Forza Petroleum (TSX:FORZ) Days Sales Outstanding : 347.25 (As of Sep. 2023)

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What is Forza Petroleum Days Sales Outstanding?

Forza Petroleum's average Accounts Receivable for the three months ended in Sep. 2023 was C$74.2 Mil. Forza Petroleum's Revenue for the three months ended in Sep. 2023 was C$19.5 Mil. Hence, Forza Petroleum's Days Sales Outstanding for the three months ended in Sep. 2023 was 347.25.

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

TSX:FORZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 50.45 Med: 59.81 Max: 178.62
Current: 178.62

During the past 11 years, Forza Petroleum's highest Days Sales Outstanding was 178.62. The lowest was 50.45. And the median was 59.81.

TSX:FORZ's Days Sales Outstanding is not ranked
in the Oil & Gas industry.
Industry Median: 49.24 vs TSX:FORZ: 178.62

Forza Petroleum's Days Sales Outstanding increased from Sep. 2022 (66.22) to Sep. 2023 (347.25).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Forza Petroleum Days Sales Outstanding Historical Data

The historical data trend for Forza Petroleum'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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Forza Petroleum Days Sales Outstanding Chart

Forza Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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55.06

67.24

130.90

56.01

52.72

Forza Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															66.22	103.37	113.43	3,894.48	347.25

Competitive Comparison of Forza Petroleum's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Forza Petroleum'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.

Forza Petroleum's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Forza Petroleum's Days Sales Outstanding falls into.

Forza Petroleum 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.

Forza Petroleum's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (42.234	+	84.815)	/	2 )	/	439.84	*	365
=	63.5245					/	439.84	*	365
=	52.72

Forza Petroleum's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (72.854	+	75.604)	/	2 )	/	19.506	*	365 / 4
=	74.229					/	19.506	*	365 / 4
=	347.25

Forza Petroleum (TSX:FORZ) Days Sales Outstanding Explanation

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

Forza Petroleum Days Sales Outstanding Related Terms

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

Forza Petroleum (TSX:FORZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forza Petroleum Ltd (TSX:FORZ) » Definitions » Days Sales Outstanding

Comparable Companies

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ORXPF:USA OYX0:Germany

Address

7th Avenue SW, 3400 First Canadian Centre 350, Calgary, AB, CAN, T2P 3N9

Website

https://www.forzapetroleum.com

Forza Petroleum Ltd is engaged in the acquisition and development of exploration and production assets to produce hydrocarbons and to increase oil and gas reserves. The company holds interests in and operates the Hawler license area in the Kurdistan Region of Iraq.

Executives

Yann Hervé Didier Marie Chiffoleau

Senior Officer