TGS ASA (OSL:TGS) Days Sales Outstanding : 64.20 (As of Dec. 2023)

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What is TGS ASA Days Sales Outstanding?

TGS ASA's average Accounts Receivable for the three months ended in Dec. 2023 was kr1,405 Mil. TGS ASA's Revenue for the three months ended in Dec. 2023 was kr1,998 Mil. Hence, TGS ASA's Days Sales Outstanding for the three months ended in Dec. 2023 was 64.20.

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

OSL:TGS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.26 Med: 104.79 Max: 202.82
Current: 59.69

During the past 13 years, TGS ASA's highest Days Sales Outstanding was 202.82. The lowest was 52.26. And the median was 104.79.

OSL:TGS's Days Sales Outstanding is ranked worse than
60.6% of 934 companies
in the Oil & Gas industry
Industry Median: 48.81 vs OSL:TGS: 59.69

TGS ASA's Days Sales Outstanding increased from Dec. 2022 (52.73) to Dec. 2023 (64.20).

TGS ASA Days Sales Outstanding Historical Data

The historical data trend for TGS 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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TGS ASA Days Sales Outstanding Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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133.63

202.82

97.50

62.64

52.26

TGS ASA 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															52.73	59.59	55.33	67.03	64.20

Competitive Comparison of TGS ASA's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, TGS 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.

TGS ASA's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

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

TGS 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.

TGS ASA'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
=	( (1410.691	+	988.605)	/	2 )	/	8379.357	*	365
=	1199.648					/	8379.357	*	365
=	52.26

TGS ASA'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
=	( (1822.352	+	988.605)	/	2 )	/	1997.708	*	365 / 4
=	1405.4785					/	1997.708	*	365 / 4
=	64.20

TGS ASA (OSL:TGS) Days Sales Outstanding Explanation

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

TGS ASA Days Sales Outstanding Related Terms

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TGS ASA (OSL:TGS) Business Description

Industry

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Traded in Other Exchanges

TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.