Formosa Taffeta Co (TPE:1434) Days Sales Outstanding : 33.41 (As of Mar. 2024)

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What is Formosa Taffeta Co Days Sales Outstanding?

Formosa Taffeta Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$2,625 Mil. Formosa Taffeta Co's Revenue for the three months ended in Mar. 2024 was NT$7,170 Mil. Hence, Formosa Taffeta Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 33.41.

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

TPE:1434' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.82 Med: 42.22 Max: 51.42
Current: 34.83

During the past 13 years, Formosa Taffeta Co's highest Days Sales Outstanding was 51.42. The lowest was 32.82. And the median was 42.22.

TPE:1434's Days Sales Outstanding is ranked better than
71.83% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.35 vs TPE:1434: 34.83

Formosa Taffeta Co's Days Sales Outstanding declined from Mar. 2023 (34.28) to Mar. 2024 (33.41).

Formosa Taffeta Co Days Sales Outstanding Historical Data

The historical data trend for Formosa Taffeta Co'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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Formosa Taffeta Co Days Sales Outstanding Chart

Formosa Taffeta Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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43.21

41.88

39.15

35.10

32.82

Formosa Taffeta Co 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															34.28	34.46	33.70	34.36	33.41

Competitive Comparison of Formosa Taffeta Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Formosa Taffeta Co'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.

Formosa Taffeta Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Formosa Taffeta Co's Days Sales Outstanding falls into.

Formosa Taffeta Co 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.

Formosa Taffeta Co'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
=	( (2908.272	+	2218.048)	/	2 )	/	28501.509	*	365
=	2563.16					/	28501.509	*	365
=	32.82

Formosa Taffeta Co'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
=	( (2218.048	+	3031.725)	/	2 )	/	7169.831	*	365 / 4
=	2624.8865					/	7169.831	*	365 / 4
=	33.41

Formosa Taffeta Co (TPE:1434) Days Sales Outstanding Explanation

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

Formosa Taffeta Co Days Sales Outstanding Related Terms

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Formosa Taffeta Co (TPE:1434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The company's business segments include first business segment, which is primarily involved in production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which primarily produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segment. The first business segment and the cord fabric segment jointly contribute more than half of the company's total revenue.

Formosa Taffeta Co (TPE:1434) Headlines

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