Diamondback Energy (Diamondback Energy) Days Sales Outstanding : 37.58 (As of Dec. 2023)

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What is Diamondback Energy Days Sales Outstanding?

Diamondback Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $913 Mil. Diamondback Energy's Revenue for the three months ended in Dec. 2023 was $2,217 Mil. Hence, Diamondback Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.58.

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

FANG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.56 Med: 51.57 Max: 72.27
Current: 34.92

During the past 13 years, Diamondback Energy's highest Days Sales Outstanding was 72.27. The lowest was 26.56. And the median was 51.57.

FANG's Days Sales Outstanding is ranked better than
68.95% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs FANG: 34.92

Diamondback Energy's Days Sales Outstanding increased from Dec. 2022 (34.22) to Dec. 2023 (37.58).

Diamondback Energy Days Sales Outstanding Historical Data

The historical data trend for Diamondback 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.

* Premium members only.

Diamondback Energy Days Sales Outstanding Chart

Diamondback Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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46.51

61.92

27.24

26.56

34.32

Diamondback Energy 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															34.22	35.41	34.68	32.73	37.58

Competitive Comparison of Diamondback Energy's Days Sales Outstanding

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

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

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

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

Diamondback 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.

Diamondback 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
=	( (722	+	846)	/	2 )	/	8339	*	365
=	784					/	8339	*	365
=	34.32

Diamondback Energy'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
=	( (980	+	846)	/	2 )	/	2217	*	365 / 4
=	913					/	2217	*	365 / 4
=	37.58

Diamondback Energy (NAS:FANG) Days Sales Outstanding Explanation

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

Diamondback Energy Days Sales Outstanding Related Terms

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Diamondback Energy (Diamondback Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (NAS:FANG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FANG:Mexico 7DB:Germany 7DB:Germany 7DB:Germany

Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.diamondbackenergy.com

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.

Executives

Van't Hof Matthew Kaes	officer: Sr. VP - Strategy & Corp Dev	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
David L Houston	director	14313 NORTH MAY AVENUE, OKLAHOMA CITY OK 73134
Matt Zmigrosky	officer: Exec. VP and General Counsel	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Steven E West	director	411 WEST PUTNAM AVE., SUITE 125, GREENWICH CT 06830
Daniel N Wesson	officer: Exec. VP - Operations	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Travis D. Stice	director, officer: Chief Executive Officer	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Frank D. Tsuru	director	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Rebecca A Klein	director	1411 E MISSION AVE, SPOKANE WA 99202
Teresa L. Dick	officer: CFO, Exec. VP, Assist. Sec.	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Jennifer Soliman	officer: Sr. VP and Chief HR Officer	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Russell Pantermuehl	officer: Exec. VP Reservoir Engineering	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Michael P Cross	director	515 CENTRAL PARK, OKLAHOMA CITY OK 73101
Thomas F. Hawkins	officer: Sr. VP - Land	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Stephanie K. Mains	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Vincent K Brooks	director	900 POLO CLUB DRIVE, AUSTIN TX 78737