Tungtex (Holdings) Co (HKSE:00518) Days Sales Outstanding : 68.26 (As of Sep. 2023)

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What is Tungtex (Holdings) Co Days Sales Outstanding?

Tungtex (Holdings) Co's average Accounts Receivable for the six months ended in Sep. 2023 was HK$88.8 Mil. Tungtex (Holdings) Co's Revenue for the six months ended in Sep. 2023 was HK$237.5 Mil. Hence, Tungtex (Holdings) Co's Days Sales Outstanding for the six months ended in Sep. 2023 was 68.26.

The historical rank and industry rank for Tungtex (Holdings) Co's Days Sales Outstanding or its related term are showing as below:

HKSE:00518' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.26 Med: 44.54 Max: 63.14
Current: 63.14

During the past 13 years, Tungtex (Holdings) Co's highest Days Sales Outstanding was 63.14. The lowest was 39.26. And the median was 44.54.

HKSE:00518's Days Sales Outstanding is ranked worse than
60.97% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.075 vs HKSE:00518: 63.14

Tungtex (Holdings) Co's Days Sales Outstanding increased from Sep. 2022 (44.71) to Sep. 2023 (68.26).

Tungtex (Holdings) Co Days Sales Outstanding Historical Data

The historical data trend for Tungtex (Holdings) 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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Tungtex (Holdings) Co Days Sales Outstanding Chart

Tungtex (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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41.57

42.54

53.11

45.10

45.94

Tungtex (Holdings) Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															56.36	41.94	44.71	61.53	68.26

Competitive Comparison of Tungtex (Holdings) Co's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Tungtex (Holdings) 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.

Tungtex (Holdings) Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Tungtex (Holdings) Co's Days Sales Outstanding falls into.

Tungtex (Holdings) 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.

Tungtex (Holdings) Co's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (82.681	+	106.914)	/	2 )	/	753.214	*	365
=	94.7975					/	753.214	*	365
=	45.94

Tungtex (Holdings) Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (106.914	+	70.779)	/	2 )	/	237.529	*	365 / 2
=	88.8465					/	237.529	*	365 / 2
=	68.26

Tungtex (Holdings) Co (HKSE:00518) Days Sales Outstanding Explanation

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

Tungtex (Holdings) Co Days Sales Outstanding Related Terms

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Tungtex (Holdings) Co (HKSE:00518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tungtex (Holdings) Co Ltd (HKSE:00518) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TUGHF:USA

Address

No. 83 Hung To Road, Office A, 26th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.tungtex.com

Tungtex (Holdings) Co Ltd is engaged in the business of manufacturing and sale of garments products. The operating segments of the group are North America, Asia, and Europe and others. Its customers are located in the PRC, the USA, Canada, European countries, and other countries, of which key revenue is generated from the USA. The company offers Silk-blended, Linen, Cotton, Synthetic items, and other products.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Thomas Howel Gruffudd Rhys	2201 Interest of corporation controlled by you
Wykeham Capital Asia Value Fund	2101 Beneficial owner
Wykeham Capital Limited	2102 Investment manager
Corona Investments Limited	2101 Beneficial owner
Tung Wah Wing	2201 Interest of corporation controlled by you
Wong Fung Lin	2201 Interest of corporation controlled by you

Tungtex (Holdings) Co (HKSE:00518) Headlines

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