Sinmag Equipment (ROCO:1580) Days Sales Outstanding : 43.23 (As of Mar. 2024)

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What is Sinmag Equipment Days Sales Outstanding?

Sinmag Equipment's average Accounts Receivable for the three months ended in Mar. 2024 was NT$446 Mil. Sinmag Equipment's Revenue for the three months ended in Mar. 2024 was NT$943 Mil. Hence, Sinmag Equipment's Days Sales Outstanding for the three months ended in Mar. 2024 was 43.23.

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

ROCO:1580' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.16 Med: 54.96 Max: 76.73
Current: 37.21

During the past 13 years, Sinmag Equipment's highest Days Sales Outstanding was 76.73. The lowest was 37.16. And the median was 54.96.

ROCO:1580's Days Sales Outstanding is ranked better than
91.45% of 2958 companies
in the Industrial Products industry
Industry Median: 79.93 vs ROCO:1580: 37.21

Sinmag Equipment's Days Sales Outstanding declined from Mar. 2023 (44.05) to Mar. 2024 (43.23).

Sinmag Equipment Days Sales Outstanding Historical Data

The historical data trend for Sinmag Equipment'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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Sinmag Equipment Days Sales Outstanding Chart

Sinmag Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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48.06

53.22

43.48

45.71

37.16

Sinmag Equipment 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															44.05	35.25	36.94	38.48	43.23

Competitive Comparison of Sinmag Equipment's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Sinmag Equipment'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.

Sinmag Equipment's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sinmag Equipment's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Sinmag Equipment's Days Sales Outstanding falls into.

Sinmag Equipment 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.

Sinmag Equipment'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
=	( (440.672	+	475.422)	/	2 )	/	4498.686	*	365
=	458.047					/	4498.686	*	365
=	37.16

Sinmag Equipment'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
=	( (475.422	+	417.577)	/	2 )	/	942.562	*	365 / 4
=	446.4995					/	942.562	*	365 / 4
=	43.23

Sinmag Equipment (ROCO:1580) Days Sales Outstanding Explanation

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

Sinmag Equipment Days Sales Outstanding Related Terms

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Sinmag Equipment (ROCO:1580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinmag Equipment Corp (ROCO:1580) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Wuquan 6th Road, Wugu District, New Tapei City, TWN

Website

https://www.sinmag.com.tw

Sinmag Equipment Corp is a manufacturer of full-range bakery equipment. Its range of bakery equipment covers Planetary Mixers, Spiral Mixers, Bowl lifters, Dividers and Rounders, Moulders, Sheeters, and Proofers, among others. The company mainly operates in China, the USA, Japan, and European countries. The firm sells its products to supermarkets such as Carrefour, Walmart, Tesco, Auchan, and RT-Mart among others.

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