NRIS (Norris Industries) Days Sales Outstanding : 21.92 (As of Aug. 2024)

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What is Norris Industries Days Sales Outstanding?

Norris Industries's average Accounts Receivable for the three months ended in Aug. 2024 was $0.02 Mil. Norris Industries's Revenue for the three months ended in Aug. 2024 was $0.08 Mil. Hence, Norris Industries's Days Sales Outstanding for the three months ended in Aug. 2024 was 21.92.

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

NRIS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.6 Med: 38.51 Max: 161.76
Current: 23.84

During the past 10 years, Norris Industries's highest Days Sales Outstanding was 161.76. The lowest was 19.60. And the median was 38.51.

NRIS's Days Sales Outstanding is ranked better than
83.21% of 917 companies
in the Oil & Gas industry
Industry Median: 48.71 vs NRIS: 23.84

Norris Industries's Days Sales Outstanding declined from Aug. 2023 (36.83) to Aug. 2024 (21.92).

Norris Industries Days Sales Outstanding Historical Data

The historical data trend for Norris Industries'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.

Norris Industries Days Sales Outstanding Chart

Norris Industries Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Sales Outstanding

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35.03

46.93

41.99

32.96

22.67

Norris Industries Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Sales Outstanding	Get a 7-Day Free Trial															36.83	30.42	23.10	18.71	21.92

Competitive Comparison of Norris Industries's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Norris Industries'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.

Norris Industries's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Norris Industries's Days Sales Outstanding falls into.

Norris Industries 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.

Norris Industries's Days Sales Outstanding for the fiscal year that ended in Feb. 2024 is calculated as

	Days Sales Outstanding (A: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (0.024	+	0.017)	/	2 )	/	0.33	*	365
=	0.0205					/	0.33	*	365
=	22.67

Norris Industries's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding (Q: Aug. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2024 )	+	Accounts Receivable (A: Aug. 2024 ))	/	count )	/	Revenue (A: Aug. 2024 )	*	Days in Period
=	( (0.024	+	0.013)	/	2 )	/	0.077	*	365 / 4
=	0.0185					/	0.077	*	365 / 4
=	21.92

Norris Industries (OTCPK:NRIS) Days Sales Outstanding Explanation

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

Norris Industries Days Sales Outstanding Related Terms

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Norris Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norris Industries Inc (OTCPK:NRIS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Palo Pinto Street, Suite B, Weatherford, TX, USA, 76086

Website

http://www.iwpetroleum.com

Norris Industries Inc is an oil and gas exploration company managed by business and oil and gas exploration veterans specializing in the oil and gas acquisition and exploration markets of the Central West Texas region. The company is engaged in the acquisition, development, and exploration of crude oil and natural gas properties. Its projects include Dawson in Permian Basin, Bend Arch Tiger in Central West Texas, Guadalupe in South Texas, Bend Arch Lion 1A, Bend Arch Lion 1B in Central West Texas, and Marshall Walden in East Texas.

Executives

Patrick L. Norris	director, 10 percent owner, officer: CEO, Pres, Sec, Treasurer	409 TERRELL CRT, NEW IBERIA LA 90563
Ross Henry Ramsey	director, officer: President, CEO, CFO	401 BOYD DR #3116, GRAPEVINE TX 76051
Benjamin B Tran	director	49 MONTEREY PINE DR., NEWPORT COAST CA 92657

Norris Industries Headlines

From GuruFocus

Norris Industries Releases Shareholder Update with Expansion Plan

By Marketwired Marketwired • 07-24-2019