Spine Asia Co (ROCO:6758) Days Sales Outstanding : 84.41 (As of Jun. 2024)

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What is Spine Asia Co Days Sales Outstanding?

Spine Asia Co's average Accounts Receivable for the six months ended in Jun. 2024 was NT$91.3 Mil. Spine Asia Co's Revenue for the six months ended in Jun. 2024 was NT$197.4 Mil. Hence, Spine Asia Co's Days Sales Outstanding for the six months ended in Jun. 2024 was 84.41.

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

ROCO:6758' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.92 Med: 70.24 Max: 89.28
Current: 77.81

During the past 8 years, Spine Asia Co's highest Days Sales Outstanding was 89.28. The lowest was 60.92. And the median was 70.24.

ROCO:6758's Days Sales Outstanding is ranked worse than
62.09% of 815 companies
in the Medical Devices & Instruments industry
Industry Median: 66.1 vs ROCO:6758: 77.81

Spine Asia Co's Days Sales Outstanding increased from Jun. 2023 (70.37) to Jun. 2024 (84.41).

Spine Asia Co Days Sales Outstanding Historical Data

The historical data trend for Spine Asia 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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Spine Asia Co Days Sales Outstanding Chart

Spine Asia Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.67

89.28

88.01

66.84

70.43

Spine Asia Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial										66.85	64.47	70.37	72.46	84.41

Competitive Comparison of Spine Asia Co's Days Sales Outstanding

For the Medical Devices subindustry, Spine Asia 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.

Spine Asia Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Spine Asia Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Spine Asia Co's Days Sales Outstanding falls into.

Spine Asia 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.

Spine Asia 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
=	( (62.239	+	88.749)	/	2 )	/	391.261	*	365
=	75.494					/	391.261	*	365
=	70.43

Spine Asia Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (88.749	+	93.823)	/	2 )	/	197.368	*	365 / 2
=	91.286					/	197.368	*	365 / 2
=	84.41

Spine Asia Co (ROCO:6758) Days Sales Outstanding Explanation

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

Spine Asia Co Days Sales Outstanding Related Terms

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Spine Asia Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Spine Asia Co Ltd (ROCO:6758) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chenggong Road, Yonghe District, 20th Floor, No. 80, Section 1, New Taipei, TWN

Website

http://www.aspine.com.tw

Spine Asia Co Ltd is a medical device company. It is engaged in research, development, manufacturing and marketing of spinal, implants and instruments. The company offers products such as vigor lumbar peek cage, remond polymer cervical cage, combo cervical disc cage.

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