Thai Textile Industry PCL (BKK:TTI) Days Sales Outstanding : 33.32 (As of Dec. 2023)

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What is Thai Textile Industry PCL Days Sales Outstanding?

Thai Textile Industry PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿188 Mil. Thai Textile Industry PCL's Revenue for the three months ended in Dec. 2023 was ฿514 Mil. Hence, Thai Textile Industry PCL's Days Sales Outstanding for the three months ended in Dec. 2023 was 33.32.

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

BKK:TTI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.88 Med: 40 Max: 48.4
Current: 38.41

During the past 13 years, Thai Textile Industry PCL's highest Days Sales Outstanding was 48.40. The lowest was 30.88. And the median was 40.00.

BKK:TTI's Days Sales Outstanding is ranked better than
68.38% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.32 vs BKK:TTI: 38.41

Thai Textile Industry PCL's Days Sales Outstanding declined from Dec. 2022 (36.79) to Dec. 2023 (33.32).

Thai Textile Industry PCL Days Sales Outstanding Historical Data

The historical data trend for Thai Textile Industry PCL'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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Thai Textile Industry PCL Days Sales Outstanding Chart

Thai Textile Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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37.98

43.44

30.88

33.90

42.01

Thai Textile Industry PCL 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															36.79	41.56	39.95	34.65	33.32

Competitive Comparison of Thai Textile Industry PCL's Days Sales Outstanding

For the Textile Manufacturing subindustry, Thai Textile Industry PCL'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.

Thai Textile Industry PCL's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Textile Industry PCL's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Thai Textile Industry PCL's Days Sales Outstanding falls into.

Thai Textile Industry PCL 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.

Thai Textile Industry PCL'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
=	( (303.307	+	187.333)	/	2 )	/	2131.21	*	365
=	245.32					/	2131.21	*	365
=	42.01

Thai Textile Industry PCL'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
=	( (187.978	+	187.333)	/	2 )	/	513.944	*	365 / 4
=	187.6555					/	513.944	*	365 / 4
=	33.32

Thai Textile Industry PCL (BKK:TTI) Days Sales Outstanding Explanation

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

Thai Textile Industry PCL Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Thai Textile Industry PCL's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Textile Industry PCL (BKK:TTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Textile Industry PCL (BKK:TTI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Bang Make Khao, Sukhumvit Road, 385 Moo 1, Soi Bang Make Khao, Taiban, Samutprakarn, Samutprakarn, THA, 10280

Website

http://www.tti.co.th

Thai Textile Industry PCL is engaged in the business of manufacturing, spinning service render, distributing yarns, apparel, and fabrics. The business operates in one segment that is Manufacturing and Distributing Yarns, Apparel, and Fabrics. The company caters only to the Thailand market. The product line of the company consists of blended yarns, dyed yarns, yarn dyed fabrics, piece dyed fabrics, shirt garments, cotton yarns, cotton spandex, rayon, polyester, and linen.