Hocheng (TPE:1810) Days Sales Outstanding : 58.72 (As of Mar. 2024)

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What is Hocheng Days Sales Outstanding?

Hocheng's average Accounts Receivable for the three months ended in Mar. 2024 was NT$729 Mil. Hocheng's Revenue for the three months ended in Mar. 2024 was NT$1,134 Mil. Hence, Hocheng's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.72.

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

TPE:1810' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.33 Med: 72.28 Max: 81.83
Current: 55.49

During the past 13 years, Hocheng's highest Days Sales Outstanding was 81.83. The lowest was 55.33. And the median was 72.28.

TPE:1810's Days Sales Outstanding is ranked worse than
54.98% of 422 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.075 vs TPE:1810: 55.49

Hocheng's Days Sales Outstanding declined from Mar. 2023 (60.17) to Mar. 2024 (58.72).

Hocheng Days Sales Outstanding Historical Data

The historical data trend for Hocheng'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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Hocheng Days Sales Outstanding Chart

Hocheng Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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69.24

69.32

61.39

58.41

55.33

Hocheng 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															60.17	52.13	58.37	55.71	58.72

Competitive Comparison of Hocheng's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Hocheng'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.

Hocheng's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hocheng's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hocheng's Days Sales Outstanding falls into.

Hocheng 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.

Hocheng'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
=	( (717.144	+	759.623)	/	2 )	/	4870.787	*	365
=	738.3835					/	4870.787	*	365
=	55.33

Hocheng'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
=	( (759.623	+	699.332)	/	2 )	/	1133.532	*	365 / 4
=	729.4775					/	1133.532	*	365 / 4
=	58.72

Hocheng (TPE:1810) Days Sales Outstanding Explanation

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

Hocheng Days Sales Outstanding Related Terms

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Hocheng (TPE:1810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hocheng Corp (TPE:1810) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Xingshan Road, First floor, Neihu District, Taipei, TWN, 11469

Website

https://www.hcg.com.tw

Hocheng Corp is a Taiwan-based company, that engages in the manufacture and sale of bathroom fixtures, kitchen equipment, and shower enclosures. The company products include hygiene porcelains, water supply copper wares, bathtubs and table boards, toilet covers, kitchenware, and ceramic plates, among others. Its hygiene porcelains include toilets, water tanks, washbasins, sewage basins, and urine buckets. The Group has four reportable departments: the Taiwan business department, the investment department, the China business department, and the Philippine business department.

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