Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Days Sales Outstanding : 56.52 (As of Dec. 2023)

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What is Burgan Company for Well Drilling Trading and MaintenanceK Days Sales Outstanding?

Burgan Company for Well Drilling Trading and MaintenanceK's average Accounts Receivable for the three months ended in Dec. 2023 was KWD7.89 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's Revenue for the three months ended in Dec. 2023 was KWD12.74 Mil. Hence, Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.52.

The historical rank and industry rank for Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding or its related term are showing as below:

KUW:ABAR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.58 Med: 57.17 Max: 91.05
Current: 57.77

During the past 13 years, Burgan Company for Well Drilling Trading and MaintenanceK's highest Days Sales Outstanding was 91.05. The lowest was 5.58. And the median was 57.17.

KUW:ABAR's Days Sales Outstanding is ranked worse than
59.79% of 935 companies
in the Oil & Gas industry
Industry Median: 49.16 vs KUW:ABAR: 57.77

Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding declined from Dec. 2022 (66.35) to Dec. 2023 (56.52).

Burgan Company for Well Drilling Trading and MaintenanceK Days Sales Outstanding Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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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Burgan Company for Well Drilling Trading and MaintenanceK Days Sales Outstanding Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar12

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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53.15

61.92

51.93

52.91

57.17

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															66.35	51.59	66.53	63.96	56.52

Competitive Comparison of Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding

For the Oil & Gas Drilling subindustry, Burgan Company for Well Drilling Trading and MaintenanceK'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.

Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding falls into.

Burgan Company for Well Drilling Trading and MaintenanceK 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.

Burgan Company for Well Drilling Trading and MaintenanceK's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (7.725	+	9.641)	/	2 )	/	55.436	*	365
=	8.683					/	55.436	*	365
=	57.17

Burgan Company for Well Drilling Trading and MaintenanceK'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
=	( (8.274	+	7.506)	/	2 )	/	12.739	*	365 / 4
=	7.89					/	12.739	*	365 / 4
=	56.52

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Days Sales Outstanding Explanation

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

Burgan Company for Well Drilling Trading and MaintenanceK Days Sales Outstanding Related Terms

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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK is engaged in the provision of drilling, exploration, and maintenance services of wells for oil and gas companies. It serves its clients to drill their deep, medium, and shallow wells and carry also workover operations for the same. The company's operating segment being Oil and Gas well services. Geographically, it operates and derives revenue only from Kuwait.

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