Formosa Chemicals & Fibre (TPE:1326) Days Sales Outstanding : 24.77 (As of Dec. 2023)

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What is Formosa Chemicals & Fibre Days Sales Outstanding?

Formosa Chemicals & Fibre's average Accounts Receivable for the three months ended in Dec. 2023 was NT$23,776 Mil. Formosa Chemicals & Fibre's Revenue for the three months ended in Dec. 2023 was NT$87,598 Mil. Hence, Formosa Chemicals & Fibre's Days Sales Outstanding for the three months ended in Dec. 2023 was 24.77.

The historical rank and industry rank for Formosa Chemicals & Fibre's Days Sales Outstanding or its related term are showing as below:

TPE:1326' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.18 Med: 26.51 Max: 31.56
Current: 25.46

During the past 13 years, Formosa Chemicals & Fibre's highest Days Sales Outstanding was 31.56. The lowest was 25.18. And the median was 26.51.

TPE:1326's Days Sales Outstanding is ranked better than
88.86% of 1526 companies
in the Chemicals industry
Industry Median: 63.525 vs TPE:1326: 25.46

Formosa Chemicals & Fibre's Days Sales Outstanding declined from Dec. 2022 (26.03) to Dec. 2023 (24.77).

Formosa Chemicals & Fibre Days Sales Outstanding Historical Data

The historical data trend for Formosa Chemicals & Fibre'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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Formosa Chemicals & Fibre Days Sales Outstanding Chart

Formosa Chemicals & Fibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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29.27

31.56

25.71

25.18

26.20

Formosa Chemicals & Fibre 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															26.03	25.76	27.29	23.59	24.77

Competitive Comparison of Formosa Chemicals & Fibre's Days Sales Outstanding

For the Chemicals subindustry, Formosa Chemicals & Fibre'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.

Formosa Chemicals & Fibre's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Chemicals & Fibre's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Formosa Chemicals & Fibre's Days Sales Outstanding falls into.

Formosa Chemicals & Fibre 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.

Formosa Chemicals & Fibre'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
=	( (23501.265	+	24242.888)	/	2 )	/	332619.533	*	365
=	23872.0765					/	332619.533	*	365
=	26.20

Formosa Chemicals & Fibre'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
=	( (23309.346	+	24242.888)	/	2 )	/	87597.742	*	365 / 4
=	23776.117					/	87597.742	*	365 / 4
=	24.77

Formosa Chemicals & Fibre (TPE:1326) Days Sales Outstanding Explanation

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

Formosa Chemicals & Fibre Days Sales Outstanding Related Terms

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Formosa Chemicals & Fibre (TPE:1326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Chemicals & Fibre Corp (TPE:1326) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua North Road, Number 201, Songshan District, Taipei, TWN, 105

Website

https://www.fcfc.com.tw

Formosa Chemicals & Fibre Corp manufactures and sells a variety of chemicals, plastics-based products, and textiles. The Company has eight business divisions, namely First Chemical Division, Petrochemicals Division, Third Chemical Division, Plastics Division, Textile Division, First Fiber Division, Second Fiber Division, and Engineering & Construction Division. The Company's businesses are production and sales of petrochemical products, including PTA, PS, AN, Butadiene, SM polymer, SM, benzene, toluene, pxylene (PX) and o-xylene (OX), as well as nylon fiber, and rayon staple fiber. The Company is also engaged in spinning, weaving, dyeing and finishing.

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