China Fineblanking Technology Co (ROCO:1586) Days Sales Outstanding : 97.33 (As of Mar. 2024)

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What is China Fineblanking Technology Co Days Sales Outstanding?

China Fineblanking Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$694 Mil. China Fineblanking Technology Co's Revenue for the three months ended in Mar. 2024 was NT$651 Mil. Hence, China Fineblanking Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 97.33.

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

ROCO:1586' s Days Sales Outstanding Range Over the Past 10 Years
Min: 87.16 Med: 106.2 Max: 116.15
Current: 93.26

During the past 13 years, China Fineblanking Technology Co's highest Days Sales Outstanding was 116.15. The lowest was 87.16. And the median was 106.20.

ROCO:1586's Days Sales Outstanding is ranked worse than
61.04% of 2952 companies
in the Industrial Products industry
Industry Median: 79.815 vs ROCO:1586: 93.26

China Fineblanking Technology Co's Days Sales Outstanding declined from Mar. 2023 (115.60) to Mar. 2024 (97.33).

China Fineblanking Technology Co Days Sales Outstanding Historical Data

The historical data trend for China Fineblanking Technology 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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China Fineblanking Technology Co Days Sales Outstanding Chart

China Fineblanking Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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113.65

98.86

87.16

91.66

106.42

China Fineblanking Technology 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															115.60	97.70	93.44	86.35	97.33

Competitive Comparison of China Fineblanking Technology Co's Days Sales Outstanding

For the Metal Fabrication subindustry, China Fineblanking Technology 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.

China Fineblanking Technology Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Fineblanking Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Fineblanking Technology Co's Days Sales Outstanding falls into.

China Fineblanking Technology 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.

China Fineblanking Technology 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
=	( (641.097	+	706.207)	/	2 )	/	2310.59	*	365
=	673.652					/	2310.59	*	365
=	106.42

China Fineblanking Technology 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
=	( (706.207	+	682.469)	/	2 )	/	650.982	*	365 / 4
=	694.338					/	650.982	*	365 / 4
=	97.33

China Fineblanking Technology Co (ROCO:1586) Days Sales Outstanding Explanation

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

China Fineblanking Technology Co Days Sales Outstanding Related Terms

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China Fineblanking Technology Co (ROCO:1586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Fineblanking Technology Co Ltd (ROCO:1586) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No.40, Xinggong Road, Shengang Township, Changhua County, Chang Hua, TWN, 51648

Website

https://www.cftc-hc.com.tw

China Fineblanking Technology Co Ltd is engaged in the processing and manufacturing of various types of electronic and automotive parts. It is also engaged in on-electrolytic nickel plating surface treatment, double grinding, heat treatment, CNC machining, and gear machining. The Group has three reportable segments: HDD parts, Vehicle parts, and, Management and operation. The key revenue generator is the Vehicle Parts segment. It produces and sells vehicle parts.

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