Permex Petroleum (XCNQ:OIL) Days Sales Outstanding : 74.66 (As of Jun. 2023)

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What is Permex Petroleum Days Sales Outstanding?

Permex Petroleum's average Accounts Receivable for the three months ended in Jun. 2023 was C$0.17 Mil. Permex Petroleum's Revenue for the three months ended in Jun. 2023 was C$0.21 Mil. Hence, Permex Petroleum's Days Sales Outstanding for the three months ended in Jun. 2023 was 74.66.

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

XCNQ:OIL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.01 Med: 45.09 Max: 116.6
Current: 67.6

During the past 6 years, Permex Petroleum's highest Days Sales Outstanding was 116.60. The lowest was 31.01. And the median was 45.09.

XCNQ:OIL's Days Sales Outstanding is ranked worse than
67.49% of 935 companies
in the Oil & Gas industry
Industry Median: 49.16 vs XCNQ:OIL: 67.60

Permex Petroleum's Days Sales Outstanding increased from Jun. 2022 (52.95) to Jun. 2023 (74.66).

Permex Petroleum Days Sales Outstanding Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Days Sales Outstanding Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Sales Outstanding

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66.15

45.09

35.17

116.60

31.01

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															52.95	57.13	65.57	85.36	74.66

Competitive Comparison of Permex Petroleum's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

Permex Petroleum's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Permex Petroleum's Days Sales Outstanding falls into.

Permex Petroleum 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.

Permex Petroleum's Days Sales Outstanding for the fiscal year that ended in Sep. 2022 is calculated as

	Days Sales Outstanding (A: Sep. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )	/	Revenue (A: Sep. 2022 )	*	Days in Period
=	( (0.016	+	0.183)	/	2 )	/	1.171	*	365
=	0.0995					/	1.171	*	365
=	31.01

Permex Petroleum's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.213	+	0.129)	/	2 )	/	0.209	*	365 / 4
=	0.171					/	0.209	*	365 / 4
=	74.66

Permex Petroleum (XCNQ:OIL) Days Sales Outstanding Explanation

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

Permex Petroleum Days Sales Outstanding Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer