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Tootsie Roll Industries (Tootsie Roll Industries) Days Sales Outstanding

: 31.38 (As of Dec. 2023)
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Tootsie Roll Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $67.8 Mil. Tootsie Roll Industries's Revenue for the three months ended in Dec. 2023 was $197.3 Mil. Hence, Tootsie Roll Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.38.

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

TR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.07   Med: 31.8   Max: 34.16
Current: 28.79

During the past 13 years, Tootsie Roll Industries's highest Days Sales Outstanding was 34.16. The lowest was 27.07. And the median was 31.80.

TR's Days Sales Outstanding is ranked better than
65.63% of 1833 companies
in the Consumer Packaged Goods industry
Industry Median: 38.96 vs TR: 28.79

Tootsie Roll Industries's Days Sales Outstanding declined from Dec. 2022 (33.88) to Dec. 2023 (31.38).


Tootsie Roll Industries Days Sales Outstanding Historical Data

The historical data trend for Tootsie Roll Industries'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.

Tootsie Roll Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.83 33.42 30.74 30.15 27.07

Tootsie Roll Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.88 33.20 31.11 23.72 31.38

Competitive Comparison

For the Confectioners subindustry, Tootsie Roll Industries'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.


Tootsie Roll Industries Days Sales Outstanding Distribution

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

* The bar in red indicates where Tootsie Roll Industries's Days Sales Outstanding falls into.



Tootsie Roll Industries 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.

Tootsie Roll Industries'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
=( (58.556 + 55.568) / 2 ) / 769.365*365
=57.062 / 769.365*365
=27.07

Tootsie Roll Industries'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
=( (80.118 + 55.568) / 2 ) / 197.276*365 / 4
=67.843 / 197.276*365 / 4
=31.38

* 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.


Tootsie Roll Industries  (NYSE:TR) Days Sales Outstanding Explanation

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


Tootsie Roll Industries Days Sales Outstanding Related Terms

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Tootsie Roll Industries (Tootsie Roll Industries) Business Description

Traded in Other Exchanges
Address
7401 South Cicero Avenue, Chicago, IL, USA, 60629
Tootsie Roll Industries Inc manufactures and sells candy products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, and Razzles. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States.
Executives
Henry G Mills officer: Vice President C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Leigh R Weiner 10 percent owner
Virginia L Gordon director C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Stephen Green officer: VP Manufacturing C/O TOOTAIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Ellen R Gordon director, 10 percent owner, officer: President
Lewis Brent Lana Jane director
Newlin John W. Jr. officer: Vice President-Mfg. C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVENUE, CHICAGO IL 60629
Barre A Seibert director C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
G Howard Ember officer: CFO
John P Majors officer: VP-Logistics TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Melvin J Gordon director, 10 percent owner, officer: Chairman