Golden Insurance Brokers Co (ROCO:6028) Days Sales Outstanding : 39.95 (As of Dec. 2023)

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What is Golden Insurance Brokers Co Days Sales Outstanding?

Golden Insurance Brokers Co's average Accounts Receivable for the six months ended in Dec. 2023 was NT$358 Mil. Golden Insurance Brokers Co's Revenue for the six months ended in Dec. 2023 was NT$1,634 Mil. Hence, Golden Insurance Brokers Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 39.95.

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

ROCO:6028' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.93 Med: 41.22 Max: 60.35
Current: 38.79

During the past 10 years, Golden Insurance Brokers Co's highest Days Sales Outstanding was 60.35. The lowest was 34.93. And the median was 41.22.

ROCO:6028's Days Sales Outstanding is ranked better than
62.07% of 58 companies
in the Insurance industry
Industry Median: 56.505 vs ROCO:6028: 38.79

Golden Insurance Brokers Co's Days Sales Outstanding increased from Dec. 2022 (35.05) to Dec. 2023 (39.95).

Golden Insurance Brokers Co Days Sales Outstanding Historical Data

The historical data trend for Golden Insurance Brokers 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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Golden Insurance Brokers Co Days Sales Outstanding Chart

Golden Insurance Brokers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.04

37.99

34.93

39.99

41.22

Golden Insurance Brokers Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											27.86	31.33	35.05	34.82	39.95

Competitive Comparison of Golden Insurance Brokers Co's Days Sales Outstanding

For the Insurance Brokers subindustry, Golden Insurance Brokers 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.

Golden Insurance Brokers Co's Days Sales Outstanding Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Golden Insurance Brokers Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Golden Insurance Brokers Co's Days Sales Outstanding falls into.

Golden Insurance Brokers 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.

Golden Insurance Brokers 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
=	( (254.739	+	432.583)	/	2 )	/	3043.188	*	365
=	343.661					/	3043.188	*	365
=	41.22

Golden Insurance Brokers Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (282.855	+	432.583)	/	2 )	/	1634.266	*	365 / 2
=	357.719					/	1634.266	*	365 / 2
=	39.95

Golden Insurance Brokers Co (ROCO:6028) Days Sales Outstanding Explanation

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

Golden Insurance Brokers Co Days Sales Outstanding Related Terms

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Golden Insurance Brokers Co (ROCO:6028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Golden Insurance Brokers Co Ltd (ROCO:6028) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813

Website

http://www.goldennet.com.tw

Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.

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