California Resources (California Resources) Days Sales Outstanding : 34.50 (As of Dec. 2023)

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What is California Resources Days Sales Outstanding?

California Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $230 Mil. California Resources's Revenue for the three months ended in Dec. 2023 was $607 Mil. Hence, California Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 34.50.

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

CRC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.76 Med: 35.16 Max: 44.97
Current: 31.58

During the past 13 years, California Resources's highest Days Sales Outstanding was 44.97. The lowest was 14.76. And the median was 35.16.

CRC's Days Sales Outstanding is ranked better than
73.69% of 935 companies
in the Oil & Gas industry
Industry Median: 48.53 vs CRC: 31.58

California Resources's Days Sales Outstanding increased from Dec. 2022 (34.47) to Dec. 2023 (34.50).

California Resources Days Sales Outstanding Historical Data

The historical data trend for California 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.

California Resources Days Sales Outstanding Chart

California Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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39.03

30.03

31.99

35.16

California Resources 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															34.47	26.72	35.20	29.27	34.50

Competitive Comparison of California Resources's Days Sales Outstanding

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

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

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

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

California 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.

California Resources'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
=	( (326	+	216)	/	2 )	/	2813	*	365
=	271					/	2813	*	365
=	35.16

California Resources'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
=	( (243	+	216)	/	2 )	/	607	*	365 / 4
=	229.5					/	607	*	365 / 4
=	34.50

California Resources (NYSE:CRC) Days Sales Outstanding Explanation

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

California Resources Days Sales Outstanding Related Terms

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California Resources (California Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » California Resources Corp (NYSE:CRC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

1CLD:Germany

Address

1 World Trade Center, Suite 1500, Long Beach, CA, USA, 90831

Website

https://www.crc.com

California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. CRC has a large portfolio of lower-risk conventional opportunities in the following California oil and gas basins: San Joaquin, Los Angeles, Ventura, and Sacramento.

Executives

Omar Hayat	officer: EVP - Operations	1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
Peralta Manuela Molina	officer: EVP and CFO	1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
William B Roby	director	27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Goldentree Asset Management Lp	10 percent owner	300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Alejandra Veltmann	director	1500 CITYWEST BLVD., SUITE 800, HOUSTON TX 77042
Neeman Brady Nicole Elana	director	113 S. LA BREA BLVD., 3RD FLOOR, LOS ANGELES CA 90036
Christopher D. Gould	officer: EVP & Chief Sustainability Off	27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Ssf Iv Energy I Aiv 2, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Assf Operating Manager Iv, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Af V Energy Iv Aiv 1a, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Af V Energy Iv Aiv 1b, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Af V Energy Iv Aiv 2, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Ssf Iv Energy I Aiv 1a, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Acof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067