Nitta (TSE:5186) Days Sales Outstanding : 73.04 (As of Dec. 2023)

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What is Nitta Days Sales Outstanding?

Nitta's average Accounts Receivable for the three months ended in Dec. 2023 was 円18,301 Mil. Nitta's Revenue for the three months ended in Dec. 2023 was 円22,864 Mil. Hence, Nitta's Days Sales Outstanding for the three months ended in Dec. 2023 was 73.04.

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

TSE:5186' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.73 Med: 95.15 Max: 115.22
Current: 75.73

During the past 13 years, Nitta's highest Days Sales Outstanding was 115.22. The lowest was 75.73. And the median was 95.15.

TSE:5186's Days Sales Outstanding is ranked better than
53.09% of 2957 companies
in the Industrial Products industry
Industry Median: 79.61 vs TSE:5186: 75.73

Nitta's Days Sales Outstanding declined from Dec. 2022 (80.51) to Dec. 2023 (73.04).

Nitta Days Sales Outstanding Historical Data

The historical data trend for Nitta'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.

* Premium members only.

Nitta Days Sales Outstanding Chart

Nitta Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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90.49

93.56

93.04

86.99

80.11

Nitta 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															80.51	76.07	77.05	74.76	73.04

Competitive Comparison of Nitta's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Nitta'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.

Nitta's Days Sales Outstanding Distribution in the Industrial Products Industry

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

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

Nitta 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.

Nitta's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (20272	+	18357)	/	2 )	/	88000	*	365
=	19314.5					/	88000	*	365
=	80.11

Nitta'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
=	( (17779	+	18823)	/	2 )	/	22864	*	365 / 4
=	18301					/	22864	*	365 / 4
=	73.04

Nitta (TSE:5186) Days Sales Outstanding Explanation

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

Nitta Days Sales Outstanding Related Terms

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Nitta (TSE:5186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitta Corp (TSE:5186) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-4-26 Sakuragawa, Naniwa-ku, Osaka, JPN, 556-0022

Website

http://www.nitta.co.jp

Nitta Corp is a Japan-based company that manufactures and distributes a wide range of industrial products. The company's product line comprises conveyor belts and units, tubes and fittings, industrial wiper and molded rubber products, mechatronic products, magnetic sheets, and so on. The company's conveyor belt products are distributed under trademarks including PolySprint, Polybelt, New Light Grip, and SEB. The company's conveyor unit products include curve conveyor units, spiral conveyor units, and nonsnaking conveyor units. Nitta Corp's tube and fitting products are applied in pneumatic equipment, semiconductor equipment, industrial robots, and others. The company's wiper products include slide seals, lip seals, telesco seals, and others.

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