Ring Energy (Ring Energy) Days Sales Outstanding : 41.29 (As of Dec. 2023)

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What is Ring Energy Days Sales Outstanding?

Ring Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $45.2 Mil. Ring Energy's Revenue for the three months ended in Dec. 2023 was $99.9 Mil. Hence, Ring Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 41.29.

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

REI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.38 Med: 45.23 Max: 66.28
Current: 42.16

During the past 13 years, Ring Energy's highest Days Sales Outstanding was 66.28. The lowest was 35.38. And the median was 45.23.

REI's Days Sales Outstanding is ranked better than
57.63% of 937 companies
in the Oil & Gas industry
Industry Median: 48.81 vs REI: 42.16

Ring Energy's Days Sales Outstanding declined from Dec. 2022 (41.73) to Dec. 2023 (41.29).

Ring Energy Days Sales Outstanding Historical Data

The historical data trend for Ring 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.

Ring Energy Days Sales Outstanding Chart

Ring Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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35.38

66.28

39.78

36.73

42.87

Ring Energy 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															41.73	43.22	42.93	40.78	41.29

Competitive Comparison of Ring Energy's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Ring 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.

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

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

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

Ring 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.

Ring Energy'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
=	( (43.433	+	41.387)	/	2 )	/	361.056	*	365
=	42.41					/	361.056	*	365
=	42.87

Ring Energy'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
=	( (49.062	+	41.387)	/	2 )	/	99.943	*	365 / 4
=	45.2245					/	99.943	*	365 / 4
=	41.29

Ring Energy (AMEX:REI) Days Sales Outstanding Explanation

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

Ring Energy Days Sales Outstanding Related Terms

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Ring Energy (Ring Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ring Energy Inc (AMEX:REI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

KWE1:Germany

Address

1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380

Website

https://www.ringenergy.com

Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.

Executives

John A Crum	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Paul D. Mckinney	director, officer: CEO and Chairman of the Board	1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Anthony Benedict Petrelli	director	6250 RAIN DANCE TRAIL, LITTLETON CO 80125
Stronghold Energy Ii Operating, Llc	10 percent owner	508 W. WALL STREET, SUITE %%), MIDLAND TX 79701
Warburg Pincus & Co Us, Llc	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii Llc	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Richard E Harris	director	2000 CHARWOOD DR, APT 2502, COLUMBUS IN 47201
William T Kruse	10 percent owner	1340 S MAIN ST., STE 300, GRAPEVINE TX 76051
David Habachy	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii, L.p.	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-d (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Wp Xii (e&p) Partners (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-2, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-1, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-e (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017