Cue Energy Resources (ASX:CUE) Days Sales Outstanding : 66.65 (As of Dec. 2023)

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What is Cue Energy Resources Days Sales Outstanding?

Cue Energy Resources's average Accounts Receivable for the six months ended in Dec. 2023 was A$10.70 Mil. Cue Energy Resources's Revenue for the six months ended in Dec. 2023 was A$29.29 Mil. Hence, Cue Energy Resources's Days Sales Outstanding for the six months ended in Dec. 2023 was 66.65.

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

ASX:CUE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.56 Med: 42.86 Max: 71.64
Current: 71.64

During the past 13 years, Cue Energy Resources's highest Days Sales Outstanding was 71.64. The lowest was 24.56. And the median was 42.86.

ASX:CUE's Days Sales Outstanding is ranked worse than
69.95% of 935 companies
in the Oil & Gas industry
Industry Median: 49.24 vs ASX:CUE: 71.64

Cue Energy Resources's Days Sales Outstanding declined from Dec. 2022 (70.53) to Dec. 2023 (66.65).

Cue Energy Resources Days Sales Outstanding Historical Data

The historical data trend for Cue Energy Resources'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.

* Premium members only.

Cue Energy Resources Days Sales Outstanding Chart

Cue Energy Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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34.67

24.56

58.33

47.43

52.53

Cue Energy Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															61.80	46.06	70.53	68.12	66.65

Competitive Comparison of Cue Energy Resources's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Cue Energy Resources'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.

Cue Energy Resources's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

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

Cue Energy Resources 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.

Cue Energy Resources's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (6.344	+	8.51)	/	2 )	/	51.605	*	365
=	7.427					/	51.605	*	365
=	52.53

Cue Energy Resources'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (8.51	+	12.885)	/	2 )	/	29.291	*	365 / 2
=	10.6975					/	29.291	*	365 / 2
=	66.65

Cue Energy Resources (ASX:CUE) Days Sales Outstanding Explanation

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

Cue Energy Resources Days Sales Outstanding Related Terms

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Cue Energy Resources (ASX:CUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cue Energy Resources Ltd (ASX:CUE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-16 Queen Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.cuenrg.com.au

Cue Energy Resources Ltd is an oil and gas exploration, development, and production company. Its geographical segments include : Australia, being the Amadeus Basin assets, Maari in New Zealand and Sampang and Mahato in Indonesia. The company derives a majority of revenue from Indonesia region. Its project portfolio consists of Carnarvon Basin, Taranaki Basin, East Java basin, Kutei basin, and Central Sumatra basin.