Tong Herr Resources Bhd (XKLS:5010) Days Sales Outstanding : 36.37 (As of Dec. 2023)

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What is Tong Herr Resources Bhd Days Sales Outstanding?

Tong Herr Resources Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM48.6 Mil. Tong Herr Resources Bhd's Revenue for the three months ended in Dec. 2023 was RM122.1 Mil. Hence, Tong Herr Resources Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 36.37.

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

XKLS:5010' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.44 Med: 36.12 Max: 39.58
Current: 31.76

During the past 13 years, Tong Herr Resources Bhd's highest Days Sales Outstanding was 39.58. The lowest was 21.44. And the median was 36.12.

XKLS:5010's Days Sales Outstanding is ranked better than
94.15% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs XKLS:5010: 31.76

Tong Herr Resources Bhd's Days Sales Outstanding declined from Dec. 2022 (37.10) to Dec. 2023 (36.37).

Tong Herr Resources Bhd Days Sales Outstanding Historical Data

The historical data trend for Tong Herr Resources 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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Tong Herr Resources Bhd Days Sales Outstanding Chart

Tong Herr Resources Bhd Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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39.58

36.37

29.42

21.44

27.77

Tong Herr Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															37.10	25.63	33.88	38.26	36.37

Competitive Comparison of Tong Herr Resources Bhd's Days Sales Outstanding

For the Tools & Accessories subindustry, Tong Herr Resources 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.

Tong Herr Resources Bhd's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tong Herr Resources Bhd's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tong Herr Resources Bhd's Days Sales Outstanding falls into.

Tong Herr Resources 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.

Tong Herr Resources 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
=	( (43.938	+	47.073)	/	2 )	/	598.033	*	365
=	45.5055					/	598.033	*	365
=	27.77

Tong Herr Resources Bhd's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (50.214	+	47.073)	/	2 )	/	122.06	*	365 / 4
=	48.6435					/	122.06	*	365 / 4
=	36.37

Tong Herr Resources Bhd (XKLS:5010) Days Sales Outstanding Explanation

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

Tong Herr Resources Bhd Days Sales Outstanding Related Terms

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Tong Herr Resources Bhd (XKLS:5010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tong Herr Resources Bhd (XKLS:5010) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2515, Tingkat Perusahaan 4A, Perai Free Trade Zone, Perai, PNG, MYS, 13600

Website

https://www.tong.com.my

Tong Herr Resources Bhd is a Malaysia-based investment holding company. It operates through two segments namely Manufacture and sale of stainless steel fasteners and Manufacture and sale of aluminum products. The company derives maximum revenue from the Manufacture and sale of stainless steel fasteners segment. It is engaged in the production and marketing of stainless steel fasteners such as nuts, bolts, screws, and all other threaded items, aluminum extrusion, and its related products. It operates geographically across countries like Malaysia, Thailand, Germany, the United States of America, and Other countries.

Tong Herr Resources Bhd (XKLS:5010) Headlines

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