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ProPetro Holding's average Accounts Receivable for the three months ended in Dec. 2023 was $249 Mil. ProPetro Holding's Revenue for the three months ended in Dec. 2023 was $348 Mil. Hence, ProPetro Holding's Days Sales Outstanding for the three months ended in Dec. 2023 was 65.30.
The historical rank and industry rank for ProPetro Holding's Days Sales Outstanding or its related term are showing as below:
During the past 9 years, ProPetro Holding's highest Days Sales Outstanding was 85.82. The lowest was 36.92. And the median was 50.70.
ProPetro Holding's Days Sales Outstanding increased from Dec. 2022 (55.76) to Dec. 2023 (65.30).
The historical data trend for ProPetro Holding'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.
For the Oil & Gas Equipment & Services subindustry, ProPetro Holding'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.
For the Oil & Gas industry and Energy sector, ProPetro Holding's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where ProPetro Holding's Days Sales Outstanding falls into.
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.
ProPetro Holding'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 |
= | ( (215.925 | + | 237.012) | / | 2 ) | / | 1630.399 | * | 365 |
= | 226.4685 | / | 1630.399 | * | 365 | ||||
= | 50.70 |
ProPetro Holding'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 |
= | ( (260.757 | + | 237.012) | / | 2 ) | / | 347.776 | * | 365 / 4 |
= | 248.8845 | / | 347.776 | * | 365 / 4 | ||||
= | 65.30 |
* 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.
ProPetro Holding (NYSE:PUMP) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Thank you for viewing the detailed overview of ProPetro Holding's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Michele Vion Choka | director | 4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568 |
Phillip A Gobe | director, officer: Executive Chairman | 777 HIDDEN RIDGE, IRVING TX 75038 |
Elo Omavuezi | officer: Chief Accounting Officer | 1706 S. MIDKIFF ROAD, MIDLAND TX 79701 |
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Anthony James Best | director | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Royce Mitchell | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
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