Tiangong International Co (HKSE:00826) Days Sales Outstanding : 141.70 (As of Dec. 2023)

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What is Tiangong International Co Days Sales Outstanding?

Tiangong International Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,265 Mil. Tiangong International Co's Revenue for the six months ended in Dec. 2023 was HK$2,917 Mil. Hence, Tiangong International Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 141.70.

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

HKSE:00826' s Days Sales Outstanding Range Over the Past 10 Years
Min: 80.02 Med: 99.05 Max: 151.54
Current: 135.75

During the past 13 years, Tiangong International Co's highest Days Sales Outstanding was 151.54. The lowest was 80.02. And the median was 99.05.

HKSE:00826's Days Sales Outstanding is ranked worse than
92.18% of 601 companies
in the Steel industry
Industry Median: 50.01 vs HKSE:00826: 135.75

Tiangong International Co's Days Sales Outstanding increased from Dec. 2022 (127.82) to Dec. 2023 (141.70).

Tiangong International Co Days Sales Outstanding Historical Data

The historical data trend for Tiangong International Co'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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Tiangong International Co Days Sales Outstanding Chart

Tiangong International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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85.77

86.65

80.02

108.68

131.35

Tiangong International Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															70.92	104.25	127.82	133.94	141.70

Competitive Comparison of Tiangong International Co's Days Sales Outstanding

For the Steel subindustry, Tiangong International Co'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.

Tiangong International Co's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tiangong International Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tiangong International Co's Days Sales Outstanding falls into.

Tiangong International Co 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.

Tiangong International Co'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
=	( (1771.342	+	2293.355)	/	2 )	/	5647.515	*	365
=	2032.3485					/	5647.515	*	365
=	131.35

Tiangong International Co'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2236.511	+	2293.355)	/	2 )	/	2916.993	*	365 / 2
=	2264.933					/	2916.993	*	365 / 2
=	141.70

Tiangong International Co (HKSE:00826) Days Sales Outstanding Explanation

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

Tiangong International Co Days Sales Outstanding Related Terms

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Tiangong International Co (HKSE:00826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tiangong International Co Ltd (HKSE:00826) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

34T1:Germany

Address

Houxiang Town, Jiangsu Province, Danyang City, CHN, 212312

Website

http://www.tggj.cn

Tiangong International Co Ltd is engaged in the manufacturing and sales of high alloy steel, cutting tools, titanium alloy, trading of goods and others. The reportable segments of the company are, 1) The DS segment manufactures and sells materials that are used in the die set manufacturing industry. 2) The HSS segment manufactures and sells materials that are used in the tools manufacturing industry. 3) The cutting tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry. 4) The titanium alloy segment manufactures and sells titanium alloys to the titanium industry. 5) The trading of goods segment sells general carbon steel products that are not within the Group's production scope. 6) Others segment assembles and sells power tools kits.

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