Novatek Microelectronics (TPE:3034) Days Sales Outstanding : 63.44 (As of Mar. 2024)

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What is Novatek Microelectronics Days Sales Outstanding?

Novatek Microelectronics's average Accounts Receivable for the three months ended in Mar. 2024 was NT$16,982 Mil. Novatek Microelectronics's Revenue for the three months ended in Mar. 2024 was NT$24,428 Mil. Hence, Novatek Microelectronics's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.44.

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

TPE:3034' s Days Sales Outstanding Range Over the Past 10 Years
Min: 49.81 Med: 77.79 Max: 89.39
Current: 60.66

During the past 13 years, Novatek Microelectronics's highest Days Sales Outstanding was 89.39. The lowest was 49.81. And the median was 77.79.

TPE:3034's Days Sales Outstanding is ranked better than
53.78% of 980 companies
in the Semiconductors industry
Industry Median: 63.07 vs TPE:3034: 60.66

Novatek Microelectronics's Days Sales Outstanding increased from Mar. 2023 (62.07) to Mar. 2024 (63.44).

Novatek Microelectronics Days Sales Outstanding Historical Data

The historical data trend for Novatek Microelectronics'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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Novatek Microelectronics Days Sales Outstanding Chart

Novatek Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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75.17

60.98

49.81

65.29

54.04

Novatek Microelectronics 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															62.07	56.48	64.93	63.09	63.44

Competitive Comparison of Novatek Microelectronics's Days Sales Outstanding

For the Semiconductors subindustry, Novatek Microelectronics'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.

Novatek Microelectronics's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Novatek Microelectronics's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Novatek Microelectronics's Days Sales Outstanding falls into.

Novatek Microelectronics 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.

Novatek Microelectronics'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
=	( (15764.511	+	16934.522)	/	2 )	/	110428.698	*	365
=	16349.5165					/	110428.698	*	365
=	54.04

Novatek Microelectronics'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
=	( (16934.522	+	17029.983)	/	2 )	/	24427.885	*	365 / 4
=	16982.2525					/	24427.885	*	365 / 4
=	63.44

Novatek Microelectronics (TPE:3034) Days Sales Outstanding Explanation

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

Novatek Microelectronics Days Sales Outstanding Related Terms

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Novatek Microelectronics (TPE:3034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Novatek Microelectronics Corp (TPE:3034) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No.13, Innovation Road I, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.novatek.com.tw

Novatek Microelectronics Corp is a chip design company specializing in the design, development, and sales of a wide range of display driver ICs and SoC solutions for all display and audio/video applications. The group is mainly engaged in researching, developing, manufacturing, and sales of integrated circuit chips speech, communication, computer peripherals, LCD driver IC system, embedded MCU, DSP, and systems. The firm generates the majority of its revenue from countries across Asia, and the rest comes from Taiwan and others.

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