Tan Chong Motor Holdings Bhd (XKLS:4405) Days Sales Outstanding : 40.07 (As of Mar. 2024)

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What is Tan Chong Motor Holdings Bhd Days Sales Outstanding?

Tan Chong Motor Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM248 Mil. Tan Chong Motor Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM564 Mil. Hence, Tan Chong Motor Holdings Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 40.07.

The historical rank and industry rank for Tan Chong Motor Holdings Bhd's Days Sales Outstanding or its related term are showing as below:

XKLS:4405' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.23 Med: 33.36 Max: 42.09
Current: 35.99

During the past 13 years, Tan Chong Motor Holdings Bhd's highest Days Sales Outstanding was 42.09. The lowest was 27.23. And the median was 33.36.

XKLS:4405's Days Sales Outstanding is ranked better than
77.32% of 1274 companies
in the Vehicles & Parts industry
Industry Median: 60.34 vs XKLS:4405: 35.99

Tan Chong Motor Holdings Bhd's Days Sales Outstanding increased from Mar. 2023 (35.46) to Mar. 2024 (40.07).

Tan Chong Motor Holdings Bhd Days Sales Outstanding Historical Data

The historical data trend for Tan Chong Motor Holdings 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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Tan Chong Motor Holdings Bhd Days Sales Outstanding Chart

Tan Chong Motor Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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33.46

42.09

39.04

30.16

35.19

Tan Chong Motor Holdings Bhd 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															35.46	-	-	35.08	40.07

Competitive Comparison of Tan Chong Motor Holdings Bhd's Days Sales Outstanding

For the Auto Manufacturers subindustry, Tan Chong Motor Holdings 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.

Tan Chong Motor Holdings Bhd's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tan Chong Motor Holdings Bhd's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tan Chong Motor Holdings Bhd's Days Sales Outstanding falls into.

Tan Chong Motor Holdings 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.

Tan Chong Motor Holdings Bhd'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
=	( (240.857	+	247.518)	/	2 )	/	2532.726	*	365
=	244.1875					/	2532.726	*	365
=	35.19

Tan Chong Motor Holdings Bhd'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
=	( (247.518	+	0)	/	1 )	/	563.7	*	365 / 4
=	247.518					/	563.7	*	365 / 4
=	40.07

Tan Chong Motor Holdings Bhd (XKLS:4405) Days Sales Outstanding Explanation

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

Tan Chong Motor Holdings Bhd Days Sales Outstanding Related Terms

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Tan Chong Motor Holdings Bhd (XKLS:4405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan Chong Motor Holdings Bhd (XKLS:4405) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

62-68 Jalan Sultan Azlan Shah, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 51200

Website

https://www.tanchonggroup.com

Tan Chong Motor Holdings Bhd is primarily an automotive manufacturer based in Malaysia. The company conducts its businesses through three segments, namely, Vehicles assembly, manufacturing, distribution and after-sales services segment, Financial Services, and others. The Vehicles assembly, manufacturing, distribution and after-sales services segment is its core business and is a majority revenue generator. It is focused on the assembly and distribution of passenger and commercial vehicles, automotive workshop services, distribution of automotive spare parts and manufacturing of automotive parts. The Financial Services segment provides hire purchase financing, personal loans and insurance agency services and other operations segment is engaged in property and investment holding activities.

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