Horizon Oil (ASX:HZN) Days Sales Outstanding : 48.24 (As of Dec. 2023)

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What is Horizon Oil Days Sales Outstanding?

Horizon Oil's average Accounts Receivable for the six months ended in Dec. 2023 was A$26.4 Mil. Horizon Oil's Revenue for the six months ended in Dec. 2023 was A$100.0 Mil. Hence, Horizon Oil's Days Sales Outstanding for the six months ended in Dec. 2023 was 48.24.

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

ASX:HZN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.23 Med: 38.77 Max: 59.23
Current: 50.52

During the past 13 years, Horizon Oil's highest Days Sales Outstanding was 59.23. The lowest was 32.23. And the median was 38.77.

ASX:HZN's Days Sales Outstanding is ranked worse than
51.82% of 936 companies
in the Oil & Gas industry
Industry Median: 48.76 vs ASX:HZN: 50.52

Horizon Oil's Days Sales Outstanding declined from Dec. 2022 (49.12) to Dec. 2023 (48.24).

Horizon Oil Days Sales Outstanding Historical Data

The historical data trend for Horizon Oil'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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Horizon Oil Days Sales Outstanding Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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32.23

38.77

59.23

50.14

43.18

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															45.91	30.68	49.12	51.02	48.24

Competitive Comparison of Horizon Oil's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Horizon Oil'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.

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

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

* The bar in red indicates where Horizon Oil's Days Sales Outstanding falls into.

Horizon Oil 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.

Horizon Oil's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (25.738	+	27.343)	/	2 )	/	224.342	*	365
=	26.5405					/	224.342	*	365
=	43.18

Horizon Oil'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (27.343	+	25.531)	/	2 )	/	100.013	*	365 / 2
=	26.437					/	100.013	*	365 / 2
=	48.24

Horizon Oil (ASX:HZN) Days Sales Outstanding Explanation

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

Horizon Oil Days Sales Outstanding Related Terms

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Horizon Oil (ASX:HZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Horizon Oil Ltd (ASX:HZN) » Definitions » Days Sales Outstanding

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.