Altai Resources (TSXV:ATI) Days Sales Outstanding : 20.28 (As of Sep. 2023)

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What is Altai Resources Days Sales Outstanding?

Altai Resources's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.01 Mil. Altai Resources's Revenue for the three months ended in Sep. 2023 was C$0.05 Mil. Hence, Altai Resources's Days Sales Outstanding for the three months ended in Sep. 2023 was 20.28.

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

TSXV:ATI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.15 Med: 75.53 Max: 181.72
Current: 83.27

During the past 13 years, Altai Resources's highest Days Sales Outstanding was 181.72. The lowest was 56.15. And the median was 75.53.

TSXV:ATI's Days Sales Outstanding is ranked worse than
77.75% of 935 companies
in the Oil & Gas industry
Industry Median: 48.81 vs TSXV:ATI: 83.27

Altai Resources's Days Sales Outstanding declined from Sep. 2022 (60.39) to Sep. 2023 (20.28).

Altai Resources Days Sales Outstanding Historical Data

The historical data trend for Altai Resources'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.

Altai Resources Days Sales Outstanding Chart

Altai Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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57.70

78.21

173.91

67.48

72.85

Altai Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															60.39	109.65	165.39	62.60	20.28

Competitive Comparison of Altai Resources's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Altai Resources'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.

Altai Resources's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Altai Resources's Days Sales Outstanding falls into.

Altai Resources 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.

Altai Resources's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.006	+	0.091)	/	2 )	/	0.243	*	365
=	0.0485					/	0.243	*	365
=	72.85

Altai Resources's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.005	+	0.019)	/	2 )	/	0.054	*	365 / 4
=	0.012					/	0.054	*	365 / 4
=	20.28

Altai Resources (TSXV:ATI) Days Sales Outstanding Explanation

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

Altai Resources Days Sales Outstanding Related Terms

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Altai Resources (TSXV:ATI) Business Description

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ARSEF:USA

Address

895 Don Mills Road, Suite 900, Two Morneau Shepell Centre, Toronto, ON, CAN, M3C 1W3

Website

http://www.altairesources.com

Altai Resources Inc is a Canadian based resource company, with a diversified portfolio of natural gas, oil and gold properties in Canada. It is engaged in the exploration and development of mineral properties. The company's properties portfolio includes Sorel-Trois Riviere's natural gas property, Cessford oil field, and Malartic gold project.