Syong Shun Metal Co (ROCO:2073) Days Sales Outstanding : 64.66 (As of Mar. 2024)

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What is Syong Shun Metal Co Days Sales Outstanding?

Syong Shun Metal Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$99.5 Mil. Syong Shun Metal Co's Revenue for the three months ended in Mar. 2024 was NT$140.4 Mil. Hence, Syong Shun Metal Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 64.66.

The historical rank and industry rank for Syong Shun Metal Co's Days Sales Outstanding or its related term are showing as below:

ROCO:2073' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.46 Med: 56.37 Max: 63.05
Current: 63.05

During the past 5 years, Syong Shun Metal Co's highest Days Sales Outstanding was 63.05. The lowest was 53.46. And the median was 56.37.

ROCO:2073's Days Sales Outstanding is ranked worse than
64.2% of 595 companies
in the Steel industry
Industry Median: 48.99 vs ROCO:2073: 63.05

Syong Shun Metal Co's Days Sales Outstanding increased from Mar. 2023 (57.08) to Mar. 2024 (64.66).

Syong Shun Metal Co Days Sales Outstanding Historical Data

The historical data trend for Syong Shun Metal 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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Syong Shun Metal Co Days Sales Outstanding Chart

Syong Shun Metal Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

56.37

62.06

53.46

54.37

61.05

Syong Shun Metal Co Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial										57.08	62.63	65.19	56.49	64.66

Competitive Comparison of Syong Shun Metal Co's Days Sales Outstanding

For the Steel subindustry, Syong Shun Metal 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.

Syong Shun Metal Co's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Syong Shun Metal Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Syong Shun Metal Co's Days Sales Outstanding falls into.

Syong Shun Metal 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.

Syong Shun Metal 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
=	( (77.995	+	94.896)	/	2 )	/	516.816	*	365
=	86.4455					/	516.816	*	365
=	61.05

Syong Shun Metal 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
=	( (94.896	+	104.142)	/	2 )	/	140.446	*	365 / 4
=	99.519					/	140.446	*	365 / 4
=	64.66

Syong Shun Metal Co (ROCO:2073) Days Sales Outstanding Explanation

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

Syong Shun Metal Co Days Sales Outstanding Related Terms

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Syong Shun Metal Co (ROCO:2073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Syong Shun Metal Co Ltd (ROCO:2073) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 393, Shun'an Road, Luzhu District, Kaohsiung City, TWN, 821010

Website

http://www.ssmc.com.tw

Syong Shun Metal Co Ltd is a processing plant for Panyuan wire rods. It is a midstream manufacturing plant in the steel product industry chain. These wire rods are used for screws and nuts, steel wire and steel cables, hand tools, automobiles.

Syong Shun Metal Co (ROCO:2073) Headlines

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