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Kelt Exploration (TSX:KEL) Days Sales Outstanding : 33.97 (As of Mar. 2024)


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What is Kelt Exploration Days Sales Outstanding?

Kelt Exploration's average Accounts Receivable for the three months ended in Mar. 2024 was C$47.1 Mil. Kelt Exploration's Revenue for the three months ended in Mar. 2024 was C$126.4 Mil. Hence, Kelt Exploration's Days Sales Outstanding for the three months ended in Mar. 2024 was 33.97.

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

TSX:KEL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.89   Med: 32.88   Max: 47.75
Current: 34.41

During the past 12 years, Kelt Exploration's highest Days Sales Outstanding was 47.75. The lowest was 16.89. And the median was 32.88.

TSX:KEL's Days Sales Outstanding is ranked better than
68.88% of 932 companies
in the Oil & Gas industry
Industry Median: 48.945 vs TSX:KEL: 34.41

Kelt Exploration's Days Sales Outstanding declined from Mar. 2023 (39.77) to Mar. 2024 (33.97).


Kelt Exploration Days Sales Outstanding Historical Data

The historical data trend for Kelt Exploration'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.

Kelt Exploration Days Sales Outstanding Chart

Kelt Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.63 47.75 31.79 29.10 37.64

Kelt Exploration 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 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 39.77 40.87 27.66 27.46 33.97

Competitive Comparison of Kelt Exploration's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Kelt Exploration'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.


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

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

* The bar in red indicates where Kelt Exploration's Days Sales Outstanding falls into.



Kelt Exploration 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.

Kelt Exploration'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
=( (59.271 + 42.95) / 2 ) / 495.58*365
=51.1105 / 495.58*365
=37.64

Kelt Exploration'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
=( (42.95 + 51.154) / 2 ) / 126.391*365 / 4
=47.052 / 126.391*365 / 4
=33.97

* 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.


Kelt Exploration  (TSX:KEL) Days Sales Outstanding Explanation

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


Kelt Exploration Days Sales Outstanding Related Terms

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Kelt Exploration (TSX:KEL) Business Description

Traded in Other Exchanges
Address
311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2
Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.
Executives
Douglas Jeffery Errico Senior Officer

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