Spartan Delta (TSX:SDE) Days Sales Outstanding : 51.01 (As of Dec. 2023)

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What is Spartan Delta Days Sales Outstanding?

Spartan Delta's average Accounts Receivable for the three months ended in Dec. 2023 was C$49.1 Mil. Spartan Delta's Revenue for the three months ended in Dec. 2023 was C$87.9 Mil. Hence, Spartan Delta's Days Sales Outstanding for the three months ended in Dec. 2023 was 51.01.

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

TSX:SDE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.34 Med: 53.21 Max: 1227.73
Current: 42.29

During the past 13 years, Spartan Delta's highest Days Sales Outstanding was 1227.73. The lowest was 29.34. And the median was 53.21.

TSX:SDE's Days Sales Outstanding is ranked better than
57.33% of 935 companies
in the Oil & Gas industry
Industry Median: 48.53 vs TSX:SDE: 42.29

Spartan Delta's Days Sales Outstanding increased from Dec. 2022 (31.21) to Dec. 2023 (51.01).

Spartan Delta Days Sales Outstanding Historical Data

The historical data trend for Spartan Delta'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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Spartan Delta Days Sales Outstanding Chart

Spartan Delta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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53.57

37.89

34.57

29.34

52.65

Spartan Delta 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															31.21	34.44	38.61	50.16	51.01

Competitive Comparison of Spartan Delta's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Spartan Delta'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.

Spartan Delta's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Spartan Delta's Days Sales Outstanding falls into.

Spartan Delta 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.

Spartan Delta'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
=	( (140.413	+	50.675)	/	2 )	/	662.355	*	365
=	95.544					/	662.355	*	365
=	52.65

Spartan Delta'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
=	( (47.582	+	50.675)	/	2 )	/	87.887	*	365 / 4
=	49.1285					/	87.887	*	365 / 4
=	51.01

Spartan Delta (TSX:SDE) Days Sales Outstanding Explanation

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

Spartan Delta Days Sales Outstanding Related Terms

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Spartan Delta (TSX:SDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spartan Delta Corp (TSX:SDE) » Definitions » Days Sales Outstanding

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DALXF:USA 4YJ0:Germany

Address

308 - 4th Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 0H7

Website

https://www.spartandeltacorp.com

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. It operates and focuses its activities on Peace River Arch and Central Alberta.