PrimeEnergy Resources (PrimeEnergy Resources) Days Sales Outstanding : 48.41 (As of Dec. 2023)

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What is PrimeEnergy Resources Days Sales Outstanding?

PrimeEnergy Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $18.8 Mil. PrimeEnergy Resources's Revenue for the three months ended in Dec. 2023 was $35.5 Mil. Hence, PrimeEnergy Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.41.

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

PNRG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.08 Med: 49.35 Max: 65.22
Current: 52.03

During the past 13 years, PrimeEnergy Resources's highest Days Sales Outstanding was 65.22. The lowest was 35.08. And the median was 49.35.

PNRG's Days Sales Outstanding is ranked worse than
53% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs PNRG: 52.03

PrimeEnergy Resources's Days Sales Outstanding increased from Dec. 2022 (36.50) to Dec. 2023 (48.41).

PrimeEnergy Resources Days Sales Outstanding Historical Data

The historical data trend for PrimeEnergy Resources'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.

PrimeEnergy Resources Days Sales Outstanding Chart

PrimeEnergy Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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40.88

65.22

55.48

35.08

48.10

PrimeEnergy Resources 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															36.50	46.93	58.46	56.98	48.41

Competitive Comparison of PrimeEnergy Resources's Days Sales Outstanding

For the Oil & Gas E&P subindustry, PrimeEnergy Resources'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.

PrimeEnergy Resources's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PrimeEnergy Resources's Days Sales Outstanding falls into.

PrimeEnergy Resources 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.

PrimeEnergy Resources'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
=	( (12.147	+	20.301)	/	2 )	/	123.125	*	365
=	16.224					/	123.125	*	365
=	48.10

PrimeEnergy Resources'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
=	( (17.372	+	20.301)	/	2 )	/	35.508	*	365 / 4
=	18.8365					/	35.508	*	365 / 4
=	48.41

PrimeEnergy Resources (NAS:PNRG) Days Sales Outstanding Explanation

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

PrimeEnergy Resources Days Sales Outstanding Related Terms

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PrimeEnergy Resources (PrimeEnergy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrimeEnergy Resources Corp (NAS:PNRG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

9821 Katy Freeway, Houston, TX, USA, 77024

Website

http://www.primeenergy.com

PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.

Executives

Rothschild Robert De	10 percent owner	1251 AVENUE OF THE AMERICAS 51ST FL, NEW YORK NY 10020
Clint Hurt	director	4015 HOLLAND #101, DALLAS TX 75219
Drimal Charles E Jr	director, 10 percent owner, officer: Chief Executive Officer	4015 HOLLAND #101, DALLAS TX 75219
Gaines Wehrle	director, 10 percent owner
Gifford Fong	director
Jan K Smeets	director	4015 HOLLAND #101, DALLAS TX 75219
Mcjunkin Red Man Holding Corp	10 percent owner	FULBRIGHT TOWER, 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Mcjunkin Red Man Corp	10 percent owner	2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Rene Pierre Azria	10 percent owner	C/O JARDEN CORP, 555 THEODORE FREMD AVE, RYE NY 10580
Gimbel Thomas S T	director
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Gs Capital Partners Vi Gmbh & Co Kg	10 percent owner	200 WEST STREET, New York NY 10282
Gs Capital Partners Vi Parallel Lp	10 percent owner	85 Broad St, New York NY 10004
Gs Advisors Vi, L.l.c.	10 percent owner	1209 ORANGE STREET, WILMINGTON DE 19801