Fortune Oriental Co (TPE:2491) Days Sales Outstanding : 63.13 (As of Mar. 2024)

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What is Fortune Oriental Co Days Sales Outstanding?

Fortune Oriental Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$33.1 Mil. Fortune Oriental Co's Revenue for the three months ended in Mar. 2024 was NT$47.8 Mil. Hence, Fortune Oriental Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.13.

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

TPE:2491' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.71 Med: 64.13 Max: 82.41
Current: 56.3

During the past 13 years, Fortune Oriental Co's highest Days Sales Outstanding was 82.41. The lowest was 36.71. And the median was 64.13.

TPE:2491's Days Sales Outstanding is ranked worse than
54.78% of 418 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.31 vs TPE:2491: 56.30

Fortune Oriental Co's Days Sales Outstanding declined from Mar. 2023 (64.49) to Mar. 2024 (63.13).

Fortune Oriental Co Days Sales Outstanding Historical Data

The historical data trend for Fortune Oriental 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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Fortune Oriental Co Days Sales Outstanding Chart

Fortune Oriental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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66.73

38.53

36.71

63.67

Fortune Oriental 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															64.49	51.67	57.64	61.09	63.13

Competitive Comparison of Fortune Oriental Co's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Fortune Oriental 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.

Fortune Oriental Co's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

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

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

Fortune Oriental 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.

Fortune Oriental 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
=	( (30.925	+	36.245)	/	2 )	/	192.545	*	365
=	33.585					/	192.545	*	365
=	63.67

Fortune Oriental 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
=	( (36.245	+	29.914)	/	2 )	/	47.817	*	365 / 4
=	33.0795					/	47.817	*	365 / 4
=	63.13

Fortune Oriental Co (TPE:2491) Days Sales Outstanding Explanation

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

Fortune Oriental Co Days Sales Outstanding Related Terms

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Fortune Oriental Co (TPE:2491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Fortune Oriental Co Ltd (TPE:2491) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng Road, No. 6, Lane 54, Xindian District, Taoyuan, TWN, 231041

Website

https://www.focl.com.tw

Fortune Oriental Co Ltd is principally engaged in the manufacturing and distribution of lighting applications and the distribution and reselling of electronic components. It also imports and export trade of products multimedia information products. Its segments include Electronics multimedia, Investment, Optoelectronic, and others. It generates the majority of its revenue from Investment segment.

Fortune Oriental Co (TPE:2491) Headlines

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