Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Days Sales Outstanding : 52.14 (As of Mar. 2024)

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What is Thoresen Thai Agencies PCL Days Sales Outstanding?

Thoresen Thai Agencies PCL's average Accounts Receivable for the three months ended in Mar. 2024 was $103.7 Mil. Thoresen Thai Agencies PCL's Revenue for the three months ended in Mar. 2024 was $181.4 Mil. Hence, Thoresen Thai Agencies PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 52.14.

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

THAFF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.29 Med: 60.17 Max: 106.86
Current: 49.8

During the past 13 years, Thoresen Thai Agencies PCL's highest Days Sales Outstanding was 106.86. The lowest was 35.29. And the median was 60.17.

THAFF's Days Sales Outstanding is ranked better than
60.69% of 496 companies
in the Conglomerates industry
Industry Median: 61.035 vs THAFF: 49.80

Thoresen Thai Agencies PCL's Days Sales Outstanding declined from Mar. 2023 (53.61) to Mar. 2024 (52.14).

Thoresen Thai Agencies PCL Days Sales Outstanding Historical Data

The historical data trend for Thoresen Thai Agencies 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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Thoresen Thai Agencies PCL Days Sales Outstanding Chart

Thoresen Thai Agencies PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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47.20

55.83

40.20

35.92

50.77

Thoresen Thai Agencies PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															53.61	47.88	52.43	52.37	52.14

Competitive Comparison of Thoresen Thai Agencies PCL's Days Sales Outstanding

For the Conglomerates subindustry, Thoresen Thai Agencies 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.

Thoresen Thai Agencies PCL's Days Sales Outstanding Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Thoresen Thai Agencies PCL's Days Sales Outstanding distribution charts can be found below:

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

Thoresen Thai Agencies 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.

Thoresen Thai Agencies 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
=	( (82.587	+	108.071)	/	2 )	/	685.387	*	365
=	95.329					/	685.387	*	365
=	50.77

Thoresen Thai Agencies PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (108.071	+	99.271)	/	2 )	/	181.447	*	365 / 4
=	103.671					/	181.447	*	365 / 4
=	52.14

Thoresen Thai Agencies PCL (OTCPK:THAFF) Days Sales Outstanding Explanation

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

Thoresen Thai Agencies PCL Days Sales Outstanding Related Terms

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Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Thoresen Thai Agencies PCL (OTCPK:THAFF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TTA:Thailand NYVU:Germany

Address

Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Soi Chidlom, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.thoresen.com

Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from Shipping Segment.

Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Headlines

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