Parsley Energy (Parsley Energy) Days Sales Outstanding : 25.98 (As of Sep. 2020)

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What is Parsley Energy Days Sales Outstanding?

Parsley Energy's average Accounts Receivable for the three months ended in Sep. 2020 was $127 Mil. Parsley Energy's Revenue for the three months ended in Sep. 2020 was $447 Mil. Hence, Parsley Energy's Days Sales Outstanding for the three months ended in Sep. 2020 was 25.98.

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

PE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.96 Med: 31.04 Max: 55.53
Current: 31.35

During the past 9 years, Parsley Energy's highest Days Sales Outstanding was 55.53. The lowest was 21.96. And the median was 31.04.

PE's Days Sales Outstanding is not ranked
in the Oil & Gas industry.
Industry Median: 48.81 vs PE: 31.35

Parsley Energy's Days Sales Outstanding declined from Sep. 2019 (29.98) to Sep. 2020 (25.98).

Parsley Energy Days Sales Outstanding Historical Data

The historical data trend for Parsley Energy'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.

* Premium members only.

Parsley Energy Days Sales Outstanding Chart

Parsley Energy Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Sales Outstanding

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30.08

32.05

34.41

25.92

30.60

Parsley Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Sales Outstanding	Get a 7-Day Free Trial															29.98	32.18	25.78	49.72	25.98

Competitive Comparison of Parsley Energy's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Parsley Energy'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.

Parsley Energy's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Parsley Energy's Days Sales Outstanding falls into.

Parsley Energy 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.

Parsley Energy's Days Sales Outstanding for the fiscal year that ended in Dec. 2019 is calculated as

	Days Sales Outstanding (A: Dec. 2019 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )	/	Revenue (A: Dec. 2019 )	*	Days in Period
=	( (136.209	+	192.216)	/	2 )	/	1958.814	*	365
=	164.2125					/	1958.814	*	365
=	30.60

Parsley Energy's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

	Days Sales Outstanding (Q: Sep. 2020 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2020 )	+	Accounts Receivable (A: Sep. 2020 ))	/	count )	/	Revenue (A: Sep. 2020 )	*	Days in Period
=	( (113.072	+	141.72)	/	2 )	/	447.389	*	365 / 4
=	127.396					/	447.389	*	365 / 4
=	25.98

Parsley Energy (NYSE:PE) Days Sales Outstanding Explanation

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

Parsley Energy Days Sales Outstanding Related Terms

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Parsley Energy (Parsley Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parsley Energy Inc (NYSE:PE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Colorado Street, Suite 3000, Austin, TX, USA, 78701

Website

http://www.parsleyenergy.com

Parsley Energy is an independent oil and gas producer in the United States that operates exclusively in the Permian Basin. At the end of 2019, it reported net proven reserves of 592 million barrels of oil equivalent. Net production averaged about 140,600 barrels per day in 2018, at a ratio of 62% oil, 21% natural gas liquids, and 17% natural gas.

Executives

Bryan Sheffield	director, officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Roberts Colin	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ryan Dalton	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ron Brokmeyer	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Vanloh S Wil Jr	director, 10 percent owner	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Karen Parfitt Hughes	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Q-jagged Peak Energy Investment Partners, Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700 HOUSTON TX 77010
Jerry Windlinger	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Hemang Desai	director	221 WEST 6TH STREET SUITE 750 AUSTIN TX 78701
David Henry Smith	director	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
James J. Kleckner	director	1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
William Browning	director	8066 PARK LANE, UNIT 602, DALLAS TX 75231
Qem V Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
A R Alameddine	director	303 COLORADO STREET, SUITE 3000, AUSTIN TX 78701
Matthew Gallagher	director, officer: See Remarks	500 W. TEXAS AVENUE, TOWER I, SUITE 200, MIDLAND TX 79701