Source Energy Services (TSX:SHLE) Days Sales Outstanding : 32.28 (As of Mar. 2024)

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What is Source Energy Services Days Sales Outstanding?

Source Energy Services's average Accounts Receivable for the three months ended in Mar. 2024 was C$60.0 Mil. Source Energy Services's Revenue for the three months ended in Mar. 2024 was C$169.6 Mil. Hence, Source Energy Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.28.

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

TSX:SHLE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.65 Med: 43.68 Max: 93.58
Current: 33.16

During the past 10 years, Source Energy Services's highest Days Sales Outstanding was 93.58. The lowest was 27.65. And the median was 43.68.

TSX:SHLE's Days Sales Outstanding is ranked better than
71.55% of 935 companies
in the Oil & Gas industry
Industry Median: 49.29 vs TSX:SHLE: 33.16

Source Energy Services's Days Sales Outstanding increased from Mar. 2023 (27.82) to Mar. 2024 (32.28).

Source Energy Services Days Sales Outstanding Historical Data

The historical data trend for Source Energy Services'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.

Source Energy Services Days Sales Outstanding Chart

Source Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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40.60

60.75

44.01

37.65

27.65

Source Energy Services 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															27.82	36.71	30.74	24.64	32.28

Competitive Comparison of Source Energy Services's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Source Energy Services'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.

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

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

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

Source Energy Services 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.

Source Energy Services'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
=	( (42.304	+	44.01)	/	2 )	/	569.748	*	365
=	43.157					/	569.748	*	365
=	27.65

Source Energy Services'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
=	( (44.01	+	75.973)	/	2 )	/	169.568	*	365 / 4
=	59.9915					/	169.568	*	365 / 4
=	32.28

Source Energy Services (TSX:SHLE) Days Sales Outstanding Explanation

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

Source Energy Services Days Sales Outstanding Related Terms

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Source Energy Services (TSX:SHLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Energy Services Ltd (TSX:SHLE) » Definitions » Days Sales Outstanding

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SCEYF:USA S4O0:Germany

Address

500, 1060 - 7th Street SW, Calgary, AB, CAN, T2R 0C4

Website

https://www.sourceenergyservices.com

Source Energy Services Ltd is a Canada based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system. The geographical segments of the group are the US Operations and Canadian Operations.

Executives

Derren James Newell

Senior Officer

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