Shin HsiungNatural Gas (ROCO:8908) Days Sales Outstanding : 31.25 (As of Mar. 2024)

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What is Shin HsiungNatural Gas Days Sales Outstanding?

Shin HsiungNatural Gas's average Accounts Receivable for the three months ended in Mar. 2024 was NT$591 Mil. Shin HsiungNatural Gas's Revenue for the three months ended in Mar. 2024 was NT$1,726 Mil. Hence, Shin HsiungNatural Gas's Days Sales Outstanding for the three months ended in Mar. 2024 was 31.25.

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

ROCO:8908' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.32 Med: 30.3 Max: 33.61
Current: 31.82

During the past 13 years, Shin HsiungNatural Gas's highest Days Sales Outstanding was 33.61. The lowest was 27.32. And the median was 30.30.

ROCO:8908's Days Sales Outstanding is ranked better than
80.04% of 511 companies
in the Utilities - Regulated industry
Industry Median: 53.86 vs ROCO:8908: 31.82

Shin HsiungNatural Gas's Days Sales Outstanding declined from Mar. 2023 (34.56) to Mar. 2024 (31.25).

Shin HsiungNatural Gas Days Sales Outstanding Historical Data

The historical data trend for Shin HsiungNatural Gas'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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Shin HsiungNatural Gas Days Sales Outstanding Chart

Shin HsiungNatural Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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27.32

32.25

28.76

29.00

30.35

Shin HsiungNatural Gas 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															34.56	31.82	30.92	30.19	31.25

Competitive Comparison of Shin HsiungNatural Gas's Days Sales Outstanding

For the Utilities - Regulated Gas subindustry, Shin HsiungNatural Gas'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.

Shin HsiungNatural Gas's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shin HsiungNatural Gas's Days Sales Outstanding falls into.

Shin HsiungNatural Gas 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.

Shin HsiungNatural Gas'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
=	( (604.57	+	552.877)	/	2 )	/	6959.715	*	365
=	578.7235					/	6959.715	*	365
=	30.35

Shin HsiungNatural Gas'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
=	( (552.877	+	629.38)	/	2 )	/	1726.219	*	365 / 4
=	591.1285					/	1726.219	*	365 / 4
=	31.25

Shin HsiungNatural Gas (ROCO:8908) Days Sales Outstanding Explanation

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

Shin HsiungNatural Gas Days Sales Outstanding Related Terms

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Shin HsiungNatural Gas (ROCO:8908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shin HsiungNatural Gas Inc (ROCO:8908) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Section 1, Guotai Road, Fengshan District, Kaohsiung, TWN, 830

Website

https://www.shng.com.tw

Shin HsiungNatural Gas Inc is a supplier of natural gas. It also Manufactures and rental gas meters. It distributes natural gas to household, industrial, and commercial customers in the Kaohsiung area. It also sells and installs gas equipment.

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