Gas'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.

Northern Oil & Gas Days Sales Outstanding Chart

Northern Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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62.11

100.97

49.52

42.72

61.43

Northern Oil & Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															60.35	58.10	58.77	55.85	61.32

Competitive Comparison of Northern Oil & Gas's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Northern Oil & Gas'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.

Northern Oil & Gas's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Northern Oil & Gas's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Northern Oil & Gas's Days Sales Outstanding falls into.

Northern Oil & Gas 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.

Northern Oil & Gas'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
=	( (271.336	+	370.531)	/	2 )	/	1907.009	*	365
=	320.9335					/	1907.009	*	365
=	61.43

Northern Oil & Gas's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (363.516	+	370.531)	/	2 )	/	546.145	*	365 / 4
=	367.0235					/	546.145	*	365 / 4
=	61.32

Northern Oil & Gas (NYSE:NOG) Days Sales Outstanding Explanation

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

Northern Oil & Gas Days Sales Outstanding Related Terms

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Northern Oil & Gas (Northern Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Oil & Gas Inc (NYSE:NOG) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

4LT1:Germany

Address

4350 Baker Road, Suite 400, Minnetonka, MN, USA, 55343

Website

https://www.northernoil.com

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.

Executives

Robert B. Rowling	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
William F Kimble	director	6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237
Jennifer S. Pomerantz	director	4350 BAKER ROAD, SUITE 400, MINNETONKA MN 55343
Cresta Greenwood, Llc	10 percent owner	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Rowling Family 2012 Long Term Trust	other: See Remarks	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
James B. Evans	officer: Executive VP & Chief Engineer	601 CARLSON PARKWAY, SUITE 990, MINNETONKA MN 55305
Foundation Rowling	other: See Remarks	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Stuart G. Lasher	director	4931 NEW PROVIDENCE, TAMPA FL 33629
Ttbr Investments Llc	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Trbrjr Investments Llc	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Michael D. Kelly	officer: EVP of Finance	3762 INGOLD STREET, HOUSTON TX 77005
Crestview Partners Iii Gp, L.p.	10 percent owner	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Brandon R. Elliott	officer: EVP, Corporate Devp & Strategy	315 MANITOBA AVENUE, SUITE 200, WAYZATA MN 55391
Roy Ernest Easley	director	1048 TEXAN TRAIL, GRAPEVINE TX 76051
W Energy Partners Llc	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 550, DALLAS TX 75219