Reach Subsea ASA (FRA:4RS) Days Sales Outstanding : 59.02 (As of Mar. 2024)

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What is Reach Subsea ASA Days Sales Outstanding?

Reach Subsea ASA's average Accounts Receivable for the three months ended in Mar. 2024 was €32.3 Mil. Reach Subsea ASA's Revenue for the three months ended in Mar. 2024 was €49.9 Mil. Hence, Reach Subsea ASA's Days Sales Outstanding for the three months ended in Mar. 2024 was 59.02.

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

FRA:4RS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.95 Med: 61.34 Max: 92.17
Current: 64.23

During the past 13 years, Reach Subsea ASA's highest Days Sales Outstanding was 92.17. The lowest was 22.95. And the median was 61.34.

FRA:4RS's Days Sales Outstanding is ranked worse than
64.17% of 935 companies
in the Oil & Gas industry
Industry Median: 49.16 vs FRA:4RS: 64.23

Reach Subsea ASA's Days Sales Outstanding declined from Mar. 2023 (94.05) to Mar. 2024 (59.02).

Reach Subsea ASA Days Sales Outstanding Historical Data

The historical data trend for Reach Subsea 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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Reach Subsea ASA Days Sales Outstanding Chart

Reach Subsea ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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84.72

45.20

64.14

58.24

35.91

Reach Subsea ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															94.05	56.07	71.88	67.61	59.02

Competitive Comparison of Reach Subsea ASA's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Reach Subsea 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.

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

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

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

Reach Subsea 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.

Reach Subsea 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
=	( (20.669	+	12.97)	/	2 )	/	170.944	*	365
=	16.8195					/	170.944	*	365
=	35.91

Reach Subsea ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (12.97	+	51.544)	/	2 )	/	49.872	*	365 / 4
=	32.257					/	49.872	*	365 / 4
=	59.02

Reach Subsea ASA (FRA:4RS) Days Sales Outstanding Explanation

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

Reach Subsea ASA Days Sales Outstanding Related Terms

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Reach Subsea ASA (FRA:4RS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (FRA:4RS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

REACHo:Sweden REACH:Norway

Address

Møllervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Reach Subsea ASA (FRA:4RS) Headlines

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