Nortech Systems (Nortech Systems) Days Sales Outstanding : 44.59 (As of Dec. 2023)

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What is Nortech Systems Days Sales Outstanding?

Nortech Systems's average Accounts Receivable for the three months ended in Dec. 2023 was $17.6 Mil. Nortech Systems's Revenue for the three months ended in Dec. 2023 was $36.1 Mil. Hence, Nortech Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 44.59.

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

NSYS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.83 Med: 56.26 Max: 60.63
Current: 45.83

During the past 13 years, Nortech Systems's highest Days Sales Outstanding was 60.63. The lowest was 45.83. And the median was 56.26.

NSYS's Days Sales Outstanding is ranked better than
75.84% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 63.94 vs NSYS: 45.83

Nortech Systems's Days Sales Outstanding declined from Dec. 2022 (46.99) to Dec. 2023 (44.59).

Nortech Systems Days Sales Outstanding Historical Data

The historical data trend for Nortech Systems'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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Nortech Systems Days Sales Outstanding Chart

Nortech Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.63

59.92

56.07

48.62

46.18

Nortech Systems 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															46.99	45.57	47.26	45.61	44.59

Competitive Comparison of Nortech Systems's Days Sales Outstanding

For the Medical Devices subindustry, Nortech Systems'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.

Nortech Systems's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nortech Systems's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nortech Systems's Days Sales Outstanding falls into.

Nortech Systems 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.

Nortech Systems'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
=	( (15.975	+	19.279)	/	2 )	/	139.332	*	365
=	17.627					/	139.332	*	365
=	46.18

Nortech Systems'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
=	( (15.956	+	19.279)	/	2 )	/	36.054	*	365 / 4
=	17.6175					/	36.054	*	365 / 4
=	44.59

Nortech Systems (NAS:NSYS) Days Sales Outstanding Explanation

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

Nortech Systems Days Sales Outstanding Related Terms

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Nortech Systems (Nortech Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nortech Systems Inc (NAS:NSYS) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

7550 Meridian Circle N, Suite 150, Maple Grove, MN, USA, 55369

Website

https://www.nortechsys.com

Nortech Systems Inc is a United States-based electronic manufacturing services company. It offers value-added engineering, technical and manufacturing services and support including project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. The company's manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electro-mechanical assemblies. It operates in the Medical, Aerospace, Defense and Industrial markets with key revenue coming from Medical device and product manufacturing and related engineering services.

Executives

Amy S. Fredregill	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
Jose Antonio Peris	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
David B Kunin	director	7201 METRO BOULEVARD, MINNEAPOLIS MN 55439
David J. Graff	director	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Daniel Ramon Everingham	10 percent owner	617 COUNTRY VIEW LANE, GARLAND TX 75043
Jay D Miller	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Christopher Dean Jones	officer: CFO	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Stacy A Kruse	director	7401 BOONE AVENUE NORTH, BROOKLYN PARK MN 55428
Philip Irving Smith	director	4503 BROWNDALE AVENUE, EDINA MN 55424
Dan Sachs	director	7550 MERIDIAN CIRCLE N., MAPLE GROVE MN 55369
Steven J Rosenstone	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Heidi B Grange	officer: Senior Vice President of HR	7550 MERIDIAN CIRCLE N, MAPLE GROVE MN 55369
John Lindeen	officer: Sr VP - Global Operations	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369
Beck Constance	officer: Chief Financial Officer	NORTECH SYSTEMS INCORPORATED, 7550 MERDIAN CIRCLE N, MAPLE GROVE MN 55369
Matt Mahmood	officer: Chief Operating Officer	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369