Kwong Lung Enterprise Co (ROCO:8916) Days Sales Outstanding : 39.11 (As of Mar. 2024)

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What is Kwong Lung Enterprise Co Days Sales Outstanding?

Kwong Lung Enterprise Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$648 Mil. Kwong Lung Enterprise Co's Revenue for the three months ended in Mar. 2024 was NT$1,511 Mil. Hence, Kwong Lung Enterprise Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 39.11.

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

ROCO:8916' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.96 Med: 32.78 Max: 46.18
Current: 46.18

During the past 13 years, Kwong Lung Enterprise Co's highest Days Sales Outstanding was 46.18. The lowest was 23.96. And the median was 32.78.

ROCO:8916's Days Sales Outstanding is ranked better than
59.26% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.38 vs ROCO:8916: 46.18

Kwong Lung Enterprise Co's Days Sales Outstanding declined from Mar. 2023 (50.09) to Mar. 2024 (39.11).

Kwong Lung Enterprise Co Days Sales Outstanding Historical Data

The historical data trend for Kwong Lung Enterprise 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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Kwong Lung Enterprise Co Days Sales Outstanding Chart

Kwong Lung Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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29.15

32.46

36.29

32.55

36.34

Kwong Lung Enterprise 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															50.09	42.64	51.87	58.94	39.11

Competitive Comparison of Kwong Lung Enterprise Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Kwong Lung Enterprise 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.

Kwong Lung Enterprise Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwong Lung Enterprise Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Kwong Lung Enterprise Co's Days Sales Outstanding falls into.

Kwong Lung Enterprise 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.

Kwong Lung Enterprise 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
=	( (969.216	+	565.631)	/	2 )	/	7708.244	*	365
=	767.4235					/	7708.244	*	365
=	36.34

Kwong Lung Enterprise 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
=	( (565.631	+	729.748)	/	2 )	/	1510.986	*	365 / 4
=	647.6895					/	1510.986	*	365 / 4
=	39.11

Kwong Lung Enterprise Co (ROCO:8916) Days Sales Outstanding Explanation

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

Kwong Lung Enterprise Co Days Sales Outstanding Related Terms

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Kwong Lung Enterprise Co (ROCO:8916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kwong Lung Enterprise Co Ltd (ROCO:8916) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 105, Dunhua South Road, 16th Floor, Section 2, Taipei, TWN, 10682

Website

http://www.klf-group.com

Kwong Lung Enterprise Co Ltd is engaged in manufacturing down feathers, bedding, garment, and sports jackets. The company products and services include Downing, Garment, Home Textile, and brand. It generates revenue through the production and sale of ready-made garments, down materials, and home textile products.

Kwong Lung Enterprise Co (ROCO:8916) Headlines

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