NVFY (Nova Lifestyle) Days Sales Outstanding : 2.98 (As of Sep. 2024)

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What is Nova Lifestyle Days Sales Outstanding?

Nova Lifestyle's average Accounts Receivable for the three months ended in Sep. 2024 was $0.09 Mil. Nova Lifestyle's Revenue for the three months ended in Sep. 2024 was $2.62 Mil. Hence, Nova Lifestyle's Days Sales Outstanding for the three months ended in Sep. 2024 was 2.98.

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

NVFY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.1 Med: 147.93 Max: 556.08
Current: 3.1

During the past 13 years, Nova Lifestyle's highest Days Sales Outstanding was 556.08. The lowest was 3.10. And the median was 147.93.

NVFY's Days Sales Outstanding is ranked better than
99.53% of 427 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 52.51 vs NVFY: 3.10

Nova Lifestyle's Days Sales Outstanding declined from Sep. 2023 (23.44) to Sep. 2024 (2.98).

Nova Lifestyle Days Sales Outstanding Historical Data

The historical data trend for Nova Lifestyle'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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Nova Lifestyle Days Sales Outstanding Chart

Nova Lifestyle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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556.08

14.55

8.98

5.60

5.51

Nova Lifestyle Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															23.44	2.33	3.51	3.05	2.98

Competitive Comparison of Nova Lifestyle's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Nova Lifestyle'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.

Nova Lifestyle's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nova Lifestyle's Days Sales Outstanding distribution charts can be found below:

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

Nova Lifestyle 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.

Nova Lifestyle'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
=	( (0.288	+	0.047)	/	2 )	/	11.087	*	365
=	0.1675					/	11.087	*	365
=	5.51

Nova Lifestyle's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (0.044	+	0.127)	/	2 )	/	2.616	*	365 / 4
=	0.0855					/	2.616	*	365 / 4
=	2.98

Nova Lifestyle (NAS:NVFY) Days Sales Outstanding Explanation

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

Nova Lifestyle Days Sales Outstanding Related Terms

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Nova Lifestyle Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nova Lifestyle Inc (NAS:NVFY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

6565 East Washington Boulevard, Commerce, CA, USA, 90040

Website

https://www.novalifestyle.com

Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings. The company operates in one business and industry segment: the design and sale of furniture.

Executives

Umesh Patel	director	6565 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Min Su	director, officer: Corporate Secretary	C/O NOVA LIFESTYLE, INC., 6565 E WASHINGTON BLVD, COMMERCE CA 90040
Jeffrey Chuang	officer: Chief Financial Officer	C/O NOVA LIFESTYLE, INC., 6565 E. WASHINGTON BLVD, COMMERCE CA 90040
Steven Qiang Liu	10 percent owner	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Yuen Ching Ho	10 percent owner, officer: Chief Financial Officer	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Huy P La	director	6565 E WASHINGTON BLVD, COMMERCE CA 90040
Joyal St.	10 percent owner	6565 E WASHINGTON BLVD #518, COMMERCE CA 90040
Ya Ming Wong	director, 10 percent owner, officer: CEO and Chairman	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Thanh H Lam	director, officer: President	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Peter M Kam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Bin Liu	director	40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
James R Talevich	director	20202 WINDROW DR, LAKE FOREST CA 92630
Michael J Viotto	director	444 E. HUNTINGTON DR., SUITE 105, ARCADIA CA 91006
Chung Shing Yam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Alex Li	director, 10 percent owner, officer: President & CEO	NO. 6 JIEFANGNAN LU, HEXI DISTRICT, TIANJIN F4 30000