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Houston American Energy Corp's account receivable for the three months ended in Sep. 2014 was $7.34 Mil. Houston American Energy Corp's revenue for the three months ended in Sep. 2014 was $0.06 Mil. Hence, Houston American Energy Corp's days sales outstanding for the three months ended in Sep. 2014 was 11,742.43.
Houston American Energy Corp's days sales outstanding increased from Sep. 2013 (46.70) to Sep. 2014 (11,742.43).
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.
Houston American Energy Corp's Days Sales Outstanding for the fiscal year that ended in Dec. 2013 is calculated as
Houston American Energy Corp's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Houston American Energy Corp Annual Data
Houston American Energy Corp Quarterly Data