Hemisphere Energy (TSXV:HME) Days Sales Outstanding : 2.62 (As of Dec. 2023)

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What is Hemisphere Energy Days Sales Outstanding?

Hemisphere Energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.64 Mil. Hemisphere Energy's Revenue for the three months ended in Dec. 2023 was C$22.42 Mil. Hence, Hemisphere Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 2.62.

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

TSXV:HME' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.65 Med: 2.38 Max: 42.45
Current: 2.34

During the past 13 years, Hemisphere Energy's highest Days Sales Outstanding was 42.45. The lowest was 0.65. And the median was 2.38.

TSXV:HME's Days Sales Outstanding is ranked better than
98.72% of 936 companies
in the Oil & Gas industry
Industry Median: 48.86 vs TSXV:HME: 2.34

Hemisphere Energy's Days Sales Outstanding increased from Dec. 2022 (0.59) to Dec. 2023 (2.62).

Hemisphere Energy Days Sales Outstanding Historical Data

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

Hemisphere Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.67

1.67

1.53

0.65

2.91

Hemisphere 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															0.59	3.33	3.08	0.26	2.62

Competitive Comparison of Hemisphere Energy's Days Sales Outstanding

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

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

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

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

Hemisphere 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.

Hemisphere 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
=	( (0.142	+	1.206)	/	2 )	/	84.472	*	365
=	0.674					/	84.472	*	365
=	2.91

Hemisphere 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
=	( (0.08	+	1.206)	/	2 )	/	22.423	*	365 / 4
=	0.643					/	22.423	*	365 / 4
=	2.62

Hemisphere Energy (TSXV:HME) Days Sales Outstanding Explanation

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

Hemisphere Energy Days Sales Outstanding Related Terms

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Hemisphere Energy (TSXV:HME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hemisphere Energy Corp (TSXV:HME) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

HMENF:USA N4Q1:Germany

Address

905 West Pender Street, Suite 501, Vancouver, BC, CAN, V6C 1L6

Website

https://www.hemisphereenergy.ca

Hemisphere Energy Corp is a Canadian oil company focused on the sustainable growth of its high netback, low decline conventional heavy oil assets through water and polymer flood-enhanced recovery methods. It specializes in the development of conventional oil pools using enhanced oil recoveries methods such as waterflood and polymer flood to maximize production and oil recovery. The company's oil assets are in the Manville oil play in the Atlee Buffalo and Jenner areas of southeastern Alberta.

Executives

Ashley Ramsden-wood

Senior Officer