Secure Energy Services (Secure Energy Services) Days Sales Outstanding : 13.92 (As of Mar. 2024)

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What is Secure Energy Services Days Sales Outstanding?

Secure Energy Services's average Accounts Receivable for the three months ended in Mar. 2024 was $321 Mil. Secure Energy Services's Revenue for the three months ended in Mar. 2024 was $2,105 Mil. Hence, Secure Energy Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 13.92.

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

SECYF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.01 Med: 33.06 Max: 47.98
Current: 17.01

During the past 13 years, Secure Energy Services's highest Days Sales Outstanding was 47.98. The lowest was 17.01. And the median was 33.06.

SECYF's Days Sales Outstanding is ranked better than
96.55% of 232 companies
in the Waste Management industry
Industry Median: 72.87 vs SECYF: 17.01

Secure Energy Services's Days Sales Outstanding declined from Mar. 2023 (21.30) to Mar. 2024 (13.92).

Secure Energy Services Days Sales Outstanding Historical Data

The historical data trend for Secure Energy Services'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.

Secure Energy Services Days Sales Outstanding Chart

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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27.84

36.60

23.69

18.59

17.72

Secure Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															21.30	20.75	17.39	15.70	13.92

Competitive Comparison of Secure Energy Services's Days Sales Outstanding

For the Waste Management subindustry, Secure Energy Services'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.

Secure Energy Services's Days Sales Outstanding Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Secure Energy Services's Days Sales Outstanding distribution charts can be found below:

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

Secure Energy Services 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.

Secure Energy Services'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
=	( (330.512	+	266.1)	/	2 )	/	6144.902	*	365
=	298.306					/	6144.902	*	365
=	17.72

Secure Energy Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (266.1	+	376.034)	/	2 )	/	2104.758	*	365 / 4
=	321.067					/	2104.758	*	365 / 4
=	13.92

Secure Energy Services (OTCPK:SECYF) Days Sales Outstanding Explanation

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

Secure Energy Services Days Sales Outstanding Related Terms

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Secure Energy Services (Secure Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (OTCPK:SECYF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

SEP:Germany SES:Canada

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.