Sincere Security (ROCO:6721) Days Sales Outstanding : 58.99 (As of Mar. 2024)

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What is Sincere Security Days Sales Outstanding?

Sincere Security's average Accounts Receivable for the three months ended in Mar. 2024 was NT$513 Mil. Sincere Security's Revenue for the three months ended in Mar. 2024 was NT$794 Mil. Hence, Sincere Security's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.99.

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

ROCO:6721' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.99 Med: 52.01 Max: 62.07
Current: 62.07

During the past 7 years, Sincere Security's highest Days Sales Outstanding was 62.07. The lowest was 45.99. And the median was 52.01.

ROCO:6721's Days Sales Outstanding is ranked worse than
54.51% of 1042 companies
in the Business Services industry
Industry Median: 58.475 vs ROCO:6721: 62.07

Sincere Security's Days Sales Outstanding declined from Mar. 2023 (62.50) to Mar. 2024 (58.99).

Sincere Security Days Sales Outstanding Historical Data

The historical data trend for Sincere Security'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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Sincere Security Days Sales Outstanding Chart

Sincere Security Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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46.21

49.17

52.34

55.19

57.18

Sincere Security Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															62.50	62.64	65.07	60.78	58.99

Competitive Comparison of Sincere Security's Days Sales Outstanding

For the Specialty Business Services subindustry, Sincere Security'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.

Sincere Security's Days Sales Outstanding Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sincere Security's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Sincere Security's Days Sales Outstanding falls into.

Sincere Security 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.

Sincere Security'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
=	( (468.535	+	466.081)	/	2 )	/	2983.002	*	365
=	467.308					/	2983.002	*	365
=	57.18

Sincere Security'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
=	( (466.081	+	560.333)	/	2 )	/	793.801	*	365 / 4
=	513.207					/	793.801	*	365 / 4
=	58.99

Sincere Security (ROCO:6721) Days Sales Outstanding Explanation

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

Sincere Security Days Sales Outstanding Related Terms

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Sincere Security (ROCO:6721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sincere Security Corp Ltd (ROCO:6721) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 5, 2nd Floor, 201 Heping Street, Hsinchu County, Zhubei, TWN

Website

http://www.sincere-group.com.tw

Sincere Security Corp Ltd is a Taiwan based company involved in property management, cleaning services, mechanical and electrical air-conditioning maintenance and security monitoring. It provides services at science parks, hypermarkets, commercial buildings, schools, golf courses, villas and residential areas, and government units.

Sincere Security (ROCO:6721) Headlines

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