McChip Resources (TSXV:MCS) Days Sales Outstanding : 89.98 (As of Dec. 2023)

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What is McChip Resources Days Sales Outstanding?

McChip Resources's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.49 Mil. McChip Resources's Revenue for the three months ended in Dec. 2023 was C$0.50 Mil. Hence, McChip Resources's Days Sales Outstanding for the three months ended in Dec. 2023 was 89.98.

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

TSXV:MCS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.74 Med: 314.85 Max: 413.32
Current: 380.21

During the past 13 years, McChip Resources's highest Days Sales Outstanding was 413.32. The lowest was 40.74. And the median was 314.85.

TSXV:MCS's Days Sales Outstanding is ranked worse than
95.72% of 934 companies
in the Oil & Gas industry
Industry Median: 49.05 vs TSXV:MCS: 380.21

McChip Resources's Days Sales Outstanding declined from Dec. 2022 (121.86) to Dec. 2023 (89.98).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

McChip Resources Days Sales Outstanding Historical Data

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

McChip Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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334.02

413.32

295.68

349.03

385.91

McChip Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															121.86	46,674.38	-	-	89.98

Competitive Comparison of McChip Resources's Days Sales Outstanding

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

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

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

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

McChip 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.

McChip 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
=	( (0.503	+	0.512)	/	2 )	/	0.48	*	365
=	0.5075					/	0.48	*	365
=	385.91

McChip 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
=	( (0.476	+	0.512)	/	2 )	/	0.501	*	365 / 4
=	0.494					/	0.501	*	365 / 4
=	89.98

McChip Resources (TSXV:MCS) Days Sales Outstanding Explanation

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

McChip Resources Days Sales Outstanding Related Terms

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McChip Resources (TSXV:MCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McChip Resources Inc (TSXV:MCS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MCCHF:USA

Address

130 Adelaide Street West, Suite 1910, Box 18 - Richmond Adelaide Centre, Toronto, ON, CAN, M5H 3P5

Website

McChip Resources Inc is engaged in the natural resource industry. The company invests in petroleum interests in Western Canada, as well as direct and indirect interests in minerals.

Executives

Richard Duncan Mccloskey

Director, Senior Officer