CMC Magnetics (TPE:2323) Days Sales Outstanding : 68.98 (As of Dec. 2023)

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What is CMC Magnetics Days Sales Outstanding?

CMC Magnetics's average Accounts Receivable for the three months ended in Dec. 2023 was NT$1,445 Mil. CMC Magnetics's Revenue for the three months ended in Dec. 2023 was NT$1,912 Mil. Hence, CMC Magnetics's Days Sales Outstanding for the three months ended in Dec. 2023 was 68.98.

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

TPE:2323' s Days Sales Outstanding Range Over the Past 10 Years
Min: 67.14 Med: 72.45 Max: 97.11
Current: 68.27

During the past 13 years, CMC Magnetics's highest Days Sales Outstanding was 97.11. The lowest was 67.14. And the median was 72.45.

TPE:2323's Days Sales Outstanding is ranked better than
57.06% of 2459 companies
in the Hardware industry
Industry Median: 74.52 vs TPE:2323: 68.27

CMC Magnetics's Days Sales Outstanding declined from Dec. 2022 (73.19) to Dec. 2023 (68.98).

CMC Magnetics Days Sales Outstanding Historical Data

The historical data trend for CMC Magnetics'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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CMC Magnetics Days Sales Outstanding Chart

CMC Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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97.11

78.79

70.81

72.29

67.14

CMC Magnetics 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															73.19	70.44	68.11	66.86	68.98

Competitive Comparison of CMC Magnetics's Days Sales Outstanding

For the Computer Hardware subindustry, CMC Magnetics'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.

CMC Magnetics's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CMC Magnetics's Days Sales Outstanding distribution charts can be found below:

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

CMC Magnetics 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.

CMC Magnetics'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
=	( (1368.468	+	1348.398)	/	2 )	/	7384.447	*	365
=	1358.433					/	7384.447	*	365
=	67.14

CMC Magnetics'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
=	( (1542.474	+	1348.398)	/	2 )	/	1912.073	*	365 / 4
=	1445.436					/	1912.073	*	365 / 4
=	68.98

CMC Magnetics (TPE:2323) Days Sales Outstanding Explanation

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

CMC Magnetics Days Sales Outstanding Related Terms

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CMC Magnetics (TPE:2323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CMC Magnetics Corp (TPE:2323) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

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