Tong Ren Tang Technologies Co (HKSE:01666) Days Sales Outstanding : 58.70 (As of Dec. 2023)

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What is Tong Ren Tang Technologies Co Days Sales Outstanding?

Tong Ren Tang Technologies Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$995 Mil. Tong Ren Tang Technologies Co's Revenue for the six months ended in Dec. 2023 was HK$3,092 Mil. Hence, Tong Ren Tang Technologies Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 58.70.

The historical rank and industry rank for Tong Ren Tang Technologies Co's Days Sales Outstanding or its related term are showing as below:

HKSE:01666' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.13 Med: 41.76 Max: 67.8
Current: 52.67

During the past 13 years, Tong Ren Tang Technologies Co's highest Days Sales Outstanding was 67.80. The lowest was 22.13. And the median was 41.76.

HKSE:01666's Days Sales Outstanding is ranked better than
68.67% of 996 companies
in the Drug Manufacturers industry
Industry Median: 72.035 vs HKSE:01666: 52.67

Tong Ren Tang Technologies Co's Days Sales Outstanding declined from Dec. 2022 (71.14) to Dec. 2023 (58.70).

Tong Ren Tang Technologies Co Days Sales Outstanding Historical Data

The historical data trend for Tong Ren Tang Technologies 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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Tong Ren Tang Technologies Co Days Sales Outstanding Chart

Tong Ren Tang Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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53.81

67.80

56.51

59.47

49.44

Tong Ren Tang Technologies Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															64.73	60.33	71.14	51.12	58.70

Competitive Comparison of Tong Ren Tang Technologies Co's Days Sales Outstanding

For the Drug Manufacturers - General subindustry, Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies Co's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tong Ren Tang Technologies Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tong Ren Tang Technologies Co's Days Sales Outstanding falls into.

Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies 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
=	( (1218.102	+	788.866)	/	2 )	/	7408.671	*	365
=	1003.484					/	7408.671	*	365
=	49.44

Tong Ren Tang Technologies Co'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1200.203	+	788.866)	/	2 )	/	3092.165	*	365 / 2
=	994.5345					/	3092.165	*	365 / 2
=	58.70

Tong Ren Tang Technologies Co (HKSE:01666) 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 Ren Tang Technologies Co Days Sales Outstanding Related Terms

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Tong Ren Tang Technologies Co (HKSE:01666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tong Ren Tang Technologies Co Ltd (HKSE:01666) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TGRNF:USA TNG:Germany

Address

No. 16 Tongji Beilu, Beijing Economic and Technological Development Zone, Beijing, CHN

Website

https://www.tongrentangkj.com

Tong Ren Tang Technologies Co Ltd is engaged in the production and distribution of Chinese medicine and primarily operates in Mainland China and Hong Kong. The operating segments derive their revenue primarily from the manufacture and sale of Chinese medicine of the company in Mainland China and Tong Ren Tang Chinese Medicine and its subsidiaries engaged in manufacturing, retail, and wholesale of Chinese medicine products and healthcare products, and provision of Chinese medical consultation and treatments outside Mainland China and wholesale of healthcare products in Mainland China.

Executives

Citigroup Inc.	2502 Approved lending agent
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Aberdeen Asset Management Plc And Its Associates	2102 Investment manager

Tong Ren Tang Technologies Co (HKSE:01666) Headlines

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