Nomad Foods (Nomad Foods) Days Sales Outstanding : 30.20 (As of Dec. 2023)

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What is Nomad Foods Days Sales Outstanding?

Nomad Foods's average Accounts Receivable for the three months ended in Dec. 2023 was $275 Mil. Nomad Foods's Revenue for the three months ended in Dec. 2023 was $830 Mil. Hence, Nomad Foods's Days Sales Outstanding for the three months ended in Dec. 2023 was 30.20.

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

NOMD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.49 Med: 19.18 Max: 32.19
Current: 32.19

During the past 11 years, Nomad Foods's highest Days Sales Outstanding was 32.19. The lowest was 8.49. And the median was 19.18.

NOMD's Days Sales Outstanding is ranked better than
60.29% of 1836 companies
in the Consumer Packaged Goods industry
Industry Median: 39.185 vs NOMD: 32.19

Nomad Foods's Days Sales Outstanding declined from Dec. 2022 (32.31) to Dec. 2023 (30.20).

Nomad Foods Days Sales Outstanding Historical Data

The historical data trend for Nomad Foods'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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Nomad Foods Days Sales Outstanding Chart

Nomad Foods Annual Data

Trend

Dec14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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19.18

19.76

23.44

25.22

24.78

Nomad Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															32.31	31.08	38.11	36.66	30.20

Competitive Comparison of Nomad Foods's Days Sales Outstanding

For the Packaged Foods subindustry, Nomad Foods'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.

Nomad Foods's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nomad Foods's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nomad Foods's Days Sales Outstanding falls into.

Nomad Foods 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.

Nomad Foods'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
=	( (223.729	+	227.154)	/	2 )	/	3320.065	*	365
=	225.4415					/	3320.065	*	365
=	24.78

Nomad Foods's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (321.985	+	227.154)	/	2 )	/	829.662	*	365 / 4
=	274.5695					/	829.662	*	365 / 4
=	30.20

Nomad Foods (NYSE:NOMD) Days Sales Outstanding Explanation

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

Nomad Foods Days Sales Outstanding Related Terms

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Nomad Foods (Nomad Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nomad Foods Ltd (NYSE:NOMD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NOMD:Mexico 0NH:Germany

Address

No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, GBR, TW14 8HA

Website

https://www.nomadfoods.com

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.