MEG Energy (TSX:MEG) Days Sales Outstanding : 18.67 (As of Dec. 2023)

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What is MEG Energy Days Sales Outstanding?

MEG Energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$334 Mil. MEG Energy's Revenue for the three months ended in Dec. 2023 was C$1,630 Mil. Hence, MEG Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 18.67.

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

TSX:MEG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.11 Med: 29.31 Max: 49.17
Current: 20.29

During the past 13 years, MEG Energy's highest Days Sales Outstanding was 49.17. The lowest was 1.11. And the median was 29.31.

TSX:MEG's Days Sales Outstanding is ranked better than
86.08% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs TSX:MEG: 20.29

MEG Energy's Days Sales Outstanding increased from Dec. 2022 (18.57) to Dec. 2023 (18.67).

MEG Energy Days Sales Outstanding Historical Data

The historical data trend for MEG 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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MEG Energy Days Sales Outstanding Chart

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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25.66

49.17

30.71

14.24

1.11

MEG 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															18.57	17.63	34.33	30.80	18.67

Competitive Comparison of MEG Energy's Days Sales Outstanding

For the Oil & Gas E&P subindustry, MEG 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.

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

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

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

MEG 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.

MEG 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
=	( (16	+	21)	/	2 )	/	6109	*	365
=	18.5					/	6109	*	365
=	1.11

MEG 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
=	( (646	+	21)	/	2 )	/	1630	*	365 / 4
=	333.5					/	1630	*	365 / 4
=	18.67

MEG Energy (TSX:MEG) Days Sales Outstanding Explanation

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

MEG Energy Days Sales Outstanding Related Terms

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MEG Energy (TSX:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (TSX:MEG) » Definitions » Days Sales Outstanding

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MEGEF:USA ME7:Germany

Address

600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5

Website

https://www.megenergy.com

MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.

Executives

David Michael Granger

Senior Officer