FIT Hon Teng (HKSE:06088) Days Sales Outstanding : 53.88 (As of Dec. 2023)

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What is FIT Hon Teng Days Sales Outstanding?

FIT Hon Teng's average Accounts Receivable for the six months ended in Dec. 2023 was HK$5,560 Mil. FIT Hon Teng's Revenue for the six months ended in Dec. 2023 was HK$18,833 Mil. Hence, FIT Hon Teng's Days Sales Outstanding for the six months ended in Dec. 2023 was 53.88.

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

HKSE:06088' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.03 Med: 77.56 Max: 120.14
Current: 62.03

During the past 8 years, FIT Hon Teng's highest Days Sales Outstanding was 120.14. The lowest was 62.03. And the median was 77.56.

HKSE:06088's Days Sales Outstanding is ranked better than
64.5% of 2459 companies
in the Hardware industry
Industry Median: 74.61 vs HKSE:06088: 62.03

FIT Hon Teng's Days Sales Outstanding declined from Dec. 2022 (56.56) to Dec. 2023 (53.88).

FIT Hon Teng Days Sales Outstanding Historical Data

The historical data trend for FIT Hon Teng'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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FIT Hon Teng Days Sales Outstanding Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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77.93

76.48

77.19

70.68

66.34

FIT Hon Teng Semi-Annual Data
	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											61.76	78.42	56.56	68.05	53.88

Competitive Comparison of FIT Hon Teng's Days Sales Outstanding

For the Electronic Components subindustry, FIT Hon Teng'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.

FIT Hon Teng's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FIT Hon Teng's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where FIT Hon Teng's Days Sales Outstanding falls into.

FIT Hon Teng 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.

FIT Hon Teng'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
=	( (5605.519	+	6304.711)	/	2 )	/	32766.406	*	365
=	5955.115					/	32766.406	*	365
=	66.34

FIT Hon Teng'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
=	( (4815.752	+	6304.711)	/	2 )	/	18833.098	*	365 / 2
=	5560.2315					/	18833.098	*	365 / 2
=	53.88

FIT Hon Teng (HKSE:06088) Days Sales Outstanding Explanation

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

FIT Hon Teng Days Sales Outstanding Related Terms

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FIT Hon Teng (HKSE:06088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (HKSE:06088) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FITGF:USA 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

FIT Hon Teng (HKSE:06088) Headlines

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