Orbit Garant Drilling (TSX:OGD) Days Sales Outstanding : 65.00 (As of Dec. 2023)

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What is Orbit Garant Drilling Days Sales Outstanding?

Orbit Garant Drilling's average Accounts Receivable for the three months ended in Dec. 2023 was C$30.9 Mil. Orbit Garant Drilling's Revenue for the three months ended in Dec. 2023 was C$43.3 Mil. Hence, Orbit Garant Drilling's Days Sales Outstanding for the three months ended in Dec. 2023 was 65.00.

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

TSX:OGD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 59.8 Med: 71.97 Max: 85.95
Current: 65.26

During the past 13 years, Orbit Garant Drilling's highest Days Sales Outstanding was 85.95. The lowest was 59.80. And the median was 71.97.

TSX:OGD's Days Sales Outstanding is ranked worse than
63.01% of 792 companies
in the Metals & Mining industry
Industry Median: 42.225 vs TSX:OGD: 65.26

Orbit Garant Drilling's Days Sales Outstanding declined from Dec. 2022 (65.82) to Dec. 2023 (65.00).

Orbit Garant Drilling Days Sales Outstanding Historical Data

The historical data trend for Orbit Garant 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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Orbit Garant Drilling Days Sales Outstanding Chart

Orbit Garant Drilling Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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82.58

76.50

69.12

74.81

63.51

Orbit Garant 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															65.82	66.58	66.11	64.76	65.00

Competitive Comparison of Orbit Garant Drilling's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Orbit Garant 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.

Orbit Garant Drilling's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Orbit Garant Drilling's Days Sales Outstanding distribution charts can be found below:

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

Orbit Garant 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.

Orbit Garant Drilling's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (39.401	+	30.538)	/	2 )	/	200.976	*	365
=	34.9695					/	200.976	*	365
=	63.51

Orbit Garant 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
=	( (32.362	+	29.393)	/	2 )	/	43.345	*	365 / 4
=	30.8775					/	43.345	*	365 / 4
=	65.00

Orbit Garant Drilling (TSX:OGD) Days Sales Outstanding Explanation

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

Orbit Garant Drilling Days Sales Outstanding Related Terms

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Orbit Garant Drilling (TSX:OGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (TSX:OGD) » Definitions » Days Sales Outstanding

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OBGRF:USA

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.

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