Cathay Consolidated (TPE:1342) Days Sales Outstanding : 72.84 (As of Mar. 2024)

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What is Cathay Consolidated Days Sales Outstanding?

Cathay Consolidated's average Accounts Receivable for the three months ended in Mar. 2024 was NT$489 Mil. Cathay Consolidated's Revenue for the three months ended in Mar. 2024 was NT$613 Mil. Hence, Cathay Consolidated's Days Sales Outstanding for the three months ended in Mar. 2024 was 72.84.

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

TPE:1342' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.57 Med: 52.06 Max: 64.68
Current: 64.68

During the past 8 years, Cathay Consolidated's highest Days Sales Outstanding was 64.68. The lowest was 40.57. And the median was 52.06.

TPE:1342's Days Sales Outstanding is ranked worse than
62.62% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.78 vs TPE:1342: 64.68

Cathay Consolidated's Days Sales Outstanding increased from Mar. 2023 (54.37) to Mar. 2024 (72.84).

Cathay Consolidated Days Sales Outstanding Historical Data

The historical data trend for Cathay Consolidated'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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Cathay Consolidated Days Sales Outstanding Chart

Cathay Consolidated Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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54.41

47.46

49.35

52.89

61.75

Cathay Consolidated 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															54.37	56.04	62.10	69.75	72.84

Competitive Comparison of Cathay Consolidated's Days Sales Outstanding

For the Textile Manufacturing subindustry, Cathay Consolidated'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.

Cathay Consolidated's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cathay Consolidated's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cathay Consolidated's Days Sales Outstanding falls into.

Cathay Consolidated 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.

Cathay Consolidated'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
=	( (390.426	+	477.384)	/	2 )	/	2564.771	*	365
=	433.905					/	2564.771	*	365
=	61.75

Cathay Consolidated'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
=	( (477.384	+	501.226)	/	2 )	/	613.001	*	365 / 4
=	489.305					/	613.001	*	365 / 4
=	72.84

Cathay Consolidated (TPE:1342) Days Sales Outstanding Explanation

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

Cathay Consolidated Days Sales Outstanding Related Terms

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Cathay Consolidated (TPE:1342) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cathay Consolidated Inc (TPE:1342) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6, Dexing 4th Road, Yilan County, Dongshan Shiang, TWN, 26950

Website

https://www.cathayconsolidated.com

Cathay Consolidated Inc is a Taiwan-based company engaged in the manufacturing of TPU film, air mattresses, covers, laminated fabrics, and bladders. Its revenue mainly comes from the production and sale of functional fabrics. It operates in Taiwan, Asia, the Americas, Others, and the majority of its revenue comes from the Americas. Its products include Aviation, Outdoor, Marine, Medical, and Industrial.

Cathay Consolidated (TPE:1342) Headlines

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