Shinih Enterprise Co (TPE:9944) Days Sales Outstanding : 37.23 (As of Mar. 2024)

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What is Shinih Enterprise Co Days Sales Outstanding?

Shinih Enterprise Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$299 Mil. Shinih Enterprise Co's Revenue for the three months ended in Mar. 2024 was NT$733 Mil. Hence, Shinih Enterprise Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 37.23.

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

TPE:9944' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.67 Med: 61.31 Max: 69.6
Current: 47.67

During the past 13 years, Shinih Enterprise Co's highest Days Sales Outstanding was 69.60. The lowest was 47.67. And the median was 61.31.

TPE:9944's Days Sales Outstanding is ranked better than
56.99% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs TPE:9944: 47.67

Shinih Enterprise Co's Days Sales Outstanding declined from Mar. 2023 (47.17) to Mar. 2024 (37.23).

Shinih Enterprise Co Days Sales Outstanding Historical Data

The historical data trend for Shinih Enterprise 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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Shinih Enterprise Co Days Sales Outstanding Chart

Shinih Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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61.24

61.57

52.93

49.06

50.02

Shinih Enterprise 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															47.17	48.30	56.37	48.56	37.23

Competitive Comparison of Shinih Enterprise Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Shinih Enterprise 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.

Shinih Enterprise Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shinih Enterprise Co's Days Sales Outstanding distribution charts can be found below:

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

Shinih Enterprise 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.

Shinih Enterprise 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
=	( (318.761	+	260.934)	/	2 )	/	2114.906	*	365
=	289.8475					/	2114.906	*	365
=	50.02

Shinih Enterprise 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
=	( (260.934	+	337.091)	/	2 )	/	732.915	*	365 / 4
=	299.0125					/	732.915	*	365 / 4
=	37.23

Shinih Enterprise Co (TPE:9944) Days Sales Outstanding Explanation

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

Shinih Enterprise Co Days Sales Outstanding Related Terms

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Shinih Enterprise Co (TPE:9944) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinih Enterprise Co Ltd (TPE:9944) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 Lianhua Street, Bade District,, Taoyuan, TWN

Website

http://www.shinih.com.tw

Shinih Enterprise Co Ltd manufactures, produces, and markets polyester fiber materials such as non-woven. Its products include VFT, Resin Bond Fiberfill, Thermobond Fiberfill, Automobile Carpet, Cushion Series, etc. The company also manufactures related machines.

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