Range Resources (FRA:RAX) Days Sales Outstanding : 33.60 (As of Mar. 2024)

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What is Range Resources Days Sales Outstanding?

Range Resources's average Accounts Receivable for the three months ended in Mar. 2024 was €203 Mil. Range Resources's Revenue for the three months ended in Mar. 2024 was €551 Mil. Hence, Range Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 33.60.

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

FRA:RAX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.59 Med: 47.14 Max: 54.02
Current: 34.5

During the past 13 years, Range Resources's highest Days Sales Outstanding was 54.02. The lowest was 32.59. And the median was 47.14.

FRA:RAX's Days Sales Outstanding is ranked better than
69.44% of 936 companies
in the Oil & Gas industry
Industry Median: 48.76 vs FRA:RAX: 34.50

Range Resources's Days Sales Outstanding declined from Mar. 2023 (41.38) to Mar. 2024 (33.60).

Range Resources Days Sales Outstanding Historical Data

The historical data trend for Range 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.

Range Resources Days Sales Outstanding Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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52.78

56.51

36.01

31.58

55.03

Range Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															41.38	39.72	32.13	34.85	33.60

Competitive Comparison of Range Resources's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Range 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.

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

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

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

Range 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.

Range Resources'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
=	( (454.111	+	251.871)	/	2 )	/	2341.343	*	365
=	352.991					/	2341.343	*	365
=	55.03

Range Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (251.871	+	153.838)	/	2 )	/	550.869	*	365 / 4
=	202.8545					/	550.869	*	365 / 4
=	33.60

Range Resources (FRA:RAX) Days Sales Outstanding Explanation

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

Range Resources Days Sales Outstanding Related Terms

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Range Resources (FRA:RAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (FRA:RAX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.