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Tat Hong Equipment Service Co (HKSE:02153) Days Sales Outstanding : 367.42 (As of Sep. 2023)


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What is Tat Hong Equipment Service Co Days Sales Outstanding?

Tat Hong Equipment Service Co's average Accounts Receivable for the six months ended in Sep. 2023 was HK$774.5 Mil. Tat Hong Equipment Service Co's Revenue for the six months ended in Sep. 2023 was HK$384.7 Mil. Hence, Tat Hong Equipment Service Co's Days Sales Outstanding for the six months ended in Sep. 2023 was 367.42.

The historical rank and industry rank for Tat Hong Equipment Service Co's Days Sales Outstanding or its related term are showing as below:

HKSE:02153' s Days Sales Outstanding Range Over the Past 10 Years
Min: 141.87   Med: 169.88   Max: 341.08
Current: 341.08

During the past 6 years, Tat Hong Equipment Service Co's highest Days Sales Outstanding was 341.08. The lowest was 141.87. And the median was 169.88.

HKSE:02153's Days Sales Outstanding is ranked worse than
97.61% of 209 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 73.29 vs HKSE:02153: 341.08

Tat Hong Equipment Service Co's Days Sales Outstanding increased from Sep. 2022 (309.93) to Sep. 2023 (367.42).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.


Tat Hong Equipment Service Co Days Sales Outstanding Historical Data

The historical data trend for Tat Hong Equipment Service 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.

* Premium members only.

Tat Hong Equipment Service Co Days Sales Outstanding Chart

Tat Hong Equipment Service Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Sales Outstanding
Get a 7-Day Free Trial 141.87 157.93 181.83 215.07 298.65

Tat Hong Equipment Service Co Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only 227.83 233.84 309.93 307.69 367.42

Competitive Comparison of Tat Hong Equipment Service Co's Days Sales Outstanding

For the Farm & Heavy Construction Machinery subindustry, Tat Hong Equipment Service 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.


Tat Hong Equipment Service Co's Days Sales Outstanding Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tat Hong Equipment Service Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tat Hong Equipment Service Co's Days Sales Outstanding falls into.



Tat Hong Equipment Service 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.

Tat Hong Equipment Service Co's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

Days Sales Outstanding (A: Mar. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count ) / Revenue (A: Mar. 2023 )*Days in Period
=( (717.824 + 718.787) / 2 ) / 877.883*365
=718.3055 / 877.883*365
=298.65

Tat Hong Equipment Service Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding (Q: Sep. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Sep. 2023 )) / count ) / Revenue (A: Sep. 2023 )*Days in Period
=( (718.787 + 830.238) / 2 ) / 384.703*365 / 2
=774.5125 / 384.703*365 / 2
=367.42

* 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.


Tat Hong Equipment Service Co  (HKSE:02153) Days Sales Outstanding Explanation

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


Tat Hong Equipment Service Co Days Sales Outstanding Related Terms

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Tat Hong Equipment Service Co (HKSE:02153) Business Description

Traded in Other Exchanges
N/A
Address
No. 2377, Shenkun Road, Room 601, Building 8, PortMix, Minhang District, Shanghai, CHN, 201106
Tat Hong Equipment Service Co Ltd is engaged in the business of providing tower crane services. The company provides one-stop tower crane solution services from consultation, technical design, commissioning, and construction to after-sales services. Its segments include namely infrastructure, clean energy, traditional energy, public and plant construction, commercial and residential sectors.
Executives
Chwee Cheng & Sons Pte Ltd 2201 Interest of corporation controlled by you
Ng San Tiong 2301 Trustee
Ng San Wee 2301 Trustee
Ng Sun Ho 2301 Trustee
Tat Hong Equipment (china) Pte. Ltd. 2101 Beneficial owner
Tat Hong Holdings Ltd 2201 Interest of corporation controlled by you
Tat Hong International Pte Ltd 2201 Interest of corporation controlled by you
Th60 Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Thsc Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Ng Sun Giam 2301 Trustee
Ng Sun Giam Roger 2301 Trustee
Zoomlion H.k. Holding Co., Limited 2201 Interest of corporation controlled by you
Zoomlion Heavy Industry Science And Technology Co.,limited 2201 Interest of corporation controlled by you
Zoomlion International Trading (h.k.) Co.,limited 2101 Beneficial owner
Lim Hua Min 2201 Interest of corporation controlled by you

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