Reconnaissance Energy Africa (TSXV:RECO) Days Sales Outstanding : 0.00 (As of Dec. 2023)

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What is Reconnaissance Energy Africa Days Sales Outstanding?

Reconnaissance Energy Africa's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.00 Mil. Reconnaissance Energy Africa's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil.

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

TSXV:RECO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0 Med: 0 Max: 884.3
Current: 884.3

During the past 13 years, Reconnaissance Energy Africa's highest Days Sales Outstanding was 884.30. The lowest was 0.00. And the median was 0.00.

TSXV:RECO's Days Sales Outstanding is ranked worse than
98.07% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs TSXV:RECO: 884.30

Reconnaissance Energy Africa's Days Sales Outstanding declined from Jun. 2022 (119.33) to Dec. 2023 (0.00).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Reconnaissance Energy Africa Days Sales Outstanding Historical Data

The historical data trend for Reconnaissance Energy Africa'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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Reconnaissance Energy Africa Days Sales Outstanding Chart

Reconnaissance Energy Africa Annual Data

Trend

Jun11

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Dec20

Days Sales Outstanding

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Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															119.33	140.67	221.07	-	-

Competitive Comparison of Reconnaissance Energy Africa's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.

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

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

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

Reconnaissance Energy Africa 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.

Reconnaissance Energy Africa's Days Sales Outstanding for the fiscal year that ended in Dec. 2020 is calculated as

	Days Sales Outstanding (A: Dec. 2020 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )	*	Days in Period
=	( (0.007	+	0)	/	1 )	/	0	*	365
=	0.007					/	0	*	365
=	N/A

Reconnaissance Energy Africa'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	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Reconnaissance Energy Africa (TSXV:RECO) Days Sales Outstanding Explanation

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

Reconnaissance Energy Africa Days Sales Outstanding Related Terms

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Reconnaissance Energy Africa (TSXV:RECO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (TSXV:RECO) » Definitions » Days Sales Outstanding

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RECAF:USA 0XD:Germany

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

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