Nitto Denko (Nitto Denko) Days Sales Outstanding : 88.40 (As of Mar. 2024)

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What is Nitto Denko Days Sales Outstanding?

Nitto Denko's average Accounts Receivable for the three months ended in Mar. 2024 was $1,431 Mil. Nitto Denko's Revenue for the three months ended in Mar. 2024 was $1,477 Mil. Hence, Nitto Denko's Days Sales Outstanding for the three months ended in Mar. 2024 was 88.40.

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

NDEKY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.53 Med: 79.09 Max: 83.19
Current: 81.17

During the past 13 years, Nitto Denko's highest Days Sales Outstanding was 83.19. The lowest was 75.53. And the median was 79.09.

NDEKY's Days Sales Outstanding is ranked worse than
66.99% of 1527 companies
in the Chemicals industry
Industry Median: 63.76 vs NDEKY: 81.17

Nitto Denko's Days Sales Outstanding declined from Mar. 2023 (92.28) to Mar. 2024 (88.40).

Nitto Denko Days Sales Outstanding Historical Data

The historical data trend for Nitto Denko'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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Nitto Denko Days Sales Outstanding Chart

Nitto Denko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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78.55

81.24

86.74

80.68

81.62

Nitto Denko 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															92.28	84.32	81.07	79.74	88.40

Competitive Comparison of Nitto Denko's Days Sales Outstanding

For the Specialty Chemicals subindustry, Nitto Denko'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.

Nitto Denko's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nitto Denko's Days Sales Outstanding distribution charts can be found below:

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

Nitto Denko 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.

Nitto Denko's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1334.597	+	1397.296)	/	2 )	/	6108.314	*	365
=	1365.9465					/	6108.314	*	365
=	81.62

Nitto Denko'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
=	( (1463.987	+	1397.296)	/	2 )	/	1476.713	*	365 / 4
=	1430.6415					/	1476.713	*	365 / 4
=	88.40

Nitto Denko (OTCPK:NDEKY) Days Sales Outstanding Explanation

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

Nitto Denko Days Sales Outstanding Related Terms

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Nitto Denko (Nitto Denko) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (OTCPK:NDEKY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NDEKF:USA 6988:Japan ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

Nitto Denko (Nitto Denko) Headlines

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