GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (NYSE:FLNG) » Definitions » Days Sales Outstanding

Flex LNG (Flex LNG) Days Sales Outstanding : 2.75 (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Flex LNG Days Sales Outstanding?

Flex LNG's average Accounts Receivable for the three months ended in Dec. 2023 was $2.9 Mil. Flex LNG's Revenue for the three months ended in Dec. 2023 was $97.2 Mil. Hence, Flex LNG's Days Sales Outstanding for the three months ended in Dec. 2023 was 2.75.

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

FLNG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.63   Med: 4.98   Max: 16.51
Current: 4.14

During the past 13 years, Flex LNG's highest Days Sales Outstanding was 16.51. The lowest was 0.63. And the median was 4.98.

FLNG's Days Sales Outstanding is ranked better than
97.54% of 935 companies
in the Oil & Gas industry
Industry Median: 48.81 vs FLNG: 4.14

Flex LNG's Days Sales Outstanding increased from Dec. 2022 (2.35) to Dec. 2023 (2.75).


Flex LNG Days Sales Outstanding Historical Data

The historical data trend for Flex LNG'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.

Flex LNG Days Sales Outstanding Chart

Flex LNG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.51 10.51 4.95 5.31 2.61

Flex LNG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.35 4.98 5.60 5.22 2.75

Competitive Comparison of Flex LNG's Days Sales Outstanding

For the Oil & Gas Midstream subindustry, Flex LNG'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.


Flex LNG's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Flex LNG's Days Sales Outstanding falls into.



Flex LNG 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.

Flex LNG'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
=( (4.859 + 0.447) / 2 ) / 371.022*365
=2.653 / 371.022*365
=2.61

Flex LNG'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
=( (5.41 + 0.447) / 2 ) / 97.234*365 / 4
=2.9285 / 97.234*365 / 4
=2.75

* 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.


Flex LNG  (NYSE:FLNG) Days Sales Outstanding Explanation

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


Flex LNG Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Flex LNG's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.


Flex LNG (Flex LNG) Business Description

Industry
Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex LNG (Flex LNG) Headlines

From GuruFocus

Top 5 2nd Quarter Trades of Mondrian Investment Partners LTD

By GuruFocus Research GuruFocus Editor 08-10-2022

Connect Online with Major LNG and LPG Company Executives

By Marketwired Marketwired 03-26-2020

Mondrian Investment Partners LTD Buys 3, Sells 2 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-03-2023