Hi-Clearance (ROCO:1788) Days Sales Outstanding : 98.67 (As of Mar. 2024)

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What is Hi-Clearance Days Sales Outstanding?

Hi-Clearance's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,043 Mil. Hi-Clearance's Revenue for the three months ended in Mar. 2024 was NT$965 Mil. Hence, Hi-Clearance's Days Sales Outstanding for the three months ended in Mar. 2024 was 98.67.

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

ROCO:1788' s Days Sales Outstanding Range Over the Past 10 Years
Min: 75.05 Med: 94.72 Max: 129.61
Current: 129.61

During the past 13 years, Hi-Clearance's highest Days Sales Outstanding was 129.61. The lowest was 75.05. And the median was 94.72.

ROCO:1788's Days Sales Outstanding is ranked worse than
86.12% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.92 vs ROCO:1788: 129.61

Hi-Clearance's Days Sales Outstanding increased from Dec. 2022 (95.10) to Mar. 2024 (98.67).

Hi-Clearance Days Sales Outstanding Historical Data

The historical data trend for Hi-Clearance'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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Hi-Clearance Days Sales Outstanding Chart

Hi-Clearance Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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94.24

94.93

90.36

89.02

75.05

Hi-Clearance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															95.10	94.22	97.35	96.13	98.67

Competitive Comparison of Hi-Clearance's Days Sales Outstanding

For the Medical Devices subindustry, Hi-Clearance'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.

Hi-Clearance's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hi-Clearance's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hi-Clearance's Days Sales Outstanding falls into.

Hi-Clearance 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.

Hi-Clearance's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (943.219	+	985.345)	/	2 )	/	4689.687	*	365
=	964.282					/	4689.687	*	365
=	75.05

Hi-Clearance'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: Sep. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1057.916	+	1028.752)	/	2 )	/	964.843	*	365 / 4
=	1043.334					/	964.843	*	365 / 4
=	98.67

Hi-Clearance (ROCO:1788) Days Sales Outstanding Explanation

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

Hi-Clearance Days Sales Outstanding Related Terms

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Hi-Clearance (ROCO:1788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hi-Clearance Inc (ROCO:1788) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Chongzhong Road, Lane 609, 8th Floor, Section 5, Taipei, TWN

Website

http://www.hiclearance.com.tw

Hi-Clearance Inc manufactures medical devices. It is engaged in the biochemical reagents and western medicine trading business. Its products are dialyzer, dialysis machine, RO machine, cardiac, radiation and implant surgery devices, dental consumables implant material & equipments & blood glucose monitor & nutrition products.

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