Altima Resources (Altima Resources) Days Sales Outstanding : 15.03 (As of Nov. 2023)

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What is Altima Resources Days Sales Outstanding?

Altima Resources's average Accounts Receivable for the three months ended in Nov. 2023 was $0.11 Mil. Altima Resources's Revenue for the three months ended in Nov. 2023 was $0.67 Mil. Hence, Altima Resources's Days Sales Outstanding for the three months ended in Nov. 2023 was 15.03.

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

ARSLF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.08 Med: 40.38 Max: 206.96
Current: 10.74

During the past 13 years, Altima Resources's highest Days Sales Outstanding was 206.96. The lowest was 3.08. And the median was 40.38.

ARSLF's Days Sales Outstanding is ranked better than
92.18% of 934 companies
in the Oil & Gas industry
Industry Median: 48.62 vs ARSLF: 10.74

Altima Resources's Days Sales Outstanding increased from Nov. 2022 (5.30) to Nov. 2023 (15.03).

Altima Resources Days Sales Outstanding Historical Data

The historical data trend for Altima 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.

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Altima Resources Days Sales Outstanding Chart

Altima Resources Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Feb22

Feb23

Days Sales Outstanding

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24.68

51.41

15.97

2.98

Altima Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Sales Outstanding	Get a 7-Day Free Trial															5.30	4.74	5.27	10.38	15.03

Competitive Comparison of Altima Resources's Days Sales Outstanding

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

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

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

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

Altima 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.

Altima Resources's Days Sales Outstanding for the fiscal year that ended in Feb. 2023 is calculated as

	Days Sales Outstanding (A: Feb. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )	/	Revenue (A: Feb. 2023 )	*	Days in Period
=	( (0.002	+	0.016)	/	2 )	/	1.102	*	365
=	0.009					/	1.102	*	365
=	2.98

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

	Days Sales Outstanding (Q: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (0.115	+	0.106)	/	2 )	/	0.671	*	365 / 4
=	0.1105					/	0.671	*	365 / 4
=	15.03

Altima Resources (OTCPK:ARSLF) Days Sales Outstanding Explanation

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

Altima Resources Days Sales Outstanding Related Terms

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Altima Resources (Altima Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altima Resources Ltd (OTCPK:ARSLF) » Definitions » Days Sales Outstanding

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ARH:Canada

Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

http://www.altimaresources.ca

Altima Resources Ltd is a junior energy company engaged in the exploration and development of petroleum and natural gas in Canada. The company operates in the petroleum and natural gas industry.

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