3R Petroleum Oleo E Gas (BSP:RRRP3) Days Sales Outstanding : 26.03 (As of Dec. 2023)

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What is 3R Petroleum Oleo E Gas Days Sales Outstanding?

3R Petroleum Oleo E Gas's average Accounts Receivable for the three months ended in Dec. 2023 was R$528 Mil. 3R Petroleum Oleo E Gas's Revenue for the three months ended in Dec. 2023 was R$1,849 Mil. Hence, 3R Petroleum Oleo E Gas's Days Sales Outstanding for the three months ended in Dec. 2023 was 26.03.

The historical rank and industry rank for 3R Petroleum Oleo E Gas's Days Sales Outstanding or its related term are showing as below:

BSP:RRRP3' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.2 Med: 43.07 Max: 80.99
Current: 24.9

During the past 8 years, 3R Petroleum Oleo E Gas's highest Days Sales Outstanding was 80.99. The lowest was 24.20. And the median was 43.07.

BSP:RRRP3's Days Sales Outstanding is ranked better than
81.58% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs BSP:RRRP3: 24.90

3R Petroleum Oleo E Gas's Days Sales Outstanding declined from Dec. 2022 (48.88) to Dec. 2023 (26.03).

3R Petroleum Oleo E Gas Days Sales Outstanding Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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.

* Premium members only.

3R Petroleum Oleo E Gas Days Sales Outstanding Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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59.48

43.07

39.93

35.79

24.20

3R Petroleum Oleo E Gas Quarterly Data
	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														48.88	36.45	34.83	18.10	26.03

Competitive Comparison of 3R Petroleum Oleo E Gas's Days Sales Outstanding

For the Oil & Gas E&P subindustry, 3R Petroleum Oleo E Gas'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.

3R Petroleum Oleo E Gas's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 3R Petroleum Oleo E Gas's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where 3R Petroleum Oleo E Gas's Days Sales Outstanding falls into.

3R Petroleum Oleo E Gas 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.

3R Petroleum Oleo E Gas'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
=	( (223.252	+	522.022)	/	2 )	/	5619.989	*	365
=	372.637					/	5619.989	*	365
=	24.20

3R Petroleum Oleo E Gas'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
=	( (533.087	+	522.022)	/	2 )	/	1849.45	*	365 / 4
=	527.5545					/	1849.45	*	365 / 4
=	26.03

3R Petroleum Oleo E Gas (BSP:RRRP3) Days Sales Outstanding Explanation

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

3R Petroleum Oleo E Gas Days Sales Outstanding Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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