Greenfire Resources (Greenfire Resources) Days Sales Outstanding : 15.61 (As of Dec. 2023)

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What is Greenfire Resources Days Sales Outstanding?

Greenfire Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $20.6 Mil. Greenfire Resources's Revenue for the three months ended in Dec. 2023 was $120.6 Mil. Hence, Greenfire Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 15.61.

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

GFR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 10.89 Med: 12.04 Max: 47.22
Current: 29.34

During the past 4 years, Greenfire Resources's highest Days Sales Outstanding was 47.22. The lowest was 10.89. And the median was 12.04.

GFR's Days Sales Outstanding is ranked better than
77.48% of 937 companies
in the Oil & Gas industry
Industry Median: 48.81 vs GFR: 29.34

Greenfire Resources's Days Sales Outstanding increased from Dec. 2021 (0.00) to Dec. 2023 (15.61).

Greenfire Resources Days Sales Outstanding Historical Data

The historical data trend for Greenfire Resources'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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Greenfire Resources Days Sales Outstanding Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

47.22

10.89

12.04

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Sep23	Dec23
Days Sales Outstanding	-	15.89	11.32	15.73	15.61

Competitive Comparison of Greenfire Resources's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Greenfire Resources'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.

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

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

* The bar in red indicates where Greenfire Resources's Days Sales Outstanding falls into.

Greenfire Resources 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.

Greenfire Resources'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
=	( (16.509	+	16.735)	/	2 )	/	503.854	*	365
=	16.622					/	503.854	*	365
=	12.04

Greenfire Resources'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
=	( (24.51	+	16.735)	/	2 )	/	120.55	*	365 / 4
=	20.6225					/	120.55	*	365 / 4
=	15.61

Greenfire Resources (NYSE:GFR) Days Sales Outstanding Explanation

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

Greenfire Resources Days Sales Outstanding Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

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