TCM Group A/S (OCSE:TCM) Days Sales Outstanding : 29.45 (As of Mar. 2024)

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What is TCM Group A/S Days Sales Outstanding?

TCM Group A/S's average Accounts Receivable for the three months ended in Mar. 2024 was kr94 Mil. TCM Group A/S's Revenue for the three months ended in Mar. 2024 was kr293 Mil. Hence, TCM Group A/S's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.45.

The historical rank and industry rank for TCM Group A/S's Days Sales Outstanding or its related term are showing as below:

OCSE:TCM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.32 Med: 15.29 Max: 30.27
Current: 30.27

During the past 10 years, TCM Group A/S's highest Days Sales Outstanding was 30.27. The lowest was 8.32. And the median was 15.29.

OCSE:TCM's Days Sales Outstanding is ranked better than
81.9% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.155 vs OCSE:TCM: 30.27

TCM Group A/S's Days Sales Outstanding increased from Mar. 2023 (20.39) to Mar. 2024 (29.45).

TCM Group A/S Days Sales Outstanding Historical Data

The historical data trend for TCM Group A/S'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.

* Premium members only.

TCM Group A/S Days Sales Outstanding Chart

TCM Group A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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11.50

8.32

8.67

11.02

19.96

TCM Group A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															20.39	25.81	35.95	30.47	29.45

Competitive Comparison of TCM Group A/S's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, TCM Group A/S'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.

TCM Group A/S's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group A/S's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TCM Group A/S's Days Sales Outstanding falls into.

TCM Group A/S 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.

TCM Group A/S'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
=	( (40.984	+	80.585)	/	2 )	/	1111.346	*	365
=	60.7845					/	1111.346	*	365
=	19.96

TCM Group A/S's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (80.585	+	108.2)	/	2 )	/	292.5	*	365 / 4
=	94.3925					/	292.5	*	365 / 4
=	29.45

TCM Group A/S (OCSE:TCM) Days Sales Outstanding Explanation

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

TCM Group A/S Days Sales Outstanding Related Terms

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TCM Group A/S (OCSE:TCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TCM Group A/S (OCSE:TCM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TCMc:UK

Address

Skautrupvej 16, Tvis, Holstebro, DNK, 7500

Website

https://www.tcmgroup.dk

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark.

TCM Group A/S (OCSE:TCM) Headlines

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