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GuruFocus has detected 3 Warning Signs with Cenovus Energy Inc $CVE.
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Cenovus Energy Inc (NYSE:CVE)
Days Sales Outstanding
0.72 (As of Dec. 2016)

Cenovus Energy Inc's account receivable for the three months ended in Dec. 2016 was $22 Mil. Cenovus Energy Inc's revenue for the three months ended in Dec. 2016 was $2,770 Mil. Hence, Cenovus Energy Inc's days sales outstanding for the three months ended in Dec. 2016 was 0.72.

CVE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.11   Max: 36.01
Current: 0.86

0.11
36.01

During the past 9 years, Cenovus Energy Inc's highest Days Sales Outstanding was 36.01. The lowest was 0.11. And the median was 26.93.

CVE's Days Sales Outstanding is ranked higher than
97% of the 59 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 40.25 vs. CVE: 0.86 )

Cenovus Energy Inc's days sales outstanding declined from Dec. 2015 (1.88) to Dec. 2016 (0.72).


Definition

Days sales outstanding measures of 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 receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

Cenovus Energy Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2016 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=21.7407601769/9207.58677562*365
=0.86

Cenovus Energy Inc's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=21.7407601769/2770.07271909*365 / 4
=0.72

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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


Related Terms

Account Receivable, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cenovus Energy Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysSalesOutstanding 0.0013.1831.0029.4227.2226.9336.010.111.690.86

Cenovus Energy Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysSalesOutstanding 32.420.1339.4132.7930.701.8844.7242.5538.150.72
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