Flotek Industries (Flotek Industries) Days Sales Outstanding

: 95.81 (As of Dec. 2023)

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Flotek Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $44.3 Mil. Flotek Industries's Revenue for the three months ended in Dec. 2023 was $42.2 Mil. Hence, Flotek Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 95.81.

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

FTK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 61.59 Med: 80.36 Max: 105.7
Current: 82.35

During the past 13 years, Flotek Industries's highest Days Sales Outstanding was 105.70. The lowest was 61.59. And the median was 80.36.

FTK's Days Sales Outstanding is ranked worse than
77.62% of 934 companies
in the Oil & Gas industry
Industry Median: 48.76 vs FTK: 82.35

Flotek Industries's Days Sales Outstanding increased from Dec. 2022 (80.74) to Dec. 2023 (95.81).

Flotek Industries Days Sales Outstanding Historical Data

The historical data trend for Flotek Industries'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.

Flotek Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

80.56

94.11

105.70

73.91

87.41

Flotek Industries 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																80.74	79.51	73.70	77.43	95.81

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Flotek Industries'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.

Flotek Industries Days Sales Outstanding Distribution

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

* The bar in red indicates where Flotek Industries's Days Sales Outstanding falls into.

Flotek Industries 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.

Flotek Industries'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
=	( (41.819	+	48.256)	/	2 )	/	188.058	*	365
=	45.0375					/	188.058	*	365
=	87.41

Flotek Industries'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
=	( (40.333	+	48.256)	/	2 )	/	42.188	*	365 / 4
=	44.2945					/	42.188	*	365 / 4
=	95.81

Flotek Industries (NYSE:FTK) Days Sales Outstanding Explanation

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

Flotek Industries Days Sales Outstanding Related Terms

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Flotek Industries (Flotek Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flotek Industries Inc (NYSE:FTK) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

8846 North Sam Houston Parkway West, Suite 150, Houston, TX, USA, 77064

Website

https://www.flotekind.com

Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.

Executives

David Nierenberg	director	19605 NE 8TH STREET, CAMAS WA 98607
Ryan Gillis Ezell	officer: SVP, Operations	10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064
Matthew Wilks	director	17010 IH-20, CISCO TX 76437
James Bond Clement	officer: Chief Financial Officer	400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Harshavardhan V Agadi	director	5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022
Gibson John W Jr	director, officer: CEO and President	10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
Profrac Holding Corp.	10 percent owner	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Evan R Farber	director	7903 KENTUCKY AVE., BETHESDA MD 20814
Seham Saleh Carson	officer: Interim CFO	3318 RAVENS ROOST, MISSOURI CITY TX 77459
Profrac Holdings Ii, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Profrac Holdings, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Thrc Management, Llc	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Thrc Holdings, Lp	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437