Thai Group Holdings PCL (BKK:TGH) Days Sales Outstanding : 24.39 (As of Dec. 2023)

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What is Thai Group Holdings PCL Days Sales Outstanding?

Thai Group Holdings PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿1,302 Mil. Thai Group Holdings PCL's Revenue for the three months ended in Dec. 2023 was ฿4,873 Mil. Hence, Thai Group Holdings PCL's Days Sales Outstanding for the three months ended in Dec. 2023 was 24.39.

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

BKK:TGH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.47 Med: 35.31 Max: 49.04
Current: 28.89

During the past 6 years, Thai Group Holdings PCL's highest Days Sales Outstanding was 49.04. The lowest was 27.47. And the median was 35.31.

BKK:TGH's Days Sales Outstanding is ranked better than
71.19% of 59 companies
in the Insurance industry
Industry Median: 61.99 vs BKK:TGH: 28.89

Thai Group Holdings PCL's Days Sales Outstanding declined from Dec. 2022 (26.22) to Dec. 2023 (24.39).

Thai Group Holdings PCL Days Sales Outstanding Historical Data

The historical data trend for Thai Group Holdings 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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Thai Group Holdings PCL Days Sales Outstanding Chart

Thai Group Holdings PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.04

41.22

27.96

27.47

29.39

Thai Group Holdings PCL 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															26.22	31.22	29.69	31.25	24.39

Competitive Comparison of Thai Group Holdings PCL's Days Sales Outstanding

For the Insurance - Diversified subindustry, Thai Group Holdings 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.

Thai Group Holdings PCL's Days Sales Outstanding Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Thai Group Holdings PCL's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Thai Group Holdings PCL's Days Sales Outstanding falls into.

Thai Group Holdings 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.

Thai Group Holdings 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
=	( (1348.144	+	1178.446)	/	2 )	/	15686.779	*	365
=	1263.295					/	15686.779	*	365
=	29.39

Thai Group Holdings PCL'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
=	( (1426.142	+	1178.446)	/	2 )	/	4872.792	*	365 / 4
=	1302.294					/	4872.792	*	365 / 4
=	24.39

Thai Group Holdings PCL (BKK:TGH) Days Sales Outstanding Explanation

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

Thai Group Holdings PCL Days Sales Outstanding Related Terms

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Thai Group Holdings PCL (BKK:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Group Holdings PCL (BKK:TGH) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.tgh.co.th

Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the insurance business segment. The company is managed and operates principally in Thailand.