Northern Ocean (Northern Ocean) Days Sales Outstanding : 46.54 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Northern Ocean Days Sales Outstanding?

Northern Ocean's average Accounts Receivable for the three months ended in Mar. 2024 was $43.5 Mil. Northern Ocean's Revenue for the three months ended in Mar. 2024 was $85.2 Mil. Hence, Northern Ocean's Days Sales Outstanding for the three months ended in Mar. 2024 was 46.54.

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

NTNOF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.5 Med: 38.09 Max: 187.44
Current: 48.2

During the past 5 years, Northern Ocean's highest Days Sales Outstanding was 187.44. The lowest was 28.50. And the median was 38.09.

NTNOF's Days Sales Outstanding is ranked better than
50.7% of 935 companies
in the Oil & Gas industry
Industry Median: 48.8 vs NTNOF: 48.20

Northern Ocean's Days Sales Outstanding declined from Mar. 2023 (55.45) to Mar. 2024 (46.54).

Northern Ocean Days Sales Outstanding Historical Data

The historical data trend for Northern Ocean'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.

Northern Ocean Days Sales Outstanding Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

187.44

27.99

39.29

130.92

37.87

Northern Ocean Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															55.45	61.24	41.88	49.47	46.54

Competitive Comparison of Northern Ocean's Days Sales Outstanding

For the Oil & Gas Drilling subindustry, Northern Ocean'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.

Northern Ocean's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Northern Ocean's Days Sales Outstanding falls into.

Northern Ocean 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.

Northern Ocean'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
=	( (7.77	+	41.388)	/	2 )	/	236.923	*	365
=	24.579					/	236.923	*	365
=	37.87

Northern Ocean's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (41.388	+	45.512)	/	2 )	/	85.194	*	365 / 4
=	43.45					/	85.194	*	365 / 4
=	46.54

Northern Ocean (OTCPK:NTNOF) Days Sales Outstanding Explanation

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

Northern Ocean Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Northern Ocean's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Northern Ocean (Northern Ocean) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Ocean Ltd (OTCPK:NTNOF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NOLo:Sweden NOL:Norway

Address

14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08

Website

https://www.northernocean.no

Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns one semi-submersible rig, Deepsea Mira; and one semi-submersible rig currently under construction, Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation and One-time reimbursed costs.

Northern Ocean (Northern Ocean) Headlines

No Headlines