SKUFF (SKF AB) Days Sales Outstanding : 68.83 (As of Sep. 2024)

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What is SKF AB Days Sales Outstanding?

SKF AB's average Accounts Receivable for the three months ended in Sep. 2024 was $1,747 Mil. SKF AB's Revenue for the three months ended in Sep. 2024 was $2,316 Mil. Hence, SKF AB's Days Sales Outstanding for the three months ended in Sep. 2024 was 68.83.

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

SKUFF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 58.04 Med: 59.16 Max: 66.92
Current: 66.92

During the past 13 years, SKF AB's highest Days Sales Outstanding was 66.92. The lowest was 58.04. And the median was 59.16.

SKUFF's Days Sales Outstanding is ranked better than
64.7% of 2952 companies
in the Industrial Products industry
Industry Median: 80.12 vs SKUFF: 66.92

SKF AB's Days Sales Outstanding increased from Sep. 2023 (68.81) to Sep. 2024 (68.83).

SKF AB Days Sales Outstanding Historical Data

The historical data trend for SKF AB'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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SKF AB Days Sales Outstanding Chart

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.39

60.23

61.01

61.86

58.89

SKF AB 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															68.81	63.45	66.00	66.96	68.83

Competitive Comparison of SKF AB's Days Sales Outstanding

For the Tools & Accessories subindustry, SKF AB'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.

SKF AB's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

SKF AB 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.

SKF AB'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
=	( (1628.927	+	1638.882)	/	2 )	/	10127.223	*	365
=	1633.9045					/	10127.223	*	365
=	58.89

SKF AB'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
=	( (1790.312	+	1703.881)	/	2 )	/	2316.16	*	365 / 4
=	1747.0965					/	2316.16	*	365 / 4
=	68.83

SKF AB (OTCPK:SKUFF) Days Sales Outstanding Explanation

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

SKF AB Days Sales Outstanding Related Terms

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SKF AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKUFF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

SKFRY:USA SKF B:Sweden SKF A:Sweden SKFBs:UK 0NWX:UK 0NWW:UK SKFB:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.