Ghana Oil Co (XGHA:GOIL) Days Sales Outstanding : 21.41 (As of Dec. 2022)

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What is Ghana Oil Co Days Sales Outstanding?

Ghana Oil Co's average Accounts Receivable for the six months ended in Dec. 2022 was GHS1,217 Mil. Ghana Oil Co's Revenue for the six months ended in Dec. 2022 was GHS20,744 Mil. Hence, Ghana Oil Co's Days Sales Outstanding for the six months ended in Dec. 2022 was 10.71.

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

XGHA:GOIL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.41 Med: 32.18 Max: 48.31
Current: 21.41

During the past 13 years, Ghana Oil Co's highest Days Sales Outstanding was 48.31. The lowest was 21.41. And the median was 32.18.

XGHA:GOIL's Days Sales Outstanding is ranked better than
84.81% of 935 companies
in the Oil & Gas industry
Industry Median: 49.24 vs XGHA:GOIL: 21.41

Ghana Oil Co's Days Sales Outstanding declined from Dec. 2020 (48.31) to Dec. 2022 (21.41).

Ghana Oil Co Days Sales Outstanding Historical Data

The historical data trend for Ghana Oil Co'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.

Ghana Oil Co Days Sales Outstanding Chart

Ghana Oil Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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30.72

30.25

48.31

35.61

21.41

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Days Sales Outstanding	Get a 7-Day Free Trial									30.72	30.25	48.31	35.61	21.41

Competitive Comparison of Ghana Oil Co's Days Sales Outstanding

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co'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.

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

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

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

Ghana Oil Co 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.

Ghana Oil Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (764.053	+	1669.678)	/	2 )	/	20744.046	*	365
=	1216.8655					/	20744.046	*	365
=	21.41

Ghana Oil Co's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding (Q: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (764.053	+	1669.678)	/	2 )	/	20744.046	*	365 / 2
=	1216.8655					/	20744.046	*	365 / 2
=	10.71

Ghana Oil Co (XGHA:GOIL) Days Sales Outstanding Explanation

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

Ghana Oil Co Days Sales Outstanding Related Terms

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Ghana Oil Co (XGHA:GOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

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