Formosan Union Chemical (TPE:1709) Days Sales Outstanding : 42.95 (As of Mar. 2024)

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What is Formosan Union Chemical Days Sales Outstanding?

Formosan Union Chemical's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,198 Mil. Formosan Union Chemical's Revenue for the three months ended in Mar. 2024 was NT$2,546 Mil. Hence, Formosan Union Chemical's Days Sales Outstanding for the three months ended in Mar. 2024 was 42.95.

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

TPE:1709' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.61 Med: 37.9 Max: 41.72
Current: 40.59

During the past 13 years, Formosan Union Chemical's highest Days Sales Outstanding was 41.72. The lowest was 30.61. And the median was 37.90.

TPE:1709's Days Sales Outstanding is ranked better than
78.56% of 1525 companies
in the Chemicals industry
Industry Median: 64.02 vs TPE:1709: 40.59

Formosan Union Chemical's Days Sales Outstanding increased from Mar. 2023 (39.28) to Mar. 2024 (42.95).

Formosan Union Chemical Days Sales Outstanding Historical Data

The historical data trend for Formosan Union Chemical'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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Formosan Union Chemical Days Sales Outstanding Chart

Formosan Union Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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40.29

41.72

38.76

32.87

38.79

Formosan Union Chemical 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															39.28	41.69	39.78	43.59	42.95

Competitive Comparison of Formosan Union Chemical's Days Sales Outstanding

For the Chemicals subindustry, Formosan Union Chemical'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.

Formosan Union Chemical's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosan Union Chemical's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Formosan Union Chemical's Days Sales Outstanding falls into.

Formosan Union Chemical 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.

Formosan Union Chemical'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
=	( (913.506	+	1091.495)	/	2 )	/	9432.293	*	365
=	1002.5005					/	9432.293	*	365
=	38.79

Formosan Union Chemical'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
=	( (1091.495	+	1305.019)	/	2 )	/	2545.591	*	365 / 4
=	1198.257					/	2545.591	*	365 / 4
=	42.95

Formosan Union Chemical (TPE:1709) Days Sales Outstanding Explanation

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

Formosan Union Chemical Days Sales Outstanding Related Terms

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Formosan Union Chemical (TPE:1709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosan Union Chemical Corp (TPE:1709) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.206, Nanking East Road, 14th Floor, Section 2, Taipei, TWN

Website

http://www.fucc.com.tw

Formosan Union Chemical Corp is a Taiwan-based company principally engaged in the manufacturing, processing, and trading of chemical products. Its key products are alkyl benzene, nonyl phenol, and hydrogenated hydrocarbon resin and its derivatives. The products are mainly used as raw materials for detergents, surfactants rubbers, and plastic anti-oxidant agents, among others.

Formosan Union Chemical (TPE:1709) Headlines

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