ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Days Sales Outstanding : 0.88 (As of Dec. 2023)

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What is ADNOC Drilling Company PJSC Days Sales Outstanding?

ADNOC Drilling Company PJSC's average Accounts Receivable for the three months ended in Dec. 2023 was د.إ30 Mil. ADNOC Drilling Company PJSC's Revenue for the three months ended in Dec. 2023 was د.إ3,088 Mil. Hence, ADNOC Drilling Company PJSC's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.88.

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

ADX:ADNOCDRILL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.01 Med: 1.87 Max: 3.91
Current: 1.79

During the past 6 years, ADNOC Drilling Company PJSC's highest Days Sales Outstanding was 3.91. The lowest was 0.01. And the median was 1.87.

ADX:ADNOCDRILL's Days Sales Outstanding is ranked better than
99.14% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs ADX:ADNOCDRILL: 1.79

ADNOC Drilling Company PJSC's Days Sales Outstanding declined from Dec. 2022 (3.54) to Dec. 2023 (0.88).

ADNOC Drilling Company PJSC Days Sales Outstanding Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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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ADNOC Drilling Company PJSC Days Sales Outstanding Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.30

2.03

3.91

3.60

1.71

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											3.54	2.10	2.18	2.21	0.88

Competitive Comparison of ADNOC Drilling Company PJSC's Days Sales Outstanding

For the Oil & Gas Drilling subindustry, ADNOC Drilling Company PJSC'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.

ADNOC Drilling Company PJSC's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADNOC Drilling Company PJSC's Days Sales Outstanding falls into.

ADNOC Drilling Company PJSC 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.

ADNOC Drilling Company PJSC'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
=	( (88.814	+	16.102)	/	2 )	/	11227.569	*	365
=	52.458					/	11227.569	*	365
=	1.71

ADNOC Drilling Company PJSC'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
=	( (43.142	+	16.102)	/	2 )	/	3087.71	*	365 / 4
=	29.622					/	3087.71	*	365 / 4
=	0.88

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Days Sales Outstanding Explanation

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

ADNOC Drilling Company PJSC Days Sales Outstanding Related Terms

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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Headlines

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