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Contango Oil & Gas Co's account receivable for the three months ended in Mar. 2015 was $10.0 Mil. Contango Oil & Gas Co's revenue for the three months ended in Mar. 2015 was $30.6 Mil. Hence, Contango Oil & Gas Co's days sales outstanding for the three months ended in Mar. 2015 was 29.86.
Contango Oil & Gas Co's days sales outstanding declined from Mar. 2014 (30.84) to Mar. 2015 (29.86).
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.
Contango Oil & Gas Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2014 is calculated as
Contango Oil & Gas Co's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Contango Oil & Gas Co Annual Data
Contango Oil & Gas Co Quarterly Data