YGL Convergence Bhd (XKLS:0086) Days Sales Outstanding : 60.80 (As of Jun. 2024)

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What is YGL Convergence Bhd Days Sales Outstanding?

YGL Convergence Bhd's average Accounts Receivable for the three months ended in Jun. 2024 was RM2.03 Mil. YGL Convergence Bhd's Revenue for the three months ended in Jun. 2024 was RM3.04 Mil. Hence, YGL Convergence Bhd's Days Sales Outstanding for the three months ended in Jun. 2024 was 60.80.

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

XKLS:0086' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.11 Med: 109.62 Max: 261.62
Current: 57.11

During the past 13 years, YGL Convergence Bhd's highest Days Sales Outstanding was 261.62. The lowest was 57.11. And the median was 109.62.

XKLS:0086's Days Sales Outstanding is ranked better than
71.07% of 2451 companies
in the Hardware industry
Industry Median: 74.75 vs XKLS:0086: 57.11

YGL Convergence Bhd's Days Sales Outstanding declined from Jun. 2023 (96.68) to Jun. 2024 (60.80).

YGL Convergence Bhd Days Sales Outstanding Historical Data

The historical data trend for YGL Convergence Bhd'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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YGL Convergence Bhd Days Sales Outstanding Chart

YGL Convergence Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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261.62

130.68

83.68

97.50

68.94

YGL Convergence Bhd Quarterly Data
	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															96.68	94.61	67.07	35.70	60.80

Competitive Comparison of YGL Convergence Bhd's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, YGL Convergence Bhd'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.

YGL Convergence Bhd's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, YGL Convergence Bhd's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where YGL Convergence Bhd's Days Sales Outstanding falls into.

YGL Convergence Bhd 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.

YGL Convergence Bhd's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (2.382	+	2.084)	/	2 )	/	11.822	*	365
=	2.233					/	11.822	*	365
=	68.94

YGL Convergence Bhd'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
=	( (2.084	+	1.967)	/	2 )	/	3.04	*	365 / 4
=	2.0255					/	3.04	*	365 / 4
=	60.80

YGL Convergence Bhd (XKLS:0086) Days Sales Outstanding Explanation

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

YGL Convergence Bhd Days Sales Outstanding Related Terms

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YGL Convergence Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » YGL Convergence Bhd (XKLS:0086) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Scotland Road, George Town, PNG, MYS, 10450

Website

https://www.yglworld.com

YGL Convergence Bhd is principally engaged in the marketing and distribution of computer software and hardware and the provision of professional service. The Group's reportable segment includes Software implementation, which is engaged in the Provision of software installation, commissioning, support, and maintenance services and its related services; the Solar panel installation segment, which is engaged in the Provision of engineering, procurement, construction, and commissioning services in solar energy solution and its related services. The majority of the company's revenue is derived from software panel installations. The company's geographical segments include Malaysia, Hong Kong, and other countries, out of which Malaysia derives the majority revenue.

YGL Convergence Bhd Headlines

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