Top Glove Bhd (Top Glove Bhd) Days Sales Outstanding : 36.75 (As of Feb. 2024)

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What is Top Glove Bhd Days Sales Outstanding?

Top Glove Bhd's average Accounts Receivable for the three months ended in Feb. 2024 was $46.5 Mil. Top Glove Bhd's Revenue for the three months ended in Feb. 2024 was $115.5 Mil. Hence, Top Glove Bhd's Days Sales Outstanding for the three months ended in Feb. 2024 was 36.75.

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

TPGVF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.64 Med: 41.78 Max: 45.94
Current: 39.42

During the past 13 years, Top Glove Bhd's highest Days Sales Outstanding was 45.94. The lowest was 14.64. And the median was 41.78.

TPGVF's Days Sales Outstanding is ranked better than
84.39% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 63.94 vs TPGVF: 39.42

Top Glove Bhd's Days Sales Outstanding increased from Feb. 2023 (35.10) to Feb. 2024 (36.75).

Top Glove Bhd Days Sales Outstanding Historical Data

The historical data trend for Top Glove 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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Top Glove Bhd Days Sales Outstanding Chart

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Sales Outstanding

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45.43

33.63

14.71

26.34

32.80

Top Glove Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Sales Outstanding	Get a 7-Day Free Trial															35.10	43.83	38.49	34.64	36.75

Competitive Comparison of Top Glove Bhd's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Top Glove 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.

Top Glove Bhd's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Top Glove Bhd's Days Sales Outstanding falls into.

Top Glove 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.

Top Glove Bhd's Days Sales Outstanding for the fiscal year that ended in Aug. 2023 is calculated as

	Days Sales Outstanding (A: Aug. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )	/	Revenue (A: Aug. 2023 )	*	Days in Period
=	( (51.775	+	36.241)	/	2 )	/	489.753	*	365
=	44.008					/	489.753	*	365
=	32.80

Top Glove Bhd's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (43.729	+	49.294)	/	2 )	/	115.483	*	365 / 4
=	46.5115					/	115.483	*	365 / 4
=	36.75

Top Glove Bhd (OTCPK:TPGVF) Days Sales Outstanding Explanation

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

Top Glove Bhd Days Sales Outstanding Related Terms

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Top Glove Bhd (Top Glove Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

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