FLSS (Forbes Energy Services) Days Sales Outstanding: 66.26 (As of Mar. 2020)

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FLSS Forbes Energy Services Ltd FLSS
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What is Forbes Energy Services Days Sales Outstanding?

Forbes Energy Services FLSS -90.00% 16 Days Sales Outstanding is 66.26 as of Mar. 2020. GuruFocus rates FLSS with a GF Score™ of 16/100.

Forbes Energy Services's average Accounts Receivable for the three months ended in Mar. 2020 was $22.1 Mil. Forbes Energy Services's Revenue for the three months ended in Mar. 2020 was $30.5 Mil. Hence, Forbes Energy Services's Days Sales Outstanding for the three months ended in Mar. 2020 was 66.26.

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

FLSS's Days Sales Outstanding is not ranked *
in the Oil & Gas industry.
Industry Median: 45.36
* Ranked among companies with meaningful Days Sales Outstanding only.

Forbes Energy Services's Days Sales Outstanding declined from Mar. 2019 (71.44) to Mar. 2020 (66.26).


Forbes Energy Services  (OTCPK:FLSS) Days Sales Outstanding Explanation

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


Forbes Energy Services Days Sales Outstanding Related Terms


Forbes Energy Services Days Sales Outstanding Historical Data

* Premium members only.

The historical data trend for Forbes Energy Services'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.

Forbes Energy Services Days Sales Outstanding Chart

Forbes Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.58 70.60 0.00 70.91 68.52

Forbes Energy Services Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 71.44 78.58 74.88 71.96 66.26

FLSS vs CRRTQ, HOSSQ, BANM: Days Sales Outstanding Comparison

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


Forbes Energy Services Days Sales Outstanding vs Oil & Gas Industry

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

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


FLSS
16GF Score
Forbes Energy Services Ltd FLSS
Days Sales Outstanding is just one metric. See GF Score™, valuation, warning signs, and more.
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Forbes Energy Services 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.

Forbes Energy Services's Days Sales Outstanding for the fiscal year that ended in Dec. 2019 is calculated as

Days Sales Outstanding (A: Dec. 2019 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2018 ) + Accounts Receivable (A: Dec. 2019 )) / count ) / Revenue (A: Dec. 2019 )*Days in Period
=( (45.95 + 24.789) / 2 ) / 188.422*365
=35.3695 / 188.422*365
=68.52

Forbes Energy Services's Days Sales Outstanding for the quarter that ended in Mar. 2020 is calculated as:

Days Sales Outstanding (Q: Mar. 2020 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Mar. 2020 )) / count ) / Revenue (A: Mar. 2020 )*Days in Period
=( (24.789 + 19.45) / 2 ) / 30.463*365 / 4
=22.1195 / 30.463*365 / 4
=66.26

* 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.

Frequently Asked Questions Learn more about Days Sales Outstanding →
What does a Days Sales Outstanding of 66.26 mean?
Forbes Energy Services (FLSS) has a Days Sales Outstanding of 66.26 as of Mar. 2020. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Forbes Energy Services and its competitors.
Is Forbes Energy Services' Days Sales Outstanding too high?
Forbes Energy Services' current Days Sales Outstanding is 66.26. The Oil & Gas industry median Days Sales Outstanding is 45.36. Forbes Energy Services' value of 66.26 is 46.1% above this industry median. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Forbes Energy Services' Days Sales Outstanding compare to CRRTQ and HOSSQ?
Forbes Energy Services' Days Sales Outstanding of 66.26 can be compared against companies in the Oil & Gas industry. The industry median Days Sales Outstanding is 45.36. Forbes Energy Services' value of 66.26 is 46.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Sales Outstanding for an Oil & Gas company?
The median Days Sales Outstanding among Oil & Gas companies is 45.36, based on 896 companies in the industry. Companies in the top quartile (top 25%) have a Days Sales Outstanding significantly above this median, while those in the bottom quartile fall well below. However, Days Sales Outstanding should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forbes Energy Services's current Days Sales Outstanding of 66.26 is 46.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Sales Outstanding mean?
A high Days Sales Outstanding can signal that a stock is expensive relative to its fundamentals. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Forbes Energy Services and its competitors. For the Oil & Gas industry, the median Days Sales Outstanding is 45.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forbes Energy Services's current Days Sales Outstanding is 66.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbes Energy Services stock overvalued right now?
Forbes Energy Services (FLSS) has a current Days Sales Outstanding of 66.26. The current Days Sales Outstanding is 66.26 and 46.1% above the Oil & Gas industry median of 45.36. Forbes Energy Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Sales Outstanding calculated?
Days Sales Outstanding is calculated from a company's financial statements. For Forbes Energy Services (FLSS), the current Days Sales Outstanding is 66.26 as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forbes Energy Services Business Description

Industry EnergyOil & Gas
Address 3000 South Business Highway 281, Alice, TX, USA, 78332
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
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