Tongkun Group Co (SHSE:601233) Days Sales Outstanding : 3.73 (As of Mar. 2024)

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What is Tongkun Group Co Days Sales Outstanding?

Tongkun Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥863 Mil. Tongkun Group Co's Revenue for the three months ended in Mar. 2024 was ¥21,111 Mil. Hence, Tongkun Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.73.

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

SHSE:601233' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.63 Med: 3.11 Max: 5.74
Current: 2.73

During the past 13 years, Tongkun Group Co's highest Days Sales Outstanding was 5.74. The lowest was 1.63. And the median was 3.11.

SHSE:601233's Days Sales Outstanding is ranked better than
98.93% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs SHSE:601233: 2.73

Tongkun Group Co's Days Sales Outstanding increased from Mar. 2023 (3.57) to Mar. 2024 (3.73).

Tongkun Group Co Days Sales Outstanding Historical Data

The historical data trend for Tongkun Group Co'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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Tongkun Group Co Days Sales Outstanding Chart

Tongkun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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1.98

1.71

1.63

3.41

3.28

Tongkun Group Co 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															3.57	2.07	2.04	2.84	3.73

Competitive Comparison of Tongkun Group Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Tongkun Group Co'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.

Tongkun Group Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tongkun Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tongkun Group Co's Days Sales Outstanding falls into.

Tongkun Group Co 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.

Tongkun Group Co'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
=	( (794.588	+	692.828)	/	2 )	/	82639.849	*	365
=	743.708					/	82639.849	*	365
=	3.28

Tongkun Group Co'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
=	( (692.828	+	1033.868)	/	2 )	/	21111.384	*	365 / 4
=	863.348					/	21111.384	*	365 / 4
=	3.73

Tongkun Group Co (SHSE:601233) Days Sales Outstanding Explanation

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

Tongkun Group Co Days Sales Outstanding Related Terms

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Tongkun Group Co (SHSE:601233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tongkun Group Co Ltd (SHSE:601233) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 199 Guangming Road, Tongxiang Economic Development Zone, Tongxiang, Zhejiang, CHN, 314500

Website

http://www.zjtkgf.com/

Tongkun Group Co Ltd is a China-based company engaged in polyester and polyester filament yarn manufacturing. It offers various polyester filament yarns such as a pre-oriented filament, draw textured yarns, polyester chips, and others under the GOLDENCOCK and Tong Kun brand names. Geographically the business activities are carried out through China.

Executives

Shen Pei Xing	Director
Chen Shi Nan	Director
Zhou Jun	Directors, senior managers
Xu Jin Xiang	Directors, senior managers
Chen Jian Rong	Director

Tongkun Group Co (SHSE:601233) Headlines

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