Divergent Energy Services (TSXV:DVG) Days Sales Outstanding : 94.44 (As of Sep. 2023)

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What is Divergent Energy Services Days Sales Outstanding?

Divergent Energy Services's average Accounts Receivable for the three months ended in Sep. 2023 was C$2.56 Mil. Divergent Energy Services's Revenue for the three months ended in Sep. 2023 was C$2.47 Mil. Hence, Divergent Energy Services's Days Sales Outstanding for the three months ended in Sep. 2023 was 94.44.

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

TSXV:DVG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.32 Med: 47.22 Max: 260.3
Current: 54.49

During the past 13 years, Divergent Energy Services's highest Days Sales Outstanding was 260.30. The lowest was 28.32. And the median was 47.22.

TSXV:DVG's Days Sales Outstanding is ranked worse than
56.04% of 935 companies
in the Oil & Gas industry
Industry Median: 48.53 vs TSXV:DVG: 54.49

Divergent Energy Services's Days Sales Outstanding increased from Sep. 2022 (33.39) to Sep. 2023 (94.44).

Divergent Energy Services Days Sales Outstanding Historical Data

The historical data trend for Divergent Energy Services'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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Divergent Energy Services Days Sales Outstanding Chart

Divergent Energy Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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31.85

51.90

112.64

40.45

28.32

Divergent Energy Services 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															33.39	34.27	34.94	74.49	94.44

Competitive Comparison of Divergent Energy Services's Days Sales Outstanding

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

Divergent Energy Services's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

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

Divergent Energy Services 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.

Divergent Energy Services'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
=	( (1.123	+	1.513)	/	2 )	/	16.989	*	365
=	1.318					/	16.989	*	365
=	28.32

Divergent Energy Services'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
=	( (2.336	+	2.783)	/	2 )	/	2.473	*	365 / 4
=	2.5595					/	2.473	*	365 / 4
=	94.44

Divergent Energy Services (TSXV:DVG) Days Sales Outstanding Explanation

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

Divergent Energy Services Days Sales Outstanding Related Terms

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Divergent Energy Services (TSXV:DVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Divergent Energy Services Corp (TSXV:DVG) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

2020, 715-5 Avenue SW, Calgary, AB, CAN, T2P 2X6

Website

https://www.divergentenergyservices.com

Divergent Energy Services Corp provides Artificial Lift products and services for the oil and gas industries in the Northern Mountain States in the United States, more specifically Wyoming and Colorado. The company's product lines include Electric Submersible Pumps and the future development of Electromagnetic Pump technology.

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