Nikola Corporation's ability to collect accounts receivable sequentially worsen to 1.84, indicating more challenging environment then in the third quarter 2024, but still, it is a far cry from any concerns. Nikola's Accounts Receivable average collection period in the Dec 31 2024 quarter, has increased to 198 days, from 161 days, in the Sep 30 2024 quarter.

If we take a look into Consumer Discretionary sector 172 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2024 from 3477 to 3491.

What is Receivable Turnover Ratio?
What is Nikola Corporation Selling?

What is Receivable Turnover Ratio?

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NKLA Receivables Turnover Ratio	(Dec 31 2024) IV. Quarter	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter
Y / Y Receivable Change	85.72 %	383.54 %	99.22 %	-13.47 %	-43.66 %
Y / Y Revenue Change	-59.68 %	-	117.65 %	-33.21 %	82.08 %
Receivable Turnover Ratio (TTM)	1.84	2.27	2.08	1.72	1.83
NKLA's Total Ranking	# 3491	# 3477	# 2488	# 2799	# 2771
Accounts Receivable average collection period days	198	161	175	212	199
Seq. Receivable Change	-35.52 %	29.95 %	66.94 %	32.78 %	67.87 %
Seq. Revenue Change	-80.77 %	-19.88 %	321.2 %	-37.87 %	-

Receivable Turnover Company Ranking
Within:	No.
EV, Auto & Truck Manufacturers Industry	# 20
Consumer Discretionary Sector	# 173
Overall Market	# 3491

Receivable Turnover Ratio Statistics
High	Average	Low
0.07	0.04	0.03
(Dec 31 2024)		(Sep 30 2023)

NKLA Company Profile • Back to NKLA Efficiency Comparisons • Compare NKLA Receivables Turnover Ratio to its Competitors

Financial Statements
Nikola's Accounts Receivable	$ 33 Millions	Visit NKLA's Balance sheet
Nikola's Sales TTM	$ 69 Millions	Visit NKLA's Income Statement
Sources of NKLA's Revenues		Visit NKLA's Sales by Geography

Other Accounts Receivable Turnover Ratios
EV, Auto & Truck Manufacturers Industry Accounts Receivable Turnover Trends and Statistics
Consumer Discretionary Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
NKLA's Receivable Turnover Ratio versus EV, Auto & Truck Manufacturers Industry, Consumer Discretionary Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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NKLA's Profitability Ratios	NKLA's Roi	NKLA's Asset Turnover Ratio	NKLA's Dividend Growth
NKLA's Valuation Ratios	NKLA's Roe	NKLA's Financial Strength Ratios	NKLA's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2024, within Consumer Discretionary Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2024	Receivable at quarter ending Dec 31 2024
Aptiv Plc	5.57	$ 19,713.000 Millions	$ 3,539.500 Millions
Surge Components Inc	5.57	$ 31.211 Millions	$ 5.605 Millions
Strattec Security Corp	5.54	$ 551.811 Millions	$ 99.596 Millions
Mohawk Industries Inc	5.51	$ 10,836.700 Millions	$ 1,968.325 Millions
Commercial Vehicle Group Inc	5.46	$ 723.119 Millions	$ 132.440 Millions
Steven Madden Ltd	5.43	$ 2,282.927 Millions	$ 420.170 Millions
Te Connectivity plc	5.40	$ 15,850.000 Millions	$ 2,932.500 Millions
Movado Group Inc	5.40	$ 651.943 Millions	$ 120.733 Millions
Mattel Inc	5.39	$ 5,379.068 Millions	$ 998.308 Millions
Gentherm Incorporated	5.38	$ 1,455.431 Millions	$ 270.735 Millions
Clarus Corporation	5.33	$ 263.619 Millions	$ 49.471 Millions
Magna International Inc	5.17	$ 42,836.000 Millions	$ 8,289.000 Millions
Voxx International Corporation	5.12	$ 395.529 Millions	$ 77.241 Millions
VitaNova Life Sciences Corp	5.12	$ 1.254 Millions	$ 0.245 Millions
Avnet Inc	5.09	$ 22,482.668 Millions	$ 4,418.323 Millions
Aeye Inc	5.02	$ 0.202 Millions	$ 0.040 Millions
Gogoro Inc	5.00	$ 309.930 Millions	$ 61.949 Millions
Escalade Incorporated	4.97	$ 251.510 Millions	$ 50.588 Millions
Autoliv Inc	4.87	$ 10,348.000 Millions	$ 2,126.750 Millions
Ge Vernova Inc	4.85	$ 34,936.000 Millions	$ 7,201.500 Millions
Hasbro Inc	4.85	$ 4,135.500 Millions	$ 852.625 Millions
Hooker Furnishings Corporation	4.84	$ 396.628 Millions	$ 81.945 Millions
Garrett Motion Inc	4.78	$ 3,475.000 Millions	$ 727.000 Millions
Orion Energy Systems Inc	4.73	$ 85.262 Millions	$ 18.016 Millions
Borgwarner Inc	4.52	$ 14,086.000 Millions	$ 3,114.500 Millions
Albany International Corp	4.46	$ 1,229.776 Millions	$ 276.042 Millions
General Electric Company	4.39	$ 45,801.000 Millions	$ 10,433.250 Millions
Vinfast Auto ltd	4.33	$ 1,808.877 Millions	$ 417.726 Millions
Jakks Pacific Inc	4.24	$ 690.209 Millions	$ 162.683 Millions
Otis Worldwide Corporation	3.99	$ 14,261.000 Millions	$ 3,573.000 Millions

Date modified: 2026-09-08T15:11:34+00:00

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