Okmin Resources (Okmin Resources) Days Sales Outstanding : 37.69 (As of Dec. 2023)

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What is Okmin Resources Days Sales Outstanding?

Okmin Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $0.01 Mil. Okmin Resources's Revenue for the three months ended in Dec. 2023 was $0.02 Mil. Hence, Okmin Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.69.

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

OKMN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 92.85 Med: 103.95 Max: 126.96
Current: 126.96

During the past 3 years, Okmin Resources's highest Days Sales Outstanding was 126.96. The lowest was 92.85. And the median was 103.95.

OKMN's Days Sales Outstanding is ranked worse than
87.59% of 935 companies
in the Oil & Gas industry
Industry Median: 48.8 vs OKMN: 126.96

Okmin Resources's Days Sales Outstanding declined from Dec. 2022 (240.41) to Dec. 2023 (37.69).

Okmin Resources Days Sales Outstanding Historical Data

The historical data trend for Okmin 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.

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Okmin Resources Days Sales Outstanding Chart

Okmin Resources Annual Data

Trend

Jun21

Jun22

Jun23

Days Sales Outstanding

115.05

92.85

Okmin Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial							240.41	234.21	-	35.71	37.69

Competitive Comparison of Okmin Resources's Days Sales Outstanding

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

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

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

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

Okmin 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.

Okmin Resources's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0.029	+	0)	/	1 )	/	0.114	*	365
=	0.029					/	0.114	*	365
=	92.85

Okmin 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
=	( (0.009	+	0.01)	/	2 )	/	0.023	*	365 / 4
=	0.0095					/	0.023	*	365 / 4
=	37.69

Okmin Resources (OTCPK:OKMN) Days Sales Outstanding Explanation

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

Okmin Resources Days Sales Outstanding Related Terms

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Okmin Resources (Okmin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436

Website

https://www.okminresources.com

Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.

Executives

Roy Mansano	10 percent owner	5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski	director	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog	director, 10 percent owner, officer: President and CEO	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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