Canadian Natural Resources (Canadian Natural Resources) Days Sales Outstanding : 31.52 (As of Dec. 2023)

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What is Canadian Natural Resources Days Sales Outstanding?

Canadian Natural Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $2,749 Mil. Canadian Natural Resources's Revenue for the three months ended in Dec. 2023 was $7,960 Mil. Hence, Canadian Natural Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.52.

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

CNQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.56 Med: 29.8 Max: 48.57
Current: 30.68

During the past 13 years, Canadian Natural Resources's highest Days Sales Outstanding was 48.57. The lowest was 24.56. And the median was 29.80.

CNQ's Days Sales Outstanding is ranked better than
75.59% of 934 companies
in the Oil & Gas industry
Industry Median: 48.81 vs CNQ: 30.68

Canadian Natural Resources's Days Sales Outstanding increased from Dec. 2022 (31.24) to Dec. 2023 (31.52).

Canadian Natural Resources Days Sales Outstanding Historical Data

The historical data trend for Canadian Natural Resources'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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Canadian Natural Resources Days Sales Outstanding Chart

Canadian Natural Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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26.86

47.87

29.44

25.26

29.94

Canadian Natural Resources 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															31.24	33.37	31.43	27.41	31.52

Competitive Comparison of Canadian Natural Resources's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Canadian Natural Resources'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.

Canadian Natural Resources's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Canadian Natural Resources's Days Sales Outstanding falls into.

Canadian Natural Resources 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.

Canadian Natural Resources'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
=	( (2616.857	+	2377.013)	/	2 )	/	30437.537	*	365
=	2496.935					/	30437.537	*	365
=	29.94

Canadian Natural Resources'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
=	( (3121.72	+	2377.013)	/	2 )	/	7959.899	*	365 / 4
=	2749.3665					/	7959.899	*	365 / 4
=	31.52

Canadian Natural Resources (NYSE:CNQ) Days Sales Outstanding Explanation

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

Canadian Natural Resources Days Sales Outstanding Related Terms

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Canadian Natural Resources (Canadian Natural Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Natural Resources Ltd (NYSE:CNQ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CRC:Germany CRC:Germany CNQ:Canada

Address

855 - 2nd Street South West, Suite 2100, Calgary, AB, CAN, T2P 4J8

Website

https://www.cnrl.com

Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading Midstream and Refining. It derives a majority of its revenue from North America.