Soaring Technology Co (ROCO:6222) Days Sales Outstanding : 84.58 (As of Mar. 2024)

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What is Soaring Technology Co Days Sales Outstanding?

Soaring Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$0.89 Mil. Soaring Technology Co's Revenue for the three months ended in Mar. 2024 was NT$0.96 Mil. Hence, Soaring Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 84.58.

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

ROCO:6222' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.63 Med: 104.74 Max: 175.04
Current: 169.17

During the past 13 years, Soaring Technology Co's highest Days Sales Outstanding was 175.04. The lowest was 36.63. And the median was 104.74.

ROCO:6222's Days Sales Outstanding is ranked worse than
95.69% of 418 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.31 vs ROCO:6222: 169.17

Soaring Technology Co's Days Sales Outstanding declined from Mar. 2023 (152.13) to Mar. 2024 (84.58).

Soaring Technology Co Days Sales Outstanding Historical Data

The historical data trend for Soaring Technology 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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Soaring Technology Co Days Sales Outstanding Chart

Soaring Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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81.73

96.16

113.32

143.50

175.04

Soaring Technology Co 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															152.13	197.97	173.48	299.96	84.58

Competitive Comparison of Soaring Technology Co's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Soaring Technology 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.

Soaring Technology Co's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Soaring Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Soaring Technology Co's Days Sales Outstanding falls into.

Soaring Technology 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.

Soaring Technology 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
=	( (1.555	+	0.79)	/	2 )	/	2.445	*	365
=	1.1725					/	2.445	*	365
=	175.04

Soaring Technology Co'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
=	( (0.79	+	0.986)	/	2 )	/	0.958	*	365 / 4
=	0.888					/	0.958	*	365 / 4
=	84.58

Soaring Technology Co (ROCO:6222) Days Sales Outstanding Explanation

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

Soaring Technology Co Days Sales Outstanding Related Terms

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Soaring Technology Co (ROCO:6222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Soaring Technology Co Ltd (ROCO:6222) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1Floor. No. 32, Zhongxing Road, Xizhi District, New Taipei City, Taipei Hsieh, TWN, 22161

Website

http://www.sotac.com.tw

Soaring Technology Co Ltd offers various liquid crystal display (LCD) monitors in Taiwan. It offers LED lamps, tubes, bulbs, and indoor and outdoor fixtures. The main business is engaged in the design, processing, manufacturing, and sales of lighting equipment and electrical appliances.

Soaring Technology Co (ROCO:6222) Headlines

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