Journey Energy (TSX:JOY) Days Sales Outstanding : 43.48 (As of Mar. 2024)

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What is Journey Energy Days Sales Outstanding?

Journey Energy's average Accounts Receivable for the three months ended in Mar. 2024 was C$25.8 Mil. Journey Energy's Revenue for the three months ended in Mar. 2024 was C$54.1 Mil. Hence, Journey Energy's Days Sales Outstanding for the three months ended in Mar. 2024 was 43.48.

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

TSX:JOY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.84 Med: 41.23 Max: 63
Current: 46.15

During the past 11 years, Journey Energy's highest Days Sales Outstanding was 63.00. The lowest was 36.84. And the median was 41.23.

TSX:JOY's Days Sales Outstanding is ranked better than
53.26% of 935 companies
in the Oil & Gas industry
Industry Median: 49.29 vs TSX:JOY: 46.15

Journey Energy's Days Sales Outstanding declined from Mar. 2023 (46.11) to Mar. 2024 (43.48).

Journey Energy Days Sales Outstanding Historical Data

The historical data trend for Journey 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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Journey Energy Days Sales Outstanding Chart

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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39.65

63.00

40.01

36.84

42.45

Journey Energy 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															46.11	49.21	46.53	44.72	43.48

Competitive Comparison of Journey Energy's Days Sales Outstanding

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

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

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

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

Journey 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.

Journey 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
=	( (29.677	+	24.734)	/	2 )	/	233.898	*	365
=	27.2055					/	233.898	*	365
=	42.45

Journey Energy'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
=	( (24.734	+	26.809)	/	2 )	/	54.083	*	365 / 4
=	25.7715					/	54.083	*	365 / 4
=	43.48

Journey Energy (TSX:JOY) Days Sales Outstanding Explanation

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

Journey Energy Days Sales Outstanding Related Terms

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Journey Energy (TSX:JOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Craig Henry Hansen

Director