Tung Ho Steel Enterprise (TPE:2006) Days Sales Outstanding : 24.16 (As of Mar. 2024)

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What is Tung Ho Steel Enterprise Days Sales Outstanding?

Tung Ho Steel Enterprise's average Accounts Receivable for the three months ended in Mar. 2024 was NT$3,930 Mil. Tung Ho Steel Enterprise's Revenue for the three months ended in Mar. 2024 was NT$14,846 Mil. Hence, Tung Ho Steel Enterprise's Days Sales Outstanding for the three months ended in Mar. 2024 was 24.16.

The historical rank and industry rank for Tung Ho Steel Enterprise's Days Sales Outstanding or its related term are showing as below:

TPE:2006' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.79 Med: 26.67 Max: 41.42
Current: 22.56

During the past 13 years, Tung Ho Steel Enterprise's highest Days Sales Outstanding was 41.42. The lowest was 20.79. And the median was 26.67.

TPE:2006's Days Sales Outstanding is ranked better than
79.7% of 596 companies
in the Steel industry
Industry Median: 49.815 vs TPE:2006: 22.56

Tung Ho Steel Enterprise's Days Sales Outstanding increased from Mar. 2023 (23.89) to Mar. 2024 (24.16).

Tung Ho Steel Enterprise Days Sales Outstanding Historical Data

The historical data trend for Tung Ho Steel Enterprise'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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Tung Ho Steel Enterprise Days Sales Outstanding Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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24.38

24.31

20.79

22.56

22.63

Tung Ho Steel Enterprise 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															23.89	21.78	23.19	22.42	24.16

Competitive Comparison of Tung Ho Steel Enterprise's Days Sales Outstanding

For the Steel subindustry, Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tung Ho Steel Enterprise's Days Sales Outstanding falls into.

Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise'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
=	( (3368.53	+	4189.707)	/	2 )	/	60961.908	*	365
=	3779.1185					/	60961.908	*	365
=	22.63

Tung Ho Steel Enterprise'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
=	( (4189.707	+	3670.405)	/	2 )	/	14846.311	*	365 / 4
=	3930.056					/	14846.311	*	365 / 4
=	24.16

Tung Ho Steel Enterprise (TPE:2006) Days Sales Outstanding Explanation

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

Tung Ho Steel Enterprise Days Sales Outstanding Related Terms

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Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (TPE:2006) Headlines

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