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GuruFocus has detected 2 Warning Signs with Contango Oil & Gas Co $MCF.
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Contango Oil & Gas Co (AMEX:MCF)
Days Sales Outstanding
70.46 (As of Dec. 2016)

Contango Oil & Gas Co's account receivable for the three months ended in Dec. 2016 was $16.73 Mil. Contango Oil & Gas Co's revenue for the three months ended in Dec. 2016 was $21.66 Mil. Hence, Contango Oil & Gas Co's days sales outstanding for the three months ended in Dec. 2016 was 70.46.

MCF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.61   Max: 542.26
Current: 78.09

17.61
542.26

During the past 13 years, Contango Oil & Gas Co's highest Days Sales Outstanding was 542.26. The lowest was 17.61. And the median was 78.83.

MCF's Days Sales Outstanding is ranked higher than
72% of the 388 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 56.15 vs. MCF: 78.09 )

Contango Oil & Gas Co's days sales outstanding increased from Dec. 2015 (31.98) to Dec. 2016 (70.46).


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.

Contango Oil & Gas Co'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
=16.727/78.183*365
=78.09

Contango Oil & Gas Co's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=16.727/21.663*365 / 4
=70.46

* 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.

Contango Oil & Gas Co Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Dec14Dec15Dec16
DaysSalesOutstanding 542.26226.6681.98123.2679.5660.4575.5017.6123.5978.09

Contango Oil & Gas Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysSalesOutstanding 32.8224.2329.8629.8630.2931.9824.2640.5336.6870.46
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