Nexen Tire (XKRX:002350) Days Sales Outstanding : 62.04 (As of Mar. 2024)

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What is Nexen Tire Days Sales Outstanding?

Nexen Tire's average Accounts Receivable for the three months ended in Mar. 2024 was ₩460,993 Mil. Nexen Tire's Revenue for the three months ended in Mar. 2024 was ₩678,084 Mil. Hence, Nexen Tire's Days Sales Outstanding for the three months ended in Mar. 2024 was 62.04.

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

XKRX:002350' s Days Sales Outstanding Range Over the Past 10 Years
Min: 54.78 Med: 60.83 Max: 73.84
Current: 65.06

During the past 13 years, Nexen Tire's highest Days Sales Outstanding was 73.84. The lowest was 54.78. And the median was 60.83.

XKRX:002350's Days Sales Outstanding is ranked worse than
56.12% of 1274 companies
in the Vehicles & Parts industry
Industry Median: 60.29 vs XKRX:002350: 65.06

Nexen Tire's Days Sales Outstanding increased from Mar. 2023 (59.33) to Mar. 2024 (62.04).

Nexen Tire Days Sales Outstanding Historical Data

The historical data trend for Nexen Tire'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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Nexen Tire Days Sales Outstanding Chart

Nexen Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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63.56

73.84

65.22

54.78

54.87

Nexen Tire 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															59.33	64.96	70.53	64.97	62.04

Competitive Comparison of Nexen Tire's Days Sales Outstanding

For the Auto Parts subindustry, Nexen Tire'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.

Nexen Tire's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Nexen Tire's Days Sales Outstanding falls into.

Nexen Tire 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.

Nexen Tire'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
=	( (382189.165	+	430142.468)	/	2 )	/	2701720.151	*	365
=	406165.8165					/	2701720.151	*	365
=	54.87

Nexen Tire'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
=	( (430142.468	+	491842.723)	/	2 )	/	678084.342	*	365 / 4
=	460992.5955					/	678084.342	*	365 / 4
=	62.04

Nexen Tire (XKRX:002350) Days Sales Outstanding Explanation

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

Nexen Tire Days Sales Outstanding Related Terms

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Nexen Tire (XKRX:002350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexen Tire Corp (XKRX:002350) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

002355:Korea

Address

355, Chungryeol-ro, Gyeongsangnam-do, Yangsan-si, KOR

Website

http://www.nexentire.com

Nexen Tire Corp manufactures, markets and exports tires. The firm has divided its business in the passenger car, SUV, Van and light truck, Global OE, Solid tire and Tube and Flap and all seasons divisions. The company has manufacturing facilities in Korea and China and has research and development facilities in the U.S., China, and Germany.

Nexen Tire (XKRX:002350) Headlines

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