Petrus Resources (TSX:PRQ) Days Sales Outstanding : 54.94 (As of Mar. 2024)

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What is Petrus Resources Days Sales Outstanding?

Petrus Resources's average Accounts Receivable for the three months ended in Mar. 2024 was C$16.9 Mil. Petrus Resources's Revenue for the three months ended in Mar. 2024 was C$28.0 Mil. Hence, Petrus Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 54.94.

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

TSX:PRQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.6 Med: 50.72 Max: 69.98
Current: 50.83

During the past 13 years, Petrus Resources's highest Days Sales Outstanding was 69.98. The lowest was 32.60. And the median was 50.72.

TSX:PRQ's Days Sales Outstanding is ranked worse than
51.87% of 935 companies
in the Oil & Gas industry
Industry Median: 49.24 vs TSX:PRQ: 50.83

Petrus Resources's Days Sales Outstanding increased from Mar. 2023 (44.30) to Mar. 2024 (54.94).

Petrus Resources Days Sales Outstanding Historical Data

The historical data trend for Petrus 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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Petrus Resources Days Sales Outstanding Chart

Petrus Resources Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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65.72

69.98

35.96

38.31

57.44

Petrus Resources 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															44.30	46.76	42.90	54.14	54.94

Competitive Comparison of Petrus Resources's Days Sales Outstanding

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

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

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

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

Petrus 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.

Petrus 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
=	( (22.248	+	17.282)	/	2 )	/	125.605	*	365
=	19.765					/	125.605	*	365
=	57.44

Petrus Resources'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
=	( (17.282	+	16.482)	/	2 )	/	28.039	*	365 / 4
=	16.882					/	28.039	*	365 / 4
=	54.94

Petrus Resources (TSX:PRQ) Days Sales Outstanding Explanation

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

Petrus Resources Days Sales Outstanding Related Terms

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Petrus Resources (TSX:PRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrus Resources Ltd (TSX:PRQ) » Definitions » Days Sales Outstanding

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PTRUF:USA

Address

2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4

Website

https://www.petrusresources.com

Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.

Executives

Lindsay Erin Hatcher

Senior Officer

Petrus Resources (TSX:PRQ) Headlines

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