Wescan Energy (TSXV:WCE) Days Sales Outstanding : 30.77 (As of Dec. 2023)

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What is Wescan Energy Days Sales Outstanding?

Wescan Energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.22 Mil. Wescan Energy's Revenue for the three months ended in Dec. 2023 was C$0.64 Mil. Hence, Wescan Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 30.77.

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

TSXV:WCE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.89 Med: 30.84 Max: 36.23
Current: 31.19

During the past 13 years, Wescan Energy's highest Days Sales Outstanding was 36.23. The lowest was 2.89. And the median was 30.84.

TSXV:WCE's Days Sales Outstanding is ranked better than
74.33% of 935 companies
in the Oil & Gas industry
Industry Median: 48.99 vs TSXV:WCE: 31.19

Wescan Energy's Days Sales Outstanding declined from Dec. 2022 (34.71) to Dec. 2023 (30.77).

Wescan Energy Days Sales Outstanding Historical Data

The historical data trend for Wescan 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.

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Wescan Energy Days Sales Outstanding Chart

Wescan Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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32.38

29.62

2.89

36.23

25.45

Wescan 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															34.71	33.11	32.56	29.19	30.77

Competitive Comparison of Wescan Energy's Days Sales Outstanding

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

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

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

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

Wescan 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.

Wescan Energy'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
=	( (0.199	+	0.289)	/	2 )	/	3.5	*	365
=	0.244					/	3.5	*	365
=	25.45

Wescan 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
=	( (0.252	+	0.179)	/	2 )	/	0.639	*	365 / 4
=	0.2155					/	0.639	*	365 / 4
=	30.77

Wescan Energy (TSXV:WCE) Days Sales Outstanding Explanation

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

Wescan Energy Days Sales Outstanding Related Terms

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Wescan Energy (TSXV:WCE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wescan Energy Corp (TSXV:WCE) » Definitions » Days Sales Outstanding

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GPIPF:USA

Address

520 - 5th Avenue SW, Suite 2500, Calgary, AB, CAN, T2P 3R5

Website

https://www.wescanenergycorp.com

Wescan Energy Corp is in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, U.S.A. It operates in a single reporting segment which is Oil and Gas Exploration and Production.

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