Tian Ruixiang Holdings (Tian Ruixiang Holdings) Days Sales Outstanding : 20.77 (As of Apr. 2023)

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What is Tian Ruixiang Holdings Days Sales Outstanding?

Tian Ruixiang Holdings's average Accounts Receivable for the six months ended in Apr. 2023 was $0.08 Mil. Tian Ruixiang Holdings's Revenue for the six months ended in Apr. 2023 was $0.73 Mil. Hence, Tian Ruixiang Holdings's Days Sales Outstanding for the six months ended in Apr. 2023 was 20.77.

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

TIRX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.28 Med: 45.07 Max: 102.53
Current: 28.18

During the past 6 years, Tian Ruixiang Holdings's highest Days Sales Outstanding was 102.53. The lowest was 22.28. And the median was 45.07.

TIRX's Days Sales Outstanding is ranked better than
73.21% of 56 companies
in the Insurance industry
Industry Median: 58.56 vs TIRX: 28.18

Tian Ruixiang Holdings's Days Sales Outstanding declined from Apr. 2022 (40.32) to Apr. 2023 (20.77).

Tian Ruixiang Holdings Days Sales Outstanding Historical Data

The historical data trend for Tian Ruixiang Holdings'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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Tian Ruixiang Holdings Days Sales Outstanding Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Days Sales Outstanding

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22.28

39.93

79.76

102.53

50.21

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Days Sales Outstanding	Get a 7-Day Free Trial							89.52	53.77	40.32	33.26	20.77

Competitive Comparison of Tian Ruixiang Holdings's Days Sales Outstanding

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings's Days Sales Outstanding Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Days Sales Outstanding falls into.

Tian Ruixiang Holdings 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.

Tian Ruixiang Holdings's Days Sales Outstanding for the fiscal year that ended in Oct. 2022 is calculated as

	Days Sales Outstanding (A: Oct. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )	/	Revenue (A: Oct. 2022 )	*	Days in Period
=	( (0.321	+	0.051)	/	2 )	/	1.352	*	365
=	0.186					/	1.352	*	365
=	50.21

Tian Ruixiang Holdings's Days Sales Outstanding for the quarter that ended in Apr. 2023 is calculated as:

	Days Sales Outstanding (Q: Apr. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )	/	Revenue (A: Apr. 2023 )	*	Days in Period
=	( (0.051	+	0.114)	/	2 )	/	0.725	*	365 / 2
=	0.0825					/	0.725	*	365 / 2
=	20.77

Tian Ruixiang Holdings (NAS:TIRX) Days Sales Outstanding Explanation

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

Tian Ruixiang Holdings Days Sales Outstanding Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.