Nobility Homes (Nobility Homes) Days Sales Outstanding : 11.16 (As of Jul. 2023)

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What is Nobility Homes Days Sales Outstanding?

Nobility Homes's average Accounts Receivable for the three months ended in Jul. 2023 was $1.79 Mil. Nobility Homes's Revenue for the three months ended in Jul. 2023 was $14.66 Mil. Hence, Nobility Homes's Days Sales Outstanding for the three months ended in Jul. 2023 was 11.16.

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

NOBH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.95 Med: 23.84 Max: 56.95
Current: 8.53

During the past 13 years, Nobility Homes's highest Days Sales Outstanding was 56.95. The lowest was 5.95. And the median was 23.84.

NOBH's Days Sales Outstanding is ranked better than
74.23% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 23.17 vs NOBH: 8.53

Nobility Homes's Days Sales Outstanding increased from Jul. 2022 (5.22) to Jul. 2023 (11.16).

Nobility Homes Days Sales Outstanding Historical Data

The historical data trend for Nobility Homes'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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Nobility Homes Days Sales Outstanding Chart

Nobility Homes Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Days Sales Outstanding

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20.56

12.34

9.39

5.95

6.97

Nobility Homes Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Days Sales Outstanding	Get a 7-Day Free Trial															5.22	5.81	8.54	7.92	11.16

Competitive Comparison of Nobility Homes's Days Sales Outstanding

For the Residential Construction subindustry, Nobility Homes'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.

Nobility Homes's Days Sales Outstanding Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nobility Homes's Days Sales Outstanding falls into.

Nobility Homes 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.

Nobility Homes's Days Sales Outstanding for the fiscal year that ended in Oct. 2022 is calculated as

	Days Sales Outstanding (A: Oct. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )	/	Revenue (A: Oct. 2022 )	*	Days in Period
=	( (0.68	+	1.289)	/	2 )	/	51.522	*	365
=	0.9845					/	51.522	*	365
=	6.97

Nobility Homes's Days Sales Outstanding for the quarter that ended in Jul. 2023 is calculated as:

	Days Sales Outstanding (Q: Jul. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )	/	Revenue (A: Jul. 2023 )	*	Days in Period
=	( (0.989	+	2.596)	/	2 )	/	14.655	*	365 / 4
=	1.7925					/	14.655	*	365 / 4
=	11.16

Nobility Homes (OTCPK:NOBH) Days Sales Outstanding Explanation

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

Nobility Homes Days Sales Outstanding Related Terms

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Nobility Homes (Nobility Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Nobility Homes Inc (OTCPK:NOBH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3741 South west 7th Street, Ocala, FL, USA, 34474

Website

http://www.nobilityhomes.com

Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.

Executives

Terry Earl Trexler	director, 10 percent owner, officer: President and CEO	P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust	10 percent owner	3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler	director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer	officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge	officer: Secretary
Edward C Sims	officer: Vice President