Tropical Canning (Thailand) PCL (BKK:TC) Days Sales Outstanding : 80.11 (As of Mar. 2024)

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What is Tropical Canning (Thailand) PCL Days Sales Outstanding?

Tropical Canning (Thailand) PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿1,233 Mil. Tropical Canning (Thailand) PCL's Revenue for the three months ended in Mar. 2024 was ฿1,405 Mil. Hence, Tropical Canning (Thailand) PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 80.11.

The historical rank and industry rank for Tropical Canning (Thailand) PCL's Days Sales Outstanding or its related term are showing as below:

BKK:TC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.16 Med: 63.43 Max: 80.59
Current: 62.76

During the past 13 years, Tropical Canning (Thailand) PCL's highest Days Sales Outstanding was 80.59. The lowest was 44.16. And the median was 63.43.

BKK:TC's Days Sales Outstanding is ranked worse than
77.43% of 1843 companies
in the Consumer Packaged Goods industry
Industry Median: 39.36 vs BKK:TC: 62.76

Tropical Canning (Thailand) PCL's Days Sales Outstanding increased from Mar. 2023 (44.99) to Mar. 2024 (80.11).

Tropical Canning (Thailand) PCL Days Sales Outstanding Historical Data

The historical data trend for Tropical Canning (Thailand) PCL'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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Tropical Canning (Thailand) PCL Days Sales Outstanding Chart

Tropical Canning (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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58.03

56.12

63.23

44.16

68.12

Tropical Canning (Thailand) PCL 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															44.99	49.37	47.79	63.37	80.11

Competitive Comparison of Tropical Canning (Thailand) PCL's Days Sales Outstanding

For the Packaged Foods subindustry, Tropical Canning (Thailand) PCL'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.

Tropical Canning (Thailand) PCL's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tropical Canning (Thailand) PCL's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tropical Canning (Thailand) PCL's Days Sales Outstanding falls into.

Tropical Canning (Thailand) PCL 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.

Tropical Canning (Thailand) PCL'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
=	( (716.398	+	1118.226)	/	2 )	/	4915.255	*	365
=	917.312					/	4915.255	*	365
=	68.12

Tropical Canning (Thailand) PCL'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
=	( (1118.226	+	1348.134)	/	2 )	/	1404.7	*	365 / 4
=	1233.18					/	1404.7	*	365 / 4
=	80.11

Tropical Canning (Thailand) PCL (BKK:TC) Days Sales Outstanding Explanation

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

Tropical Canning (Thailand) PCL Days Sales Outstanding Related Terms

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Tropical Canning (Thailand) PCL (BKK:TC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tropical Canning (Thailand) PCL (BKK:TC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/1 Moo 2, Karnjanavanich Road, P.O. Box 44, Thungyai, Hatyai, Songkhla, THA, 90110

Website

https://www.tropical.co.th

Tropical Canning (Thailand) PCL is engaged in the manufacturing and trading of canned and pouched seafood products. The product portfolio includes Regular tuna products, Canned shellfish products, Ready-to-eat products, and Petfood cans. It has a business presence in the African continent, the European continent, the Asian continent and the American continent, among others.