Logan energy (TSXV:LGN) Days Sales Outstanding : 26.24 (As of Dec. 2023)

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What is Logan energy Days Sales Outstanding?

Logan energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$8.49 Mil. Logan energy's Revenue for the three months ended in Dec. 2023 was C$29.52 Mil. Hence, Logan energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 26.24.

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

TSXV:LGN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25 Med: 35.52 Max: 46.03
Current: 43.31

During the past 2 years, Logan energy's highest Days Sales Outstanding was 46.03. The lowest was 25.00. And the median was 35.52.

TSXV:LGN's Days Sales Outstanding is ranked better than
55.66% of 936 companies
in the Oil & Gas industry
Industry Median: 48.81 vs TSXV:LGN: 43.31

Logan energy's Days Sales Outstanding declined from Dec. 2022 (29.94) to Dec. 2023 (26.24).

Logan energy Days Sales Outstanding Historical Data

The historical data trend for Logan energy'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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Logan energy Days Sales Outstanding Chart

Logan energy Annual Data

Trend

Dec22

Dec23

Days Sales Outstanding

25.00

46.03

Logan energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			29.94	-	24.42	22.07	26.24

Competitive Comparison of Logan energy's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Logan energy'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.

Logan energy's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Logan energy's Days Sales Outstanding falls into.

Logan energy 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.

Logan energy's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (8.758	+	11.985)	/	2 )	/	82.246	*	365
=	10.3715					/	82.246	*	365
=	46.03

Logan energy'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
=	( (4.989	+	11.985)	/	2 )	/	29.516	*	365 / 4
=	8.487					/	29.516	*	365 / 4
=	26.24

Logan energy (TSXV:LGN) Days Sales Outstanding Explanation

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

Logan energy Days Sales Outstanding Related Terms

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Logan energy (TSXV:LGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Logan energy corp (TSXV:LGN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

LOECF:USA R76:Germany

Address

308 - 4 Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 3C4

Website

https://www.loganenergycorp.com

Logan energy corp is a growth-oriented exploration, development and production company. It is founded with strong initial capitalization and three high-quality and opportunity-rich Montney assets located in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia. The company carries on the exploration,development and production of oil and natural gas.

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