Altex Industries (Altex Industries) Days Sales Outstanding

: 45.63 (As of Dec. 2023)

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Altex Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $0.00 Mil. Altex Industries's Revenue for the three months ended in Dec. 2023 was $0.01 Mil. Hence, Altex Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 45.63.

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

ALTX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.95 Med: 28.52 Max: 65.18
Current: 61.32

During the past 13 years, Altex Industries's highest Days Sales Outstanding was 65.18. The lowest was 17.95. And the median was 28.52.

ALTX's Days Sales Outstanding is ranked worse than
62.12% of 932 companies
in the Oil & Gas industry
Industry Median: 48.81 vs ALTX: 61.32

Altex Industries's Days Sales Outstanding increased from Dec. 2022 (21.06) to Dec. 2023 (45.63).

Altex Industries Days Sales Outstanding Historical Data

The historical data trend for Altex Industries'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.

Altex Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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24.89

20.28

28.52

Altex Industries 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															21.06	65.18	76.04	68.44	45.63

Competitive Comparison

For the Oil & Gas E&P subindustry, Altex Industries'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.

Altex Industries Days Sales Outstanding Distribution

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

* The bar in red indicates where Altex Industries's Days Sales Outstanding falls into.

Altex Industries 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.

Altex Industries's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.001	+	0.004)	/	2 )	/	0.032	*	365
=	0.0025					/	0.032	*	365
=	28.52

Altex Industries'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
=	( (0.004	+	0.002)	/	2 )	/	0.006	*	365 / 4
=	0.003					/	0.006	*	365 / 4
=	45.63

Altex Industries (OTCPK:ALTX) Days Sales Outstanding Explanation

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

Altex Industries Days Sales Outstanding Related Terms

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Altex Industries (Altex Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altex Industries Inc (OTCPK:ALTX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Colorado Boulevard, Suite 273, Denver, CO, USA, 80206-4084

Website

https://www.altexinc.com/

Altex Industries Inc is a US-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.

Executives

Jeffrey S Chernow	director	PO BOX 1057, BRECKENRIDGE CO 80424
Stephen Fante	director	PO BOX 1057, BRECKENRIDGE CO 80424

Altex Industries (Altex Industries) Headlines

From GuruFocus

Altex Industries Stock Is Estimated To Be Significantly Overvalued

By GF Value • 06-17-2021