Shinkong Synthetic Fiber (TPE:1409) Days Sales Outstanding : 144.03 (As of Dec. 2023)

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What is Shinkong Synthetic Fiber Days Sales Outstanding?

Shinkong Synthetic Fiber's average Accounts Receivable for the three months ended in Dec. 2023 was NT$15,743 Mil. Shinkong Synthetic Fiber's Revenue for the three months ended in Dec. 2023 was NT$9,974 Mil. Hence, Shinkong Synthetic Fiber's Days Sales Outstanding for the three months ended in Dec. 2023 was 144.03.

The historical rank and industry rank for Shinkong Synthetic Fiber's Days Sales Outstanding or its related term are showing as below:

TPE:1409' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.62 Med: 68.62 Max: 146.9
Current: 145.58

During the past 13 years, Shinkong Synthetic Fiber's highest Days Sales Outstanding was 146.90. The lowest was 56.62. And the median was 68.62.

TPE:1409's Days Sales Outstanding is ranked worse than
89.84% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.35 vs TPE:1409: 145.58

Shinkong Synthetic Fiber's Days Sales Outstanding declined from Dec. 2022 (145.14) to Dec. 2023 (144.03).

Shinkong Synthetic Fiber Days Sales Outstanding Historical Data

The historical data trend for Shinkong Synthetic Fiber'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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Shinkong Synthetic Fiber Days Sales Outstanding Chart

Shinkong Synthetic Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.36

133.31

146.90

134.70

146.45

Shinkong Synthetic Fiber 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															145.14	148.26	154.73	135.83	144.03

Competitive Comparison of Shinkong Synthetic Fiber's Days Sales Outstanding

For the Textile Manufacturing subindustry, Shinkong Synthetic Fiber'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.

Shinkong Synthetic Fiber's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shinkong Synthetic Fiber's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shinkong Synthetic Fiber's Days Sales Outstanding falls into.

Shinkong Synthetic Fiber 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.

Shinkong Synthetic Fiber'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
=	( (14363.08	+	16914.458)	/	2 )	/	38976.968	*	365
=	15638.769					/	38976.968	*	365
=	146.45

Shinkong Synthetic Fiber'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
=	( (14570.827	+	16914.458)	/	2 )	/	9973.798	*	365 / 4
=	15742.6425					/	9973.798	*	365 / 4
=	144.03

Shinkong Synthetic Fiber (TPE:1409) Days Sales Outstanding Explanation

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

Shinkong Synthetic Fiber Days Sales Outstanding Related Terms

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Shinkong Synthetic Fiber (TPE:1409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Synthetic Fiber Corp (TPE:1409) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657

Website

http://www.shinkong.com.tw

Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

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