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Grand Gulf Energy (ASX:GGE) Days Sales Outstanding : 340.37 (As of Dec. 2023)


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What is Grand Gulf Energy Days Sales Outstanding?

Grand Gulf Energy's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.49 Mil. Grand Gulf Energy's Revenue for the six months ended in Dec. 2023 was A$0.26 Mil. Hence, Grand Gulf Energy's Days Sales Outstanding for the six months ended in Dec. 2023 was 340.37.

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

ASX:GGE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.95   Med: 56.53   Max: 390.41
Current: 390.41

During the past 13 years, Grand Gulf Energy's highest Days Sales Outstanding was 390.41. The lowest was 39.95. And the median was 56.53.

ASX:GGE's Days Sales Outstanding is ranked worse than
95.92% of 931 companies
in the Oil & Gas industry
Industry Median: 48.99 vs ASX:GGE: 390.41

Grand Gulf Energy's Days Sales Outstanding increased from Dec. 2022 (166.15) to Dec. 2023 (340.37).

Warning Sign:

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

Grand Gulf Energy Days Sales Outstanding Historical Data

The historical data trend for Grand Gulf 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.

* Premium members only.

Grand Gulf Energy Days Sales Outstanding Chart

Grand Gulf Energy Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.82 45.52 54.54 93.64 237.91

Grand Gulf Energy Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.74 193.03 166.15 442.59 340.37

Competitive Comparison of Grand Gulf Energy's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Grand Gulf 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.

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

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

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


Grand Gulf 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.

Grand Gulf Energy's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

Days Sales Outstanding (A: Jun. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count ) / Revenue (A: Jun. 2023 )*Days in Period
=( (0.462 + 0.444) / 2 ) / 0.695*365
=0.453 / 0.695*365
=237.91

Grand Gulf 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: Jun. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (0.444 + 0.537) / 2 ) / 0.263*365 / 2
=0.4905 / 0.263*365 / 2
=340.37

* 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.

Grand Gulf Energy  (ASX:GGE) Days Sales Outstanding Explanation

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

Grand Gulf Energy Days Sales Outstanding Related Terms

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Grand Gulf Energy (ASX:GGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Grand Gulf Energy Ltd (ASX:GGE) » Definitions » Days Sales Outstanding
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Traded in Other Exchanges
GRGUF:USA
Address
56 Kings Park Road, Suite 1G, West Perth, Perth, WA, AUS, 6005
Website
https://www.grandgulfenergy.com
Grand Gulf Energy Ltd is engaged in the exploration, evaluation, and development of oil and gas leases. Its projects include Red Helium Project. The company has one operating segment, being oil & gas production and exploration operations (including exploration for Helium).