Promate Electronic Co (TPE:6189) Days Sales Outstanding : 54.31 (As of Mar. 2024)

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What is Promate Electronic Co Days Sales Outstanding?

Promate Electronic Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$6,760 Mil. Promate Electronic Co's Revenue for the three months ended in Mar. 2024 was NT$11,359 Mil. Hence, Promate Electronic Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 54.31.

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

TPE:6189' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.53 Med: 60.98 Max: 74.32
Current: 67.31

During the past 13 years, Promate Electronic Co's highest Days Sales Outstanding was 74.32. The lowest was 44.53. And the median was 60.98.

TPE:6189's Days Sales Outstanding is ranked better than
57.88% of 2462 companies
in the Hardware industry
Industry Median: 74.315 vs TPE:6189: 67.31

Promate Electronic Co's Days Sales Outstanding declined from Mar. 2023 (65.31) to Mar. 2024 (54.31).

Promate Electronic Co Days Sales Outstanding Historical Data

The historical data trend for Promate Electronic 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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Promate Electronic Co Days Sales Outstanding Chart

Promate Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.53

65.70

69.62

74.32

63.11

Promate Electronic 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															65.31	71.56	67.85	78.32	54.31

Competitive Comparison of Promate Electronic Co's Days Sales Outstanding

For the Electronics & Computer Distribution subindustry, Promate Electronic 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.

Promate Electronic Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Promate Electronic Co's Days Sales Outstanding distribution charts can be found below:

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

Promate Electronic 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.

Promate Electronic 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
=	( (4561.018	+	5644.4)	/	2 )	/	29513.926	*	365
=	5102.709					/	29513.926	*	365
=	63.11

Promate Electronic 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
=	( (5644.4	+	7875.908)	/	2 )	/	11358.526	*	365 / 4
=	6760.154					/	11358.526	*	365 / 4
=	54.31

Promate Electronic Co (TPE:6189) Days Sales Outstanding Explanation

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

Promate Electronic Co Days Sales Outstanding Related Terms

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Promate Electronic Co (TPE:6189) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Promate Electronic Co Ltd (TPE:6189) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 32, Section of Huanshan Road, 4th Floor, Nei Hu District, Taipei, TWN, 11442

Website

https://www.promate.com

Promate Electronic Co Ltd is mainly engaged in the distribution and sales of electronic/electrical components, sales of computer software and electrical products, and sales of electronic/electrical components. The company has these operating segments; Application specific and LCD Display Products, Linear/ Distributed Components, Image Processing ICs, Application specific ICs, and Others. It has two business divisions; China Region and Non-China Region, out of which it derives a majority of its revenue from the Non-China Region.

Promate Electronic Co (TPE:6189) Headlines

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