Modernform Group PCL (BKK:MODERN) Days Sales Outstanding : 63.44 (As of Mar. 2024)

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What is Modernform Group PCL Days Sales Outstanding?

Modernform Group PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿317 Mil. Modernform Group PCL's Revenue for the three months ended in Mar. 2024 was ฿457 Mil. Hence, Modernform Group PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.44.

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

BKK:MODERN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.46 Med: 65.43 Max: 129.29
Current: 51.71

During the past 13 years, Modernform Group PCL's highest Days Sales Outstanding was 129.29. The lowest was 48.46. And the median was 65.43.

BKK:MODERN's Days Sales Outstanding is ranked better than
52.26% of 421 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.27 vs BKK:MODERN: 51.71

Modernform Group PCL's Days Sales Outstanding increased from Mar. 2023 (56.66) to Mar. 2024 (63.44).

Modernform Group PCL Days Sales Outstanding Historical Data

The historical data trend for Modernform Group 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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Modernform Group PCL Days Sales Outstanding Chart

Modernform Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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72.24

54.76

50.48

48.46

54.22

Modernform Group PCL 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															56.66	46.98	46.26	55.07	63.44

Competitive Comparison of Modernform Group PCL's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Modernform Group 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.

Modernform Group PCL's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Days Sales Outstanding distribution charts can be found below:

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

Modernform Group 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.

Modernform Group 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
=	( (365.175	+	385.097)	/	2 )	/	2525.175	*	365
=	375.136					/	2525.175	*	365
=	54.22

Modernform Group PCL'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
=	( (385.097	+	249.661)	/	2 )	/	456.509	*	365 / 4
=	317.379					/	456.509	*	365 / 4
=	63.44

Modernform Group PCL (BKK:MODERN) Days Sales Outstanding Explanation

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

Modernform Group PCL Days Sales Outstanding Related Terms

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Modernform Group PCL (BKK:MODERN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Modernform Group PCL (BKK:MODERN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.modernform.co.th

Modernform Group PCL is a Thailand-based company, involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business of which furniture business accounts for the majority of revenue. Its furniture business consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.

Modernform Group PCL (BKK:MODERN) Headlines

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