Novonesis AS (Novonesis AS) Days Sales Outstanding

: 72.20 (As of Dec. 2023)

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Novonesis AS's average Accounts Receivable for the three months ended in Dec. 2023 was $533 Mil. Novonesis AS's Revenue for the three months ended in Dec. 2023 was $673 Mil. Hence, Novonesis AS's Days Sales Outstanding for the three months ended in Dec. 2023 was 72.20.

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

NVZMY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.59 Med: 66.83 Max: 73.8
Current: 73.8

During the past 13 years, Novonesis AS's highest Days Sales Outstanding was 73.80. The lowest was 62.59. And the median was 66.83.

NVZMY's Days Sales Outstanding is ranked worse than
59.96% of 1526 companies
in the Chemicals industry
Industry Median: 63.605 vs NVZMY: 73.80

Novonesis AS's Days Sales Outstanding increased from Dec. 2022 (67.38) to Dec. 2023 (72.20).

Novonesis AS Days Sales Outstanding Historical Data

The historical data trend for Novonesis AS'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.

Novonesis AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

70.28

67.13

69.47

68.62

72.02

Novonesis AS 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																67.38	69.58	78.27	75.45	72.20

Competitive Comparison

For the Specialty Chemicals subindustry, Novonesis AS'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.

Novonesis AS Days Sales Outstanding Distribution

For the Chemicals industry and Basic Materials sector, Novonesis AS's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Novonesis AS's Days Sales Outstanding falls into.

Novonesis AS 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.

Novonesis AS'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
=	( (491.82	+	541.64)	/	2 )	/	2618.804	*	365
=	516.73					/	2618.804	*	365
=	72.02

Novonesis AS'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
=	( (524.064	+	541.64)	/	2 )	/	673.465	*	365 / 4
=	532.852					/	673.465	*	365 / 4
=	72.20

Novonesis AS (OTCPK:NVZMY) Days Sales Outstanding Explanation

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

Novonesis AS Days Sales Outstanding Related Terms

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Novonesis AS (Novonesis AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Novonesis AS (OTCPK:NVZMY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NVZMF:USA NZYM:Mexico NZYMBc:UK 0Q4U:UK NZYM B:Denmark NZM2:Germany

Address

Krogshoejvej 36, Bagsvaerd, DNK, 2880

Website

https://www.novozymes.com

Novozymes is the world leader in industrial enzymes. In recent years, the company has expanded into micro-organisms, primarily for agricultural markets. The firm supplies five major industry groups: household care, food and beverages, bioenergy, agriculture and feed, and technical and pharma. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark.

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