TCTM Kids IT Education (TCTM Kids IT Education) Days Sales Outstanding : 6.86 (As of Jun. 2023)

View and export this data going back to 2014. Start your Free Trial

What is TCTM Kids IT Education Days Sales Outstanding?

TCTM Kids IT Education's average Accounts Receivable for the three months ended in Jun. 2023 was $5.7 Mil. TCTM Kids IT Education's Revenue for the three months ended in Jun. 2023 was $76.1 Mil. Hence, TCTM Kids IT Education's Days Sales Outstanding for the three months ended in Jun. 2023 was 6.86.

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

TCTM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.97 Med: 15.46 Max: 51.56
Current: 20.35

During the past 13 years, TCTM Kids IT Education's highest Days Sales Outstanding was 51.56. The lowest was 5.97. And the median was 15.46.

TCTM's Days Sales Outstanding is ranked better than
58.23% of 249 companies
in the Education industry
Industry Median: 28.63 vs TCTM: 20.35

TCTM Kids IT Education's Days Sales Outstanding declined from Jun. 2022 (9.00) to Jun. 2023 (6.86).

TCTM Kids IT Education Days Sales Outstanding Historical Data

The historical data trend for TCTM Kids IT Education'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.

* Premium members only.

TCTM Kids IT Education Days Sales Outstanding Chart

TCTM Kids IT Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

6.41

5.97

11.87

15.88

18.68

TCTM Kids IT Education Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															10.17	-	15.04	6.86	-

Competitive Comparison of TCTM Kids IT Education's Days Sales Outstanding

For the Education & Training Services subindustry, TCTM Kids IT Education'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.

TCTM Kids IT Education's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, TCTM Kids IT Education's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TCTM Kids IT Education's Days Sales Outstanding falls into.

TCTM Kids IT Education 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.

TCTM Kids IT Education'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
=	( (9.859	+	0)	/	1 )	/	192.599	*	365
=	9.859					/	192.599	*	365
=	18.68

TCTM Kids IT Education's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (8.569	+	2.876)	/	2 )	/	76.104	*	365 / 4
=	5.7225					/	76.104	*	365 / 4
=	6.86

TCTM Kids IT Education (NAS:TCTM) Days Sales Outstanding Explanation

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

TCTM Kids IT Education Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of TCTM Kids IT Education's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

TCTM Kids IT Education (TCTM Kids IT Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TCTM Kids IT Education Inc (NAS:TCTM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

0T8B:Germany

Address

No. 1 Andingmenwai Street, 6th Floor, Litchi Tower, Chaoyang District, Beijing, CHN, 100011

Website

https://www.tedu.cn

Tarena International Inc is engaged in providing professional education services including professional information technology (IT) training courses and non-IT training courses. It offers K-12 education services in China. The company operates in two reportable segments namely IT Professional Education and IT-focused Supplementary STEAM Education Services. The majority of the revenue is generated from the IT-focused Supplementary STEAM Education Services segment. The service provides by the company includes featuring course content, examinations, student and teaching staff interaction tools, student management tools, and an online student community. For adult students, Their education platform combines live distance instruction, classroom-based tutoring, and online learning modules.