NHK Spring Co (NHK Spring Co) Days Sales Outstanding : 69.07 (As of Dec. 2023)

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What is NHK Spring Co Days Sales Outstanding?

NHK Spring Co's average Accounts Receivable for the three months ended in Dec. 2023 was $1,052 Mil. NHK Spring Co's Revenue for the three months ended in Dec. 2023 was $1,390 Mil. Hence, NHK Spring Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 69.07.

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

NHKGF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 73.45 Med: 78.1 Max: 87.63
Current: 73.45

During the past 13 years, NHK Spring Co's highest Days Sales Outstanding was 87.63. The lowest was 73.45. And the median was 78.10.

NHKGF's Days Sales Outstanding is ranked worse than
66.01% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 60.74 vs NHKGF: 73.45

NHK Spring Co's Days Sales Outstanding declined from Dec. 2022 (74.21) to Dec. 2023 (69.07).

NHK Spring Co Days Sales Outstanding Historical Data

The historical data trend for NHK Spring 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.

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NHK Spring Co Days Sales Outstanding Chart

NHK Spring Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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78.66

74.05

88.04

90.65

79.63

NHK Spring Co 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															74.21	73.29	77.25	76.77	69.07

Competitive Comparison of NHK Spring Co's Days Sales Outstanding

For the Auto Parts subindustry, NHK Spring 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.

NHK Spring Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NHK Spring Co's Days Sales Outstanding distribution charts can be found below:

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

NHK Spring 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.

NHK Spring Co's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (1164.843	+	1098.221)	/	2 )	/	5186.471	*	365
=	1131.532					/	5186.471	*	365
=	79.63

NHK Spring Co'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
=	( (1032.216	+	1071.596)	/	2 )	/	1389.713	*	365 / 4
=	1051.906					/	1389.713	*	365 / 4
=	69.07

NHK Spring Co (OTCPK:NHKGF) Days Sales Outstanding Explanation

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

NHK Spring Co Days Sales Outstanding Related Terms

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NHK Spring Co (NHK Spring Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NHK Spring Co Ltd (OTCPK:NHKGF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

5991:Japan

Address

3-10 Fukuura, Kanazawa-ku, Yokohama, JPN, 236-0004

Website

http://www.nhkspg.co.jp

NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company also produces leaf springs, coil springs, stabilizer bars, torsion bars, gas springs, automobile seats and seating components, hard disk drives suspensions and mechanical components, LCD/semiconductor testing probe units, and industrial machinery and equipment parts. The automotive suspension springs and precision springs segments and automotive seating segment generate the majority of NHK Spring's revenue. Geographically, Japan is the largest end market followed by other Asian countries and North America.

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