Elkem ASA (OSL:ELK) Days Sales Outstanding : 34.87 (As of Mar. 2024)

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What is Elkem ASA Days Sales Outstanding?

Elkem ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr2,961 Mil. Elkem ASA's Revenue for the three months ended in Mar. 2024 was kr7,748 Mil. Hence, Elkem ASA's Days Sales Outstanding for the three months ended in Mar. 2024 was 34.87.

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

OSL:ELK' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.22 Med: 30.55 Max: 53.02
Current: 40.11

During the past 10 years, Elkem ASA's highest Days Sales Outstanding was 53.02. The lowest was 26.22. And the median was 30.55.

OSL:ELK's Days Sales Outstanding is ranked better than
78.59% of 1527 companies
in the Chemicals industry
Industry Median: 63.93 vs OSL:ELK: 40.11

Elkem ASA's Days Sales Outstanding declined from Mar. 2023 (35.70) to Mar. 2024 (34.87).

Elkem ASA Days Sales Outstanding Historical Data

The historical data trend for Elkem ASA'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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Elkem ASA Days Sales Outstanding Chart

Elkem ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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29.79

26.35

28.59

26.22

29.47

Elkem ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															35.70	42.47	44.31	33.99	34.87

Competitive Comparison of Elkem ASA's Days Sales Outstanding

For the Specialty Chemicals subindustry, Elkem ASA'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.

Elkem ASA's Days Sales Outstanding Distribution in the Chemicals Industry

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

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

Elkem ASA 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.

Elkem ASA'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
=	( (3162	+	2387)	/	2 )	/	34365	*	365
=	2774.5					/	34365	*	365
=	29.47

Elkem ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (2387	+	3535)	/	2 )	/	7748	*	365 / 4
=	2961					/	7748	*	365 / 4
=	34.87

Elkem ASA (OSL:ELK) Days Sales Outstanding Explanation

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

Elkem ASA Days Sales Outstanding Related Terms

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Elkem ASA (OSL:ELK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elkem ASA (OSL:ELK) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ELKEF:USA ELKo:Sweden 0SFN:UK 1DP:Germany

Address

Drammensveien 169, Oslo, NOR, 0277

Website

https://www.elkem.com

Elkem ASA offers advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care as well as smarter and more sustainable cities. Elkem has three reportable segments namely Silicones, Silicon Products, and Carbon Solutions. It generates most of the revenue from the Silicones segment.

Elkem ASA (OSL:ELK) Headlines

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