Hotai Finance Co (TPE:6592) Days Sales Outstanding : 3,097.66 (As of Mar. 2024)

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What is Hotai Finance Co Days Sales Outstanding?

Hotai Finance Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$264,234 Mil. Hotai Finance Co's Revenue for the three months ended in Mar. 2024 was NT$7,784 Mil. Hence, Hotai Finance Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 3,097.66.

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

TPE:6592' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2363.25 Med: 3123.38 Max: 3264.77
Current: 3038.08

During the past 8 years, Hotai Finance Co's highest Days Sales Outstanding was 3264.77. The lowest was 2363.25. And the median was 3123.38.

TPE:6592's Days Sales Outstanding is ranked worse than
96.63% of 267 companies
in the Credit Services industry
Industry Median: 42.35 vs TPE:6592: 3038.08

Hotai Finance Co's Days Sales Outstanding increased from Mar. 2023 (3,080.14) to Mar. 2024 (3,097.66).

Hotai Finance Co Days Sales Outstanding Historical Data

The historical data trend for Hotai Finance 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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Hotai Finance Co Days Sales Outstanding Chart

Hotai Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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2,943.38

3,137.27

3,130.49

3,116.27

3,046.83

Hotai Finance 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															3,080.14	3,060.33	2,972.25	3,047.18	3,097.66

Competitive Comparison of Hotai Finance Co's Days Sales Outstanding

For the Credit Services subindustry, Hotai Finance 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.

Hotai Finance Co's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Hotai Finance Co's Days Sales Outstanding distribution charts can be found below:

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

Hotai Finance 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.

Hotai Finance 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
=	( (216928.982	+	261555.829)	/	2 )	/	28660.435	*	365
=	239242.4055					/	28660.435	*	365
=	3,046.83

Hotai Finance 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
=	( (261555.829	+	266911.327)	/	2 )	/	7783.711	*	365 / 4
=	264233.578					/	7783.711	*	365 / 4
=	3,097.66

Hotai Finance Co (TPE:6592) Days Sales Outstanding Explanation

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

Hotai Finance Co Days Sales Outstanding Related Terms

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Hotai Finance Co (TPE:6592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hotai Finance Co Ltd (TPE:6592) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.605, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.hfcfinance.com.tw

Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle and scooter, and others. Geographically, the firm operates in China and Taiwan. It generates a most of revenue from interest income.

Hotai Finance Co (TPE:6592) Headlines

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