TopRight Nordic AB (NGM:TOPR) Days Sales Outstanding : 159.66 (As of Sep. 2023)

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What is TopRight Nordic AB Days Sales Outstanding?

TopRight Nordic AB's average Accounts Receivable for the three months ended in Sep. 2023 was kr25.2 Mil. TopRight Nordic AB's Revenue for the three months ended in Sep. 2023 was kr14.4 Mil. Hence, TopRight Nordic AB's Days Sales Outstanding for the three months ended in Sep. 2023 was 159.66.

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

NGM:TOPR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.08 Med: 48.05 Max: 72.34
Current: 72.34

During the past 7 years, TopRight Nordic AB's highest Days Sales Outstanding was 72.34. The lowest was 15.08. And the median was 48.05.

NGM:TOPR's Days Sales Outstanding is ranked worse than
65.26% of 1039 companies
in the Business Services industry
Industry Median: 58.53 vs NGM:TOPR: 72.34

TopRight Nordic AB's Days Sales Outstanding increased from Sep. 2022 (48.38) to Sep. 2023 (159.66).

TopRight Nordic AB Days Sales Outstanding Historical Data

The historical data trend for TopRight Nordic 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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TopRight Nordic AB Days Sales Outstanding Chart

TopRight Nordic AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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53.09

46.35

48.05

60.40

47.75

TopRight Nordic AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															48.38	50.69	71.66	68.42	159.66

Competitive Comparison of TopRight Nordic AB's Days Sales Outstanding

For the Security & Protection Services subindustry, TopRight Nordic 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.

TopRight Nordic AB's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TopRight Nordic AB's Days Sales Outstanding distribution charts can be found below:

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

TopRight Nordic 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.

TopRight Nordic AB'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
=	( (40.579	+	31.809)	/	2 )	/	276.66	*	365
=	36.194					/	276.66	*	365
=	47.75

TopRight Nordic AB's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (30.316	+	20.146)	/	2 )	/	14.42	*	365 / 4
=	25.231					/	14.42	*	365 / 4
=	159.66

TopRight Nordic AB (NGM:TOPR) Days Sales Outstanding Explanation

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

TopRight Nordic AB Days Sales Outstanding Related Terms

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TopRight Nordic AB (NGM:TOPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TopRight Nordic AB (NGM:TOPR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taptogatan 6, Stockholm, SWE, 115 26

Website

https://www.toprightnordic.com

TopRight Nordic AB is engaged in modern light technology and digital glass. The company's solutions improve road safety, help brands to be brand new and transform traditional exposure areas to interactive viewing windows. It has three business areas: BRIGHT Attention, BRIGHT Safety, and SMART Glass. BRIGHT Attention offers unique solutions to create attention. BRIGHT Safety offers standard products, customized solutions and safety kits with lighting technology that contribute to a safer existence on roads and for the professional teams working in the dark. SMART Glass offers glass surfaces that can become lighting, windows, wall and screen in one.

TopRight Nordic AB (NGM:TOPR) Headlines

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