Nordic Lights Group (OHEL:NORDLIG) Days Sales Outstanding : 63.17 (As of Jun. 2023)

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What is Nordic Lights Group Days Sales Outstanding?

Nordic Lights Group's average Accounts Receivable for the three months ended in Jun. 2023 was €14.71 Mil. Nordic Lights Group's Revenue for the three months ended in Jun. 2023 was €21.25 Mil. Hence, Nordic Lights Group's Days Sales Outstanding for the three months ended in Jun. 2023 was 63.17.

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

OHEL:NORDLIG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.26 Med: 62.8 Max: 252.68
Current: 252.68

During the past 4 years, Nordic Lights Group's highest Days Sales Outstanding was 252.68. The lowest was 57.26. And the median was 62.80.

OHEL:NORDLIG's Days Sales Outstanding is not ranked
in the Industrial Products industry.
Industry Median: 79.82 vs OHEL:NORDLIG: 252.68

Nordic Lights Group's Days Sales Outstanding increased from Dec. 2021 (0.00) to Jun. 2023 (63.17).

Nordic Lights Group Days Sales Outstanding Historical Data

The historical data trend for Nordic Lights Group'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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Nordic Lights Group Days Sales Outstanding Chart

Nordic Lights Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

63.82

70.73

61.77

57.26

Nordic Lights Group Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial			-	60.02	63.69	-	63.17

Competitive Comparison of Nordic Lights Group's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Nordic Lights Group'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.

Nordic Lights Group's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordic Lights Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nordic Lights Group's Days Sales Outstanding falls into.

Nordic Lights Group 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.

Nordic Lights Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (13.324	+	12.546)	/	2 )	/	82.448	*	365
=	12.935					/	82.448	*	365
=	57.26

Nordic Lights Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (12.546	+	16.872)	/	2 )	/	21.247	*	365 / 4
=	14.709					/	21.247	*	365 / 4
=	63.17

Nordic Lights Group (OHEL:NORDLIG) Days Sales Outstanding Explanation

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

Nordic Lights Group Days Sales Outstanding Related Terms

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Nordic Lights Group (OHEL:NORDLIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Lights Group Corp (OHEL:NORDLIG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bennasvagen/Pannaistentie 155, PO Box 36, Jakobstad, FIN, 68601

Website

https://www.nordiclights.com

Nordic Lights Group Corp is a premium provider of lighting solutions for heavy-duty equipment. Nordic Lights focus on providing solutions to five main end-user segments: mining, construction, forestry, agriculture, and material handling. The company derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA).

Nordic Lights Group (OHEL:NORDLIG) Headlines

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