NXT Energy Solutions (TSX:SFD) Days Sales Outstanding : 38.02 (As of Dec. 2024)

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What is NXT Energy Solutions Days Sales Outstanding?

NXT Energy Solutions's average Accounts Receivable for the three months ended in Dec. 2024 was C$0.02 Mil. NXT Energy Solutions's Revenue for the three months ended in Dec. 2024 was C$0.04 Mil. Hence, NXT Energy Solutions's Days Sales Outstanding for the three months ended in Dec. 2024 was 38.02.

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

TSX:SFD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.09 Med: 128.14 Max: 2800.11
Current: 321.47

During the past 13 years, NXT Energy Solutions's highest Days Sales Outstanding was 2800.11. The lowest was 11.09. And the median was 128.14.

TSX:SFD's Days Sales Outstanding is ranked worse than
93.94% of 908 companies
in the Oil & Gas industry
Industry Median: 47.095 vs TSX:SFD: 321.47

NXT Energy Solutions's Days Sales Outstanding declined from Dec. 2023 (38.21) to Dec. 2024 (38.02).

NXT Energy Solutions Days Sales Outstanding Historical Data

The historical data trend for NXT Energy Solutions'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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NXT Energy Solutions Days Sales Outstanding Chart

NXT Energy Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Sales Outstanding

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2,800.11

93.75

295.78

499.04

NXT Energy Solutions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Sales Outstanding	Get a 7-Day Free Trial															38.21	193.11	-	-	38.02

Competitive Comparison of NXT Energy Solutions's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, NXT Energy Solutions'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.

NXT Energy Solutions's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where NXT Energy Solutions's Days Sales Outstanding falls into.

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NXT Energy Solutions 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.

NXT Energy Solutions's Days Sales Outstanding for the fiscal year that ended in Dec. 2024 is calculated as

	Days Sales Outstanding (A: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (1.739	+	0.022)	/	2 )	/	0.644	*	365
=	0.8805					/	0.644	*	365
=	499.04

NXT Energy Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding (Q: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2024 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (0.013	+	0.022)	/	2 )	/	0.042	*	365 / 4
=	0.0175					/	0.042	*	365 / 4
=	38.02

NXT Energy Solutions (TSX:SFD) Days Sales Outstanding Explanation

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

NXT Energy Solutions Days Sales Outstanding Related Terms

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NXT Energy Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NXT Energy Solutions Inc (TSX:SFD) » Definitions » Days Sales Outstanding

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NSFDF:USA

Address

3320 -17th Avenue SW, Suite 302, Calgary, AB, CAN, T3E 0B4

Website

https://www.nxtenergy.com

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the objective of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

Executives

Chee Pheng Cheng	10% Security Holder
Jeffrey Tilson	Director
Bruce G. Wilcox	Director, Senior Officer
John Tilson	Director
Eugene Darryl Woychyshyn	Senior Officer