Topchoice Medical (SHSE:600763) Days Sales Outstanding : 20.79 (As of Mar. 2024)

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What is Topchoice Medical Days Sales Outstanding?

Topchoice Medical's average Accounts Receivable for the three months ended in Mar. 2024 was ¥161 Mil. Topchoice Medical's Revenue for the three months ended in Mar. 2024 was ¥708 Mil. Hence, Topchoice Medical's Days Sales Outstanding for the three months ended in Mar. 2024 was 20.79.

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

SHSE:600763' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.31 Med: 9.66 Max: 18.35
Current: 18.35

During the past 13 years, Topchoice Medical's highest Days Sales Outstanding was 18.35. The lowest was 4.31. And the median was 9.66.

SHSE:600763's Days Sales Outstanding is ranked better than
84.06% of 640 companies
in the Healthcare Providers & Services industry
Industry Median: 46.205 vs SHSE:600763: 18.35

Topchoice Medical's Days Sales Outstanding increased from Mar. 2023 (17.18) to Mar. 2024 (20.79).

Topchoice Medical Days Sales Outstanding Historical Data

The historical data trend for Topchoice Medical'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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Topchoice Medical Days Sales Outstanding Chart

Topchoice Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

10.11

10.74

9.19

11.98

15.55

Topchoice Medical 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															17.18	18.31	14.01	18.12	20.79

Competitive Comparison of Topchoice Medical's Days Sales Outstanding

For the Medical Care Facilities subindustry, Topchoice Medical'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.

Topchoice Medical's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Topchoice Medical's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Topchoice Medical's Days Sales Outstanding falls into.

Topchoice Medical 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.

Topchoice Medical'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
=	( (104.954	+	137.507)	/	2 )	/	2846.508	*	365
=	121.2305					/	2846.508	*	365
=	15.55

Topchoice Medical'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
=	( (137.507	+	185.236)	/	2 )	/	708.442	*	365 / 4
=	161.3715					/	708.442	*	365 / 4
=	20.79

Topchoice Medical (SHSE:600763) Days Sales Outstanding Explanation

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

Topchoice Medical Days Sales Outstanding Related Terms

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Topchoice Medical (SHSE:600763) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Topchoice Medical Corp (SHSE:600763) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lingxi North Road, Building 5, Hesheng Guomao, No. 21, Zhejiang Province, Hangzhou, CHN, 310013

Website

http://www.tcmedical.com.cn

Topchoice Medical Investment Co Inc is engaged in providing medical services. The company operates as an integrated medical platform and has a number of oral medical, health and reproductive medical institutions.

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