Promate Solutions (ROCO:6577) Days Sales Outstanding : 72.69 (As of Mar. 2024)

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What is Promate Solutions Days Sales Outstanding?

Promate Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was NT$415 Mil. Promate Solutions's Revenue for the three months ended in Mar. 2024 was NT$522 Mil. Hence, Promate Solutions's Days Sales Outstanding for the three months ended in Mar. 2024 was 72.69.

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

ROCO:6577' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.78 Med: 59.47 Max: 77.44
Current: 71.94

During the past 10 years, Promate Solutions's highest Days Sales Outstanding was 77.44. The lowest was 47.78. And the median was 59.47.

ROCO:6577's Days Sales Outstanding is ranked better than
52.38% of 2457 companies
in the Hardware industry
Industry Median: 74.19 vs ROCO:6577: 71.94

Promate Solutions's Days Sales Outstanding increased from Mar. 2023 (57.38) to Mar. 2024 (72.69).

Promate Solutions Days Sales Outstanding Historical Data

The historical data trend for Promate Solutions'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.

Promate Solutions Days Sales Outstanding Chart

Promate Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

51.77

57.59

77.44

72.06

59.01

Promate Solutions 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															57.38	54.53	80.16	114.49	72.69

Competitive Comparison of Promate Solutions's Days Sales Outstanding

For the Electronic Components subindustry, Promate Solutions'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.

Promate Solutions's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Promate Solutions's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Promate Solutions's Days Sales Outstanding falls into.

Promate Solutions 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.

Promate Solutions'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
=	( (279.445	+	538.077)	/	2 )	/	2528.193	*	365
=	408.761					/	2528.193	*	365
=	59.01

Promate Solutions'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
=	( (538.077	+	292.793)	/	2 )	/	521.528	*	365 / 4
=	415.435					/	521.528	*	365 / 4
=	72.69

Promate Solutions (ROCO:6577) Days Sales Outstanding Explanation

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

Promate Solutions Days Sales Outstanding Related Terms

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Promate Solutions (ROCO:6577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Promate Solutions Corp (ROCO:6577) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanshan Road, 1st Floor, No. 30, Section 1, Neihu District, Taipei, TWN, 11442

Website

https://www.promate.com

Promate Solutions Corp is a Taiwan-based company engaged in the research and development and manufacture of medical touch screen displays, embedded control systems, special application and industrial displays, and research and development of application software and hardware.

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