Tipco Asphalt PCL (BKK:TASCO-R) Days Sales Outstanding : 70.22 (As of Dec. 2023)

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What is Tipco Asphalt PCL Days Sales Outstanding?

Tipco Asphalt PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿5,274 Mil. Tipco Asphalt PCL's Revenue for the three months ended in Dec. 2023 was ฿6,853 Mil. Hence, Tipco Asphalt PCL's Days Sales Outstanding for the three months ended in Dec. 2023 was 70.22.

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

BKK:TASCO-R' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.39 Med: 49.86 Max: 72.83
Current: 72.83

During the past 13 years, Tipco Asphalt PCL's highest Days Sales Outstanding was 72.83. The lowest was 31.39. And the median was 49.86.

BKK:TASCO-R's Days Sales Outstanding is ranked worse than
64.74% of 380 companies
in the Building Materials industry
Industry Median: 55.495 vs BKK:TASCO-R: 72.83

Tipco Asphalt PCL's Days Sales Outstanding increased from Dec. 2022 (58.84) to Dec. 2023 (70.22).

Tipco Asphalt PCL Days Sales Outstanding Historical Data

The historical data trend for Tipco Asphalt 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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Tipco Asphalt PCL Days Sales Outstanding Chart

Tipco Asphalt PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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50.34

59.29

49.38

60.22

69.45

Tipco Asphalt PCL 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															58.84	69.45	76.25	79.55	70.22

Competitive Comparison of Tipco Asphalt PCL's Days Sales Outstanding

For the Building Materials subindustry, Tipco Asphalt 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.

Tipco Asphalt PCL's Days Sales Outstanding Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tipco Asphalt PCL's Days Sales Outstanding falls into.

Tipco Asphalt 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.

Tipco Asphalt 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
=	( (7020.396	+	4817.669)	/	2 )	/	31105.999	*	365
=	5919.0325					/	31105.999	*	365
=	69.45

Tipco Asphalt PCL'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
=	( (5729.478	+	4817.669)	/	2 )	/	6852.687	*	365 / 4
=	5273.5735					/	6852.687	*	365 / 4
=	70.22

Tipco Asphalt PCL (BKK:TASCO-R) Days Sales Outstanding Explanation

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

Tipco Asphalt PCL Days Sales Outstanding Related Terms

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Tipco Asphalt PCL (BKK:TASCO-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tipco Asphalt PCL (BKK:TASCO-R) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TASCO:Thailand

Address

118/1 Rama 6 Road, Phayathai Sub district, Phayathai District, Bangkok, THA, 10400

Website

https://www.tipcoasphalt.com

Tipco Asphalt PCL operates in two segment based on types of products and services. The Group conducts manufacturing and trading of asphalt, petroleum oil products and asphalt concrete in both domestic and overseas markets. Whereas, the marine logistic business complements the manufacturing and trading of asphalt and petroleum oil products. The Group conducts construction service related to highway construction and road rehabilitation in Thailand. The company operates in Thailand and Overseas, majority of its revenue being from Overseas. The company generates majority revenue from Manufacturing and trading segment.

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