Ocean Vantage Holdings Bhd (XKLS:0220) Days Sales Outstanding : 151.69 (As of Dec. 2023)

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What is Ocean Vantage Holdings Bhd Days Sales Outstanding?

Ocean Vantage Holdings Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM56.7 Mil. Ocean Vantage Holdings Bhd's Revenue for the three months ended in Dec. 2023 was RM34.1 Mil. Hence, Ocean Vantage Holdings Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 151.69.

The historical rank and industry rank for Ocean Vantage Holdings Bhd's Days Sales Outstanding or its related term are showing as below:

XKLS:0220' s Days Sales Outstanding Range Over the Past 10 Years
Min: 99.75 Med: 114.89 Max: 1055.06
Current: 99.75

During the past 8 years, Ocean Vantage Holdings Bhd's highest Days Sales Outstanding was 1055.06. The lowest was 99.75. And the median was 114.89.

XKLS:0220's Days Sales Outstanding is ranked worse than
82.99% of 935 companies
in the Oil & Gas industry
Industry Median: 49.24 vs XKLS:0220: 99.75

Ocean Vantage Holdings Bhd's Days Sales Outstanding increased from Dec. 2022 (84.17) to Dec. 2023 (151.69).

Ocean Vantage Holdings Bhd Days Sales Outstanding Historical Data

The historical data trend for Ocean Vantage Holdings Bhd'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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Ocean Vantage Holdings Bhd Days Sales Outstanding Chart

Ocean Vantage Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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103.05

100.67

104.71

117.80

111.98

Ocean Vantage Holdings Bhd Quarterly Data
	Dec16	Dec17	Dec18	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															84.17	87.47	63.47	101.36	151.69

Competitive Comparison of Ocean Vantage Holdings Bhd's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Ocean Vantage Holdings Bhd'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.

Ocean Vantage Holdings Bhd's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ocean Vantage Holdings Bhd's Days Sales Outstanding falls into.

Ocean Vantage Holdings Bhd 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.

Ocean Vantage Holdings Bhd'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
=	( (50.696	+	53.421)	/	2 )	/	169.692	*	365
=	52.0585					/	169.692	*	365
=	111.98

Ocean Vantage Holdings Bhd'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
=	( (59.923	+	53.421)	/	2 )	/	34.092	*	365 / 4
=	56.672					/	34.092	*	365 / 4
=	151.69

Ocean Vantage Holdings Bhd (XKLS:0220) Days Sales Outstanding Explanation

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

Ocean Vantage Holdings Bhd Days Sales Outstanding Related Terms

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Ocean Vantage Holdings Bhd (XKLS:0220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ocean Vantage Holdings Bhd (XKLS:0220) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kuala Baram Land District, 1st & 2nd Floor, Block 11, Lot 6073 and 6074, Jalan Tudan, Bandar Baru Permyjaya, Miri, SWK, MYS, 98000

Website

https://www.ovbhd.com

Ocean Vantage Holdings Bhd is engaged in the provision of support services for the oil and gas industry where it supports both the upstream and downstream oil and gas activities. The company's operations as a provider of engineering, fabrication, and NDT inspection and testing services. Its services include Rig/Platform Modifications; Rig Stacking & Reactivation; Rig Repair & Maintenance; Accommodation Refurbishment; Fabrication & Construction of Structures; Blasting & Painting Services; Equipment Rental, Repair & Maintenance; Marine Security Services; Conventional NDT & Inspection; Rope Access; Scaffolding Services; Tank Cleaning; and Crane, Structural, Piping Replacement; among others.

Ocean Vantage Holdings Bhd (XKLS:0220) Headlines

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