Nokian Tyres (WBO:NRE1) Days Sales Outstanding

: 77.53 (As of Dec. 2023)

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Nokian Tyres's average Accounts Receivable for the three months ended in Dec. 2023 was €313 Mil. Nokian Tyres's Revenue for the three months ended in Dec. 2023 was €368 Mil. Hence, Nokian Tyres's Days Sales Outstanding for the three months ended in Dec. 2023 was 77.53.

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

WBO:NRE1' s Days Sales Outstanding Range Over the Past 10 Years
Min: 72.28 Med: 95.46 Max: 113.88
Current: 90.35

During the past 13 years, Nokian Tyres's highest Days Sales Outstanding was 113.88. The lowest was 72.28. And the median was 95.46.

WBO:NRE1's Days Sales Outstanding is ranked worse than
79.28% of 1269 companies
in the Vehicles & Parts industry
Industry Median: 60.71 vs WBO:NRE1: 90.35

Nokian Tyres's Days Sales Outstanding declined from Dec. 2022 (145.00) to Dec. 2023 (77.53).

Nokian Tyres Days Sales Outstanding Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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104.50

113.88

72.28

92.38

85.59

Nokian Tyres 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															145.00	103.74	77.99	114.15	77.53

Competitive Comparison

For the Auto Parts subindustry, Nokian Tyres'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.

Nokian Tyres Days Sales Outstanding Distribution

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

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

Nokian Tyres 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.

Nokian Tyres'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
=	( (326.2	+	224.2)	/	2 )	/	1173.6	*	365
=	275.2					/	1173.6	*	365
=	85.59

Nokian Tyres'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
=	( (401.1	+	224.2)	/	2 )	/	368	*	365 / 4
=	312.65					/	368	*	365 / 4
=	77.53

Nokian Tyres (WBO:NRE1) Days Sales Outstanding Explanation

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

Nokian Tyres Days Sales Outstanding Related Terms

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Nokian Tyres (WBO:NRE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (WBO:NRE1) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NKRKY:USA 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.

Nokian Tyres (WBO:NRE1) Headlines

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