TPI Composites (FRA:GX6) Days Sales Outstanding : 38.87 (As of Mar. 2024)

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What is TPI Composites Days Sales Outstanding?

TPI Composites's average Accounts Receivable for the three months ended in Mar. 2024 was €117 Mil. TPI Composites's Revenue for the three months ended in Mar. 2024 was €275 Mil. Hence, TPI Composites's Days Sales Outstanding for the three months ended in Mar. 2024 was 38.87.

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

FRA:GX6' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.8 Med: 39.32 Max: 51.48
Current: 39.36

During the past 11 years, TPI Composites's highest Days Sales Outstanding was 51.48. The lowest was 32.80. And the median was 39.32.

FRA:GX6's Days Sales Outstanding is ranked better than
90.36% of 2945 companies
in the Industrial Products industry
Industry Median: 79.82 vs FRA:GX6: 39.36

TPI Composites's Days Sales Outstanding declined from Mar. 2023 (40.87) to Mar. 2024 (38.87).

TPI Composites Days Sales Outstanding Historical Data

The historical data trend for TPI Composites'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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TPI Composites Days Sales Outstanding Chart

TPI Composites Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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44.30

51.87

33.27

38.56

39.63

TPI Composites 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															40.87	40.59	35.69	41.16	38.87

Competitive Comparison of TPI Composites's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, TPI Composites'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.

TPI Composites's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TPI Composites's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TPI Composites's Days Sales Outstanding falls into.

TPI Composites 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.

TPI Composites'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
=	( (171.168	+	118.579)	/	2 )	/	1334.403	*	365
=	144.8735					/	1334.403	*	365
=	39.63

TPI Composites'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
=	( (118.579	+	115.8)	/	2 )	/	275.137	*	365 / 4
=	117.1895					/	275.137	*	365 / 4
=	38.87

TPI Composites (FRA:GX6) Days Sales Outstanding Explanation

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

TPI Composites Days Sales Outstanding Related Terms

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TPI Composites (FRA:GX6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TPI Composites Inc (FRA:GX6) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TPIC:USA

Address

8501 North Scottsdale Road, Gainey Center II, Suite 100, Scottsdale, AZ, USA, 85253

Website

https://www.tpicomposites.com

TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.

TPI Composites (FRA:GX6) Headlines

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