Solstad Offshore ASA (OSL:SOFF) Days Sales Outstanding : 86.93 (As of Sep. 2023)

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What is Solstad Offshore ASA Days Sales Outstanding?

Solstad Offshore ASA's average Accounts Receivable for the three months ended in Sep. 2023 was kr1,548 Mil. Solstad Offshore ASA's Revenue for the three months ended in Sep. 2023 was kr1,624 Mil. Hence, Solstad Offshore ASA's Days Sales Outstanding for the three months ended in Sep. 2023 was 86.93.

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

OSL:SOFF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 58.95 Med: 68.79 Max: 89.18
Current: 64.9

During the past 13 years, Solstad Offshore ASA's highest Days Sales Outstanding was 89.18. The lowest was 58.95. And the median was 68.79.

OSL:SOFF's Days Sales Outstanding is ranked worse than
71.4% of 965 companies
in the Transportation industry
Industry Median: 45.68 vs OSL:SOFF: 64.90

Solstad Offshore ASA's Days Sales Outstanding increased from Sep. 2022 (82.92) to Sep. 2023 (86.93).

Solstad Offshore ASA Days Sales Outstanding Historical Data

The historical data trend for Solstad Offshore ASA'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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Solstad Offshore ASA Days Sales Outstanding Chart

Solstad Offshore ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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77.78

66.06

65.13

58.95

59.41

Solstad Offshore ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															82.92	41.99	80.71	69.14	86.93

Competitive Comparison of Solstad Offshore ASA's Days Sales Outstanding

For the Marine Shipping subindustry, Solstad Offshore ASA'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.

Solstad Offshore ASA's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Solstad Offshore ASA's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Solstad Offshore ASA's Days Sales Outstanding falls into.

Solstad Offshore ASA 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.

Solstad Offshore ASA's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (816.745	+	1232.487)	/	2 )	/	6295.321	*	365
=	1024.616					/	6295.321	*	365
=	59.41

Solstad Offshore ASA's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (1722.99	+	1372.278)	/	2 )	/	1624.475	*	365 / 4
=	1547.634					/	1624.475	*	365 / 4
=	86.93

Solstad Offshore ASA (OSL:SOFF) Days Sales Outstanding Explanation

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

Solstad Offshore ASA Days Sales Outstanding Related Terms

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Solstad Offshore ASA (OSL:SOFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Solstad Offshore ASA (OSL:SOFF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SOFFO:Sweden SZL:Germany

Address

Nesavegen 39, Skudeneshavn, NOR, 4280

Website

https://www.solstad.com

Solstad Offshore ASA is an owner and operator of offshore service vessels, offering maritime services to the petroleum and renewable energy industries. Its operating segments include AHTS: anchor handling vessels; PSV: platform supply vessels; Subsea, which includes construction vessels operating subsea construction contracts; and Renewable segment includes vessels operating renewable contracts. The company generates the majority of its revenue from the Subsea segment.

Solstad Offshore ASA (OSL:SOFF) Headlines

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