Drilling Tools International (Drilling Tools International) Days Sales Outstanding : 76.50 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Drilling Tools International Days Sales Outstanding?

Drilling Tools International's average Accounts Receivable for the three months ended in Dec. 2023 was $29.5 Mil. Drilling Tools International's Revenue for the three months ended in Dec. 2023 was $35.2 Mil. Hence, Drilling Tools International's Days Sales Outstanding for the three months ended in Dec. 2023 was 76.50.

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

DTI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 69.07 Med: 70.74 Max: 94.52
Current: 71.4

During the past 3 years, Drilling Tools International's highest Days Sales Outstanding was 94.52. The lowest was 69.07. And the median was 70.74.

DTI's Days Sales Outstanding is ranked worse than
70.86% of 937 companies
in the Oil & Gas industry
Industry Median: 48.81 vs DTI: 71.40

Drilling Tools International's Days Sales Outstanding increased from Dec. 2022 (72.18) to Dec. 2023 (76.50).

Drilling Tools International Days Sales Outstanding Historical Data

The historical data trend for Drilling Tools International'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.

Drilling Tools International Days Sales Outstanding Chart

Drilling Tools International Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

94.52

69.07

70.74

Drilling Tools International Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			72.18	66.36	73.05	71.10	76.50

Competitive Comparison of Drilling Tools International's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Drilling Tools International'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.

Drilling Tools International's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Drilling Tools International's Days Sales Outstanding falls into.

Drilling Tools International 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.

Drilling Tools International'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
=	( (28.998	+	29.929)	/	2 )	/	152.034	*	365
=	29.4635					/	152.034	*	365
=	70.74

Drilling Tools International'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
=	( (29.073	+	29.929)	/	2 )	/	35.189	*	365 / 4
=	29.501					/	35.189	*	365 / 4
=	76.50

Drilling Tools International (NAS:DTI) Days Sales Outstanding Explanation

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

Drilling Tools International Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Drilling Tools International's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Drilling Tools International (Drilling Tools International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Drilling Tools International Corp (NAS:DTI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3701 Briarpark Drive, Suite 150, Houston, TX, USA, 77042

Website

https://www.drillingtools.com

Drilling Tools International Corp Formerly Drilling Tools International Holdings Inc is an oilfield services company. It manufactures, rents, inspects, and refurbishes downhole drilling tools primarily for companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The Company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, Wyoming and international operations are located in Canada.

Executives

Thomas Monroe Patterson	director	801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Thomas O Hicks	director, 10 percent owner	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson	officer: Chief Financial Officer	27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean	director, officer: CEO, President	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr.	officer: President, DTR Division	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr.	director	4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional,	10 percent owner	2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Eric C Neuman	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst	director	2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Roc Energy Holdings, Llc	10 percent owner	16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes	director, officer: Chief Executive Officer	16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Rosemarie Cicalese	officer: Chief Financial Officer	16400 DALLAS PARKWAY, DALLAS TX 75248

Drilling Tools International (Drilling Tools International) Headlines

From GuruFocus

Drilling Tools International Corp. Closes on Acquisition of Deep Casing Tools

By PRNewswire • 03-18-2024

Drilling Tools International Corp. Amends and Extends ABL Credit Facility and Enters into New Term Loan

By PRNewswire • 03-18-2024