NewMarket (NewMarket) Days Sales Outstanding

: 56.45 (As of Dec. 2023)

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NewMarket's average Accounts Receivable for the three months ended in Dec. 2023 was $398 Mil. NewMarket's Revenue for the three months ended in Dec. 2023 was $643 Mil. Hence, NewMarket's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.45.

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

NEU' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.91 Med: 46.72 Max: 56.11
Current: 56.11

During the past 13 years, NewMarket's highest Days Sales Outstanding was 56.11. The lowest was 43.91. And the median was 46.72.

NEU's Days Sales Outstanding is ranked better than
58.52% of 1526 companies
in the Chemicals industry
Industry Median: 63.605 vs NEU: 56.11

NewMarket's Days Sales Outstanding declined from Dec. 2022 (57.53) to Dec. 2023 (56.45).

NewMarket Days Sales Outstanding Historical Data

The historical data trend for NewMarket'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 47.19 [6] => 52.14 [7] => 46.59 [8] => 46.29 [9] => 50.92 )

NewMarket Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

47.19

52.14

46.59

46.29

50.92

NewMarket 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																57.53	54.65	59.50	59.09	56.45

Competitive Comparison

For the Specialty Chemicals subindustry, NewMarket'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.

NewMarket Days Sales Outstanding Distribution

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

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

NewMarket 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.

NewMarket'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
=	( (384.636	+	368.24)	/	2 )	/	2698.419	*	365
=	376.438					/	2698.419	*	365
=	50.92

NewMarket'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
=	( (427.764	+	368.24)	/	2 )	/	643.35	*	365 / 4
=	398.002					/	643.35	*	365 / 4
=	56.45

NewMarket (NYSE:NEU) Days Sales Outstanding Explanation

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

NewMarket Days Sales Outstanding Related Terms

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NewMarket (NewMarket) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NewMarket Corp (NYSE:NEU) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

UG9:Germany

Address

330 South Fourth Street, Richmond, VA, USA, 23219-4350

Website

https://www.newmarket.com

NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It comprises two broad product applications. Lubricant additives are formulated chemical solutions that, when blended with base fluids, improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. Fuel additives are chemical components that help oil refiners meet fuel specifications or formulated packages that improve the performance of gasoline, diesel, biofuels, and other fuels. More revenue comes from the United States than any other geographic region.

Executives

Lowell Simmons Ukrop	director	330 SOUTH 4TH ST, RICHMOND VA 23219
James E Rogers	director	1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350
Gail Ridgeway	officer: Controller	330 SOUTH 4TH STREET, RICHMOND VA 23219
Ting Xu	director	330 S 4TH ST, RICHMOND VA 23219
Jewett Bryce Dickinson Iii	officer: VP and General Counsel	330 SOUTH 4TH STREET, RICHMOND VA 23219
Hazelgrove Bruce R Iii	officer: VP - Corporate Resources	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Thomas E Gottwald	director, officer: President & CEO	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Regina A Harm	officer: President Afton Chemical Corp	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Cameron D. Warner	officer: Treasurer	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Robert A. Shama	officer: President Afton Chemical Corp	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Harris H Hiter Iii	director	330 SOUTH FOURTH STREET, RICHMOND VA 23219-4350
Brian D Paliotti	officer: Vice President & CFO	330 SOUTH 4TH STREET, RICHMOND VA 23219
David A Fiorenza	officer: Vice President and Treasurer
William J Skrobacz	officer: Controller	330 SOUTH FOURTH STREET, RICHMOND VA 23219
Patrick D Hanley	director	1000 SEMMES AVE, RICHMOND VA 23224