Parker Drilling Co (Parker Drilling Co) Days Sales Outstanding : 97.42 (As of Dec. 2019)

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What is Parker Drilling Co Days Sales Outstanding?

Parker Drilling Co's average Accounts Receivable for the three months ended in Dec. 2019 was $166.8 Mil. Parker Drilling Co's Revenue for the three months ended in Dec. 2019 was $156.3 Mil. Hence, Parker Drilling Co's Days Sales Outstanding for the three months ended in Dec. 2019 was 97.42.

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

PKDC's Days Sales Outstanding is not ranked ^*
in the Oil & Gas industry.
Industry Median: 48.8
* Ranked among companies with meaningful Days Sales Outstanding only.

Parker Drilling Co's Days Sales Outstanding increased from Dec. 2018 (96.92) to Dec. 2019 (97.42).

Parker Drilling Co Days Sales Outstanding Historical Data

The historical data trend for Parker Drilling Co'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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Parker Drilling Co Days Sales Outstanding Chart

Parker Drilling Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Sales Outstanding

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114.05

123.02

97.22

98.29

87.77

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Days Sales Outstanding	Get a 7-Day Free Trial															96.92	79.10	95.16	94.04	97.42

Competitive Comparison of Parker Drilling Co's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Parker Drilling Co'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.

Parker Drilling Co's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Parker Drilling Co's Days Sales Outstanding falls into.

Parker Drilling Co 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.

Parker Drilling Co'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
=	( (136.437	+	166.456)	/	2 )	/	629.792	*	365
=	151.4465					/	629.792	*	365
=	87.77

Parker Drilling Co's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

	Days Sales Outstanding (Q: Dec. 2019 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2019 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )	/	Revenue (A: Dec. 2019 )	*	Days in Period
=	( (167.236	+	166.456)	/	2 )	/	156.281	*	365 / 4
=	166.846					/	156.281	*	365 / 4
=	97.42

Parker Drilling Co (OTCPK:PKDC) Days Sales Outstanding Explanation

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

Parker Drilling Co Days Sales Outstanding Related Terms

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Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.