Toyo Tire (TSE:5105) Days Sales Outstanding : 73.14 (As of Jun. 2024)

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What is Toyo Tire Days Sales Outstanding?

Toyo Tire's average Accounts Receivable for the three months ended in Jun. 2024 was 円116,975 Mil. Toyo Tire's Revenue for the three months ended in Jun. 2024 was 円145,944 Mil. Hence, Toyo Tire's Days Sales Outstanding for the three months ended in Jun. 2024 was 73.14.

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

TSE:5105' s Days Sales Outstanding Range Over the Past 10 Years
Min: 70.75 Med: 75.32 Max: 80.03
Current: 76.74

During the past 13 years, Toyo Tire's highest Days Sales Outstanding was 80.03. The lowest was 70.75. And the median was 75.32.

TSE:5105's Days Sales Outstanding is ranked worse than
68.48% of 1288 companies
in the Vehicles & Parts industry
Industry Median: 60.145 vs TSE:5105: 76.74

Toyo Tire's Days Sales Outstanding declined from Jun. 2023 (78.67) to Jun. 2024 (73.14).

Toyo Tire Days Sales Outstanding Historical Data

The historical data trend for Toyo Tire'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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Toyo Tire Days Sales Outstanding Chart

Toyo Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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75.93

78.59

72.27

70.75

71.72

Toyo Tire Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															79.78	74.97	77.78	73.14	77.09

Competitive Comparison of Toyo Tire's Days Sales Outstanding

For the Auto Parts subindustry, Toyo Tire'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.

Toyo Tire's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyo Tire's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Toyo Tire's Days Sales Outstanding falls into.

Toyo Tire 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.

Toyo Tire'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
=	( (109468	+	107794)	/	2 )	/	552825	*	365
=	108631					/	552825	*	365
=	71.72

Toyo Tire'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: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (109671	+	124279)	/	2 )	/	145944	*	365 / 4
=	116975					/	145944	*	365 / 4
=	73.14

Toyo Tire (TSE:5105) Days Sales Outstanding Explanation

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

Toyo Tire Days Sales Outstanding Related Terms

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Toyo Tire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyo Tire Corp (TSE:5105) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TOTTF:USA TYR:Germany

Address

2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847

Website

https://www.toyotires.co.jp

Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

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