Hong Ho Precision Textile Co (TPE:1446) Days Sales Outstanding : 0.84 (As of Mar. 2024)

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What is Hong Ho Precision Textile Co Days Sales Outstanding?

Hong Ho Precision Textile Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$7 Mil. Hong Ho Precision Textile Co's Revenue for the three months ended in Mar. 2024 was NT$718 Mil. Hence, Hong Ho Precision Textile Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.84.

The historical rank and industry rank for Hong Ho Precision Textile Co's Days Sales Outstanding or its related term are showing as below:

TPE:1446' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.35 Med: 28.58 Max: 43.95
Current: 2.35

During the past 13 years, Hong Ho Precision Textile Co's highest Days Sales Outstanding was 43.95. The lowest was 2.35. And the median was 28.58.

TPE:1446's Days Sales Outstanding is ranked better than
99.13% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.035 vs TPE:1446: 2.35

Hong Ho Precision Textile Co's Days Sales Outstanding declined from Mar. 2023 (28.05) to Mar. 2024 (0.84).

Hong Ho Precision Textile Co Days Sales Outstanding Historical Data

The historical data trend for Hong Ho Precision Textile 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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Hong Ho Precision Textile Co Days Sales Outstanding Chart

Hong Ho Precision Textile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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28.30

14.49

28.86

36.39

5.94

Hong Ho Precision Textile Co 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															28.05	23.13	30.53	1.43	0.84

Competitive Comparison of Hong Ho Precision Textile Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Hong Ho Precision Textile 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.

Hong Ho Precision Textile Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hong Ho Precision Textile Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hong Ho Precision Textile Co's Days Sales Outstanding falls into.

Hong Ho Precision Textile 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.

Hong Ho Precision Textile 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
=	( (12.197	+	6.476)	/	2 )	/	573.294	*	365
=	9.3365					/	573.294	*	365
=	5.94

Hong Ho Precision Textile 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
=	( (6.476	+	6.797)	/	2 )	/	717.551	*	365 / 4
=	6.6365					/	717.551	*	365 / 4
=	0.84

Hong Ho Precision Textile Co (TPE:1446) Days Sales Outstanding Explanation

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

Hong Ho Precision Textile Co Days Sales Outstanding Related Terms

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Hong Ho Precision Textile Co (TPE:1446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hong Ho Precision Textile Co Ltd (TPE:1446) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.473,Zhongshan S.Road, Yong-kang District, Tainan City, TWN

Website

http://www.hongho.com.tw

Hong Ho Precision Textile Co Ltd is a Taiwan-based which is engaged in the manufacturing and selling of finished fabrics, apparel, and gray fabrics. Its fabrics include home textile fabrics, city wear fabrics, and sportswear fabrics.

Hong Ho Precision Textile Co (TPE:1446) Headlines

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