Teekay Tankers (Teekay Tankers) Days Sales Outstanding : 31.51 (As of Dec. 2023)

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What is Teekay Tankers Days Sales Outstanding?

Teekay Tankers's average Accounts Receivable for the three months ended in Dec. 2023 was $108 Mil. Teekay Tankers's Revenue for the three months ended in Dec. 2023 was $313 Mil. Hence, Teekay Tankers's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.51.

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

TNK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.56 Med: 30.88 Max: 49.54
Current: 32.76

During the past 13 years, Teekay Tankers's highest Days Sales Outstanding was 49.54. The lowest was 25.56. And the median was 30.88.

TNK's Days Sales Outstanding is ranked better than
72.06% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs TNK: 32.76

Teekay Tankers's Days Sales Outstanding increased from Dec. 2022 (24.15) to Dec. 2023 (31.51).

Teekay Tankers Days Sales Outstanding Historical Data

The historical data trend for Teekay Tankers'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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Teekay Tankers Days Sales Outstanding Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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32.78

27.15

26.01

27.09

28.98

Teekay Tankers 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															24.15	31.36	34.37	38.49	31.51

Competitive Comparison of Teekay Tankers's Days Sales Outstanding

For the Oil & Gas Midstream subindustry, Teekay Tankers'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.

Teekay Tankers's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Teekay Tankers's Days Sales Outstanding falls into.

Teekay Tankers 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.

Teekay Tankers'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
=	( (116.707	+	99.94)	/	2 )	/	1364.452	*	365
=	108.3235					/	1364.452	*	365
=	28.98

Teekay Tankers'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
=	( (116.434	+	99.94)	/	2 )	/	313.291	*	365 / 4
=	108.187					/	313.291	*	365 / 4
=	31.51

Teekay Tankers (NYSE:TNK) Days Sales Outstanding Explanation

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

Teekay Tankers Days Sales Outstanding Related Terms

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Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Days Sales Outstanding

Comparable Companies

DHT KNTK LPG GLP GLNG INSW GEL NVGS HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.