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Laredo Oil (Laredo Oil) Days Sales Outstanding : 0.00 (As of Feb. 2024)


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What is Laredo Oil Days Sales Outstanding?

Laredo Oil's average Accounts Receivable for the three months ended in Feb. 2024 was $0.00 Mil. Laredo Oil's Revenue for the three months ended in Feb. 2024 was $0.01 Mil. Hence, Laredo Oil's Days Sales Outstanding for the three months ended in Feb. 2024 was 0.00.

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

During the past 13 years, Laredo Oil's highest Days Sales Outstanding was 92.34. The lowest was 13.43. And the median was 52.89.

LRDC's Days Sales Outstanding is not ranked *
in the Oil & Gas industry.
Industry Median: 48.945
* Ranked among companies with meaningful Days Sales Outstanding only.

Laredo Oil's Days Sales Outstanding stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00).

Laredo Oil Days Sales Outstanding Historical Data

The historical data trend for Laredo 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.

* Premium members only.

Laredo Oil Days Sales Outstanding Chart

Laredo Oil Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 13.43 92.34 -

Laredo Oil Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Laredo Oil's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Laredo 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.

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

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

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


Laredo 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.

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

Days Sales Outstanding (A: May. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count ) / Revenue (A: May. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0*365
=0 / 0*365
=N/A

Laredo Oil's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding (Q: Feb. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Nov. 2023 ) + Accounts Receivable (A: Feb. 2024 )) / count ) / Revenue (A: Feb. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.013*365 / 4
=0 / 0.013*365 / 4
=0.00

* 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.

Laredo Oil  (OTCPK:LRDC) Days Sales Outstanding Explanation

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

Laredo Oil Days Sales Outstanding Related Terms

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Laredo Oil (Laredo Oil) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Laredo Oil Inc (OTCPK:LRDC) » Definitions » Days Sales Outstanding
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Traded in Other Exchanges
N/A
Address
2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705
Website
https://www.laredo-oil.com
Laredo Oil Inc is an oil exploration and production company. It is engaged in managing the acquisition and conventional operation of mature oil fields and the further recovery of stranded oil from those fields using enhanced oil recovery (EOR) methods. The company focuses on EOR applications in depleted and mature oil fields.