Tamarack Valley Energy (Tamarack Valley Energy) Days Sales Outstanding : 32.45 (As of Dec. 2023)

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What is Tamarack Valley Energy Days Sales Outstanding?

Tamarack Valley Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $116 Mil. Tamarack Valley Energy's Revenue for the three months ended in Dec. 2023 was $326 Mil. Hence, Tamarack Valley Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 32.45.

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

TNEYF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.9 Med: 29 Max: 47.36
Current: 32.3

During the past 13 years, Tamarack Valley Energy's highest Days Sales Outstanding was 47.36. The lowest was 21.90. And the median was 29.00.

TNEYF's Days Sales Outstanding is ranked better than
72.91% of 934 companies
in the Oil & Gas industry
Industry Median: 48.81 vs TNEYF: 32.30

Tamarack Valley Energy's Days Sales Outstanding increased from Dec. 2022 (28.05) to Dec. 2023 (32.45).

Tamarack Valley Energy Days Sales Outstanding Historical Data

The historical data trend for Tamarack Valley 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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Tamarack Valley Energy Days Sales Outstanding Chart

Tamarack Valley Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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22.69

46.60

24.89

27.87

26.40

Tamarack Valley 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															28.05	35.96	34.11	32.63	32.45

Competitive Comparison of Tamarack Valley Energy's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Tamarack Valley 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.

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

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

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

Tamarack Valley 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.

Tamarack Valley 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
=	( (108.375	+	77.457)	/	2 )	/	1284.864	*	365
=	92.916					/	1284.864	*	365
=	26.40

Tamarack Valley 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
=	( (154.697	+	77.457)	/	2 )	/	326.392	*	365 / 4
=	116.077					/	326.392	*	365 / 4
=	32.45

Tamarack Valley Energy (OTCPK:TNEYF) Days Sales Outstanding Explanation

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

Tamarack Valley Energy Days Sales Outstanding Related Terms

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Tamarack Valley Energy (Tamarack Valley Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamarack Valley Energy Ltd (OTCPK:TNEYF) » Definitions » Days Sales Outstanding

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9TA1:Germany TVE:Canada

Address

308 4th Avenue SW, Suite 3300, Calgary, AB, CAN, T2P 0H7

Website

https://www.tamarackvalley.ca

Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.

Tamarack Valley Energy (Tamarack Valley Energy) Headlines

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