Tong Hua Holdings PCL (BKK:TH) Days Sales Outstanding : 6.31 (As of Dec. 2023)

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What is Tong Hua Holdings PCL Days Sales Outstanding?

Tong Hua Holdings PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿7.2 Mil. Tong Hua Holdings PCL's Revenue for the three months ended in Dec. 2023 was ฿103.6 Mil. Hence, Tong Hua Holdings PCL's Days Sales Outstanding for the three months ended in Dec. 2023 was 6.31.

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

BKK:TH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.85 Med: 65.87 Max: 190.05
Current: 11.85

During the past 13 years, Tong Hua Holdings PCL's highest Days Sales Outstanding was 190.05. The lowest was 11.85. And the median was 65.87.

BKK:TH's Days Sales Outstanding is ranked better than
81.94% of 72 companies
in the Diversified Financial Services industry
Industry Median: 54.77 vs BKK:TH: 11.85

Tong Hua Holdings PCL's Days Sales Outstanding declined from Dec. 2022 (28.33) to Dec. 2023 (6.31).

Tong Hua Holdings PCL Days Sales Outstanding Historical Data

The historical data trend for Tong Hua 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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Tong Hua Holdings PCL Days Sales Outstanding Chart

Tong Hua Holdings PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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86.91

150.68

61.35

32.67

27.98

Tong Hua 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															28.33	22.96	1.87	1.06	6.31

Competitive Comparison of Tong Hua Holdings PCL's Days Sales Outstanding

For the Financial Conglomerates subindustry, Tong Hua 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.

Tong Hua Holdings PCL's Days Sales Outstanding Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Tong Hua Holdings PCL's Days Sales Outstanding distribution charts can be found below:

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

Tong Hua 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.

Tong Hua 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
=	( (54.46	+	13.385)	/	2 )	/	442.541	*	365
=	33.9225					/	442.541	*	365
=	27.98

Tong Hua 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
=	( (0.946	+	13.385)	/	2 )	/	103.635	*	365 / 4
=	7.1655					/	103.635	*	365 / 4
=	6.31

Tong Hua Holdings PCL (BKK:TH) Days Sales Outstanding Explanation

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

Tong Hua Holdings PCL Days Sales Outstanding Related Terms

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Tong Hua Holdings PCL (BKK:TH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tong Hua Holdings PCL (BKK:TH) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

877-881 Charoenkrung Road, Talad Noi, Sumpantavong, Bangkok, THA, 10100

Website

https://www.thaizhonghua.com

Tong Hua Holdings PCL operates as an investment company. It is organized into business segments namely Producing and Distributing Newspaper, Publishing, and Providing Printing Service; Space rental for product and service business; Investment Business; and Providing Short-Term Funds in Forms of Factoring, Loans and Asset management.