TAG Oil (TAG Oil) Days Sales Outstanding

: 336.54 (As of Sep. 2023)

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TAG Oil's average Accounts Receivable for the three months ended in Sep. 2023 was $0.72 Mil. TAG Oil's Revenue for the three months ended in Sep. 2023 was $0.19 Mil. Hence, TAG Oil's Days Sales Outstanding for the three months ended in Sep. 2023 was 336.54.

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

TAOIF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.47 Med: 69.43 Max: 480.21
Current: 480.21

During the past 13 years, TAG Oil's highest Days Sales Outstanding was 480.21. The lowest was 40.47. And the median was 69.43.

TAOIF's Days Sales Outstanding is ranked worse than
96.78% of 933 companies
in the Oil & Gas industry
Industry Median: 48.88 vs TAOIF: 480.21

TAG Oil's Days Sales Outstanding increased from Sep. 2022 (0.00) to Sep. 2023 (336.54).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

TAG Oil Days Sales Outstanding Historical Data

The historical data trend for TAG Oil'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.

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

40.96

59.63

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding																-	-	-	250.44	336.54

Competitive Comparison

For the Oil & Gas E&P subindustry, TAG Oil'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.

TAG Oil Days Sales Outstanding Distribution

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

* The bar in red indicates where TAG Oil's Days Sales Outstanding falls into.

TAG Oil 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.

TAG Oil's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.216	+	0.749)	/	2 )	/	0	*	365
=	0.4825					/	0	*	365
=	N/A

TAG Oil's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.519	+	0.912)	/	2 )	/	0.194	*	365 / 4
=	0.7155					/	0.194	*	365 / 4
=	336.54

TAG Oil (OTCPK:TAOIF) Days Sales Outstanding Explanation

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

TAG Oil Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of TAG Oil's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

TAG Oil (TAG Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.