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Nokian Tyres (Nokian Tyres) Change In Receivables : $-40 Mil (TTM As of Mar. 2024)


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What is Nokian Tyres Change In Receivables?

Nokian Tyres's change in receivables for the quarter that ended in Mar. 2024 was $-28 Mil. It means Nokian Tyres's Accounts Receivable increased by $28 Mil from Dec. 2023 to Mar. 2024 .

Nokian Tyres's change in receivables for the fiscal year that ended in Dec. 2023 was $-4 Mil. It means Nokian Tyres's Accounts Receivable increased by $4 Mil from Dec. 2022 to Dec. 2023 .

Nokian Tyres's Accounts Receivable for the quarter that ended in Mar. 2024 was $254 Mil.

Days Sales Outstanding measures of 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. Nokian Tyres's Days Sales Outstanding for the three months ended in Mar. 2024 was 90.02.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nokian Tyres's liquidation value for the three months ended in Mar. 2024 was $-297 Mil.

Nokian Tyres Change In Receivables Historical Data

The historical data trend for Nokian Tyres's Change In Receivables 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.

Nokian Tyres Change In Receivables Chart

Nokian Tyres Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -75.56 148.30 -24.86 -99.47 -4.36

Nokian Tyres Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.39 -89.27 -112.59 189.97 -28.48

Nokian Tyres Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-40 Mil.

* 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.

Nokian Tyres  (OTCPK:NKRKY) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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.

Nokian Tyres's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=253.696/257.174*91
=90.02

2. In Ben Graham's calculation of liquidation value, Nokian Tyres's accounts receivable are only considered to be worth 75% of book value:

Nokian Tyres's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=307.826-1063.478+0.75 * 253.696+0.5 * 537.717
=-297

* 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.

Nokian Tyres Change In Receivables Related Terms

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Nokian Tyres (Nokian Tyres) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OTCPK:NKRKY) » Definitions » Change In Receivables
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Traded in Other Exchanges
NKRKF:USA 1TYRES:Italy 0FFY:UK TYRES:Finland NRE:Germany
Address
Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Website
https://www.nokiantyres.com
Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.