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FET (Forum Energy Technologies) Days Sales Outstanding : 71.87 (As of Sep. 2024)


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What is Forum Energy Technologies Days Sales Outstanding?

Forum Energy Technologies's average Accounts Receivable for the three months ended in Sep. 2024 was $163.7 Mil. Forum Energy Technologies's Revenue for the three months ended in Sep. 2024 was $207.8 Mil. Hence, Forum Energy Technologies's Days Sales Outstanding for the three months ended in Sep. 2024 was 71.87.

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

FET' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.37   Med: 71.24   Max: 83.61
Current: 72.39

During the past 13 years, Forum Energy Technologies's highest Days Sales Outstanding was 83.61. The lowest was 56.37. And the median was 71.24.

FET's Days Sales Outstanding is ranked worse than
70.99% of 917 companies
in the Oil & Gas industry
Industry Median: 48.77 vs FET: 72.39

Forum Energy Technologies's Days Sales Outstanding declined from Sep. 2023 (83.20) to Sep. 2024 (71.87).


Forum Energy Technologies Days Sales Outstanding Historical Data

The historical data trend for Forum Energy Technologies'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.

Forum Energy Technologies Days Sales Outstanding Chart

Forum Energy Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.73 83.61 68.98 72.53 74.35

Forum Energy Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 83.20 75.03 69.60 72.53 71.87

Competitive Comparison of Forum Energy Technologies's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies'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.


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

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

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



Forum Energy Technologies 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.

Forum Energy Technologies'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
=( (154.247 + 146.747) / 2 ) / 738.864*365
=150.497 / 738.864*365
=74.35

Forum Energy Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding (Q: Sep. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2024 ) + Accounts Receivable (A: Sep. 2024 )) / count ) / Revenue (A: Sep. 2024 )*Days in Period
=( (164.247 + 163.084) / 2 ) / 207.806*365 / 4
=163.6655 / 207.806*365 / 4
=71.87

* 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.


Forum Energy Technologies  (NYSE:FET) Days Sales Outstanding Explanation

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


Forum Energy Technologies Days Sales Outstanding Related Terms

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Forum Energy Technologies Business Description

Traded in Other Exchanges
Address
10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064
Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole which is also its key revenue generating segment, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors among others.
Executives
Neal Lux officer: SVP Operations 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
John C Ivascu officer: SVP and General Counsel 920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
C Christopher Gaut director, officer: President, CEO & COB 1401 MCKINNEY STREET, SUITE 2400, HOUSTON TX 77010
Katherine Campbell Keller officer: VP PAO 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Scf Partners, Inc. 10 percent owner, other: Member of Group 600 TRAVIS STE 6600, HOUSTON TX 77002
Rowsey Paul E Iii director CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102
Emily Reichert director 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Evelyn M Angelle director 10200 BELLAIRE BLVD., 2NE-12A, HOUSTON TX 77072
David C Baldwin director 11700 OLD KATY ROAD, SUITE 300, HOUSTON TX 77079
Andrew L Waite director
Michael Dewayne Danford officer: VP - Human Resources 3300 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
John Mcelroy officer: Principal Accounting Officer 10344 SAM HOUSTON PARK DRIVE, HOUSTON TX 77064
Scf Gp Llc 10 percent owner 600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Prady Iyyanki officer: EVP & Chief Operating Officer 920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
James Whelan Harris officer: SVP & CFO 920 MEMORIAL CITY WAY, STE. 800, HOUSTON TX 77024