Norrhydro Group Oyj (OHEL:NORRH) Days Sales Outstanding : 17.68 (As of Dec. 2023)

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What is Norrhydro Group Oyj Days Sales Outstanding?

Norrhydro Group Oyj's average Accounts Receivable for the six months ended in Dec. 2023 was €1.17 Mil. Norrhydro Group Oyj's Revenue for the six months ended in Dec. 2023 was €12.04 Mil. Hence, Norrhydro Group Oyj's Days Sales Outstanding for the six months ended in Dec. 2023 was 17.68.

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

OHEL:NORRH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.59 Med: 8.26 Max: 33.08
Current: 12.43

During the past 5 years, Norrhydro Group Oyj's highest Days Sales Outstanding was 33.08. The lowest was 6.59. And the median was 8.26.

OHEL:NORRH's Days Sales Outstanding is ranked better than
98.61% of 2957 companies
in the Industrial Products industry
Industry Median: 79.65 vs OHEL:NORRH: 12.43

Norrhydro Group Oyj's Days Sales Outstanding declined from Dec. 2022 (17.77) to Dec. 2023 (17.68).

Norrhydro Group Oyj Days Sales Outstanding Historical Data

The historical data trend for Norrhydro Group Oyj'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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Norrhydro Group Oyj Days Sales Outstanding Chart

Norrhydro Group Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

33.08

20.14

6.59

8.26

7.29

Norrhydro Group Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial				15.01	12.94	17.77	13.23	17.68

Competitive Comparison of Norrhydro Group Oyj's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Norrhydro Group Oyj'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.

Norrhydro Group Oyj's Days Sales Outstanding Distribution in the Industrial Products Industry

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

* The bar in red indicates where Norrhydro Group Oyj's Days Sales Outstanding falls into.

Norrhydro Group Oyj 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.

Norrhydro Group Oyj'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
=	( (0.768	+	0.445)	/	2 )	/	30.365	*	365
=	0.6065					/	30.365	*	365
=	7.29

Norrhydro Group Oyj'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1.889	+	0.445)	/	2 )	/	12.044	*	365 / 2
=	1.167					/	12.044	*	365 / 2
=	17.68

Norrhydro Group Oyj (OHEL:NORRH) Days Sales Outstanding Explanation

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

Norrhydro Group Oyj Days Sales Outstanding Related Terms

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

U7X:Germany

Address

Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100

Website

https://www.norrhydro.com

Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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