Precision Drilling (Precision Drilling) Days Sales Outstanding : 65.21 (As of Dec. 2023)

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What is Precision Drilling Days Sales Outstanding?

Precision Drilling's average Accounts Receivable for the three months ended in Dec. 2023 was $270 Mil. Precision Drilling's Revenue for the three months ended in Dec. 2023 was $378 Mil. Hence, Precision Drilling's Days Sales Outstanding for the three months ended in Dec. 2023 was 65.21.

The historical rank and industry rank for Precision Drilling's Days Sales Outstanding or its related term are showing as below:

PDS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.7 Med: 69.56 Max: 92.51
Current: 69.36

During the past 13 years, Precision Drilling's highest Days Sales Outstanding was 92.51. The lowest was 56.70. And the median was 69.56.

PDS's Days Sales Outstanding is ranked worse than
69.49% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs PDS: 69.36

Precision Drilling's Days Sales Outstanding declined from Dec. 2022 (67.00) to Dec. 2023 (65.21).

Precision Drilling Days Sales Outstanding Historical Data

The historical data trend for Precision Drilling'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.

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Precision Drilling Days Sales Outstanding Chart

Precision Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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65.10

71.77

57.37

57.94

61.52

Precision Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															67.00	62.27	83.41	76.93	65.21

Competitive Comparison of Precision Drilling's Days Sales Outstanding

For the Oil & Gas Drilling subindustry, Precision Drilling'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.

Precision Drilling's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Precision Drilling's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Precision Drilling's Days Sales Outstanding falls into.

Precision Drilling 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Precision Drilling's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (237.597	+	249.332)	/	2 )	/	1444.435	*	365
=	243.4645					/	1444.435	*	365
=	61.52

Precision Drilling's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (290.656	+	249.332)	/	2 )	/	377.811	*	365 / 4
=	269.994					/	377.811	*	365 / 4
=	65.21

Precision Drilling (NYSE:PDS) Days Sales Outstanding Explanation

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

Precision Drilling Days Sales Outstanding Related Terms

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Precision Drilling (Precision Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Precision Drilling Corp (NYSE:PDS) » Definitions » Days Sales Outstanding

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PD:Canada

Address

150 6th Avenue SW, Suite 4200, Calgary, AB, CAN, T2P3Y7

Website

https://www.precisiondrilling.com

Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.