Cardinal Energy (Cardinal Energy) Days Sales Outstanding : 38.89 (As of Dec. 2023)

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What is Cardinal Energy Days Sales Outstanding?

Cardinal Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $47.3 Mil. Cardinal Energy's Revenue for the three months ended in Dec. 2023 was $111.1 Mil. Hence, Cardinal Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.89.

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

CRLFF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.32 Med: 34.44 Max: 55.59
Current: 38.74

During the past 12 years, Cardinal Energy's highest Days Sales Outstanding was 55.59. The lowest was 23.32. And the median was 34.44.

CRLFF's Days Sales Outstanding is ranked better than
62.31% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs CRLFF: 38.74

Cardinal Energy's Days Sales Outstanding declined from Dec. 2022 (39.27) to Dec. 2023 (38.89).

Cardinal Energy Days Sales Outstanding Historical Data

The historical data trend for Cardinal Energy'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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Cardinal Energy Days Sales Outstanding Chart

Cardinal Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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28.16

54.72

32.82

29.19

35.80

Cardinal Energy 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															39.27	42.69	40.16	36.40	38.89

Competitive Comparison of Cardinal Energy's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Cardinal Energy'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.

Cardinal Energy's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cardinal Energy's Days Sales Outstanding falls into.

Cardinal Energy 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.

Cardinal Energy'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
=	( (47.141	+	39.685)	/	2 )	/	442.558	*	365
=	43.413					/	442.558	*	365
=	35.80

Cardinal Energy'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
=	( (54.962	+	39.685)	/	2 )	/	111.052	*	365 / 4
=	47.3235					/	111.052	*	365 / 4
=	38.89

Cardinal Energy (OTCPK:CRLFF) Days Sales Outstanding Explanation

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

Cardinal Energy Days Sales Outstanding Related Terms

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Cardinal Energy (Cardinal Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cardinal Energy Ltd (OTCPK:CRLFF) » Definitions » Days Sales Outstanding

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C0Y:Germany CJ:Canada

Address

400 - 3rd Avenue SW, Suite 600, Calgary, AB, CAN, T2P 4H2

Website

https://www.cardinalenergy.ca

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.