RigNet's average Accounts Receivable for the
three
months ended in Dec. 2020 was $56.6 Mil. RigNet's Revenue for the
three
months ended in Dec. 2020 was $47.0 Mil.
Hence, RigNet's Days Sales Outstanding for the
three
months ended in Dec. 2020 was 109.79.
The historical rank and industry rank for RigNet's Days Sales Outstanding or its related term are showing as below:
RNET'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 63.83 Med: 86.84 Max: 112.39
Current: 110.98
During the past 13 years, RigNet's highest Days Sales Outstanding was 112.39. The lowest was 63.83. And the median was 86.84.
RNET's Days Sales Outstanding is not ranked
in the Oil & Gas industry.
Industry Median: 48.845
vs RNET: 110.98
RigNet's Days Sales Outstanding
increased
from Dec. 2019 (91.79) to Dec. 2020 (109.79).
RigNet Days Sales Outstanding Historical Data
The historical data trend for RigNet'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.
Competitive Comparison of RigNet's Days Sales Outstanding
For the Oil & Gas Equipment & Services subindustry, RigNet'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.
RigNet's Days Sales Outstanding Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, RigNet's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where RigNet's Days Sales Outstanding falls into.
RigNet 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.
* 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.
RigNet (NAS:RNET) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
RigNet Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of RigNet's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
RigNet Inc operates as a technology company that provides customized communications services, applications, real-time machine learning, and cybersecurity solutions. It operates through the following segments: The Managed Communications Services segment provides remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites; The Applications and Internet-of-Things segment focuses on the applications over-the-top of the Managed Services segment including Supervisory Control and Data Acquisition (SCADA) and Software as a Service (SaaS); The Systems Integration segment gives design and implementation services for customer telecommunications systems.
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