Thai Airways International PCL (Thai Airways International PCL) Days Sales Outstanding : 23.48 (As of Dec. 2023)

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What is Thai Airways International PCL Days Sales Outstanding?

Thai Airways International PCL's average Accounts Receivable for the three months ended in Dec. 2023 was $315 Mil. Thai Airways International PCL's Revenue for the three months ended in Dec. 2023 was $1,223 Mil. Hence, Thai Airways International PCL's Days Sales Outstanding for the three months ended in Dec. 2023 was 23.48.

The historical rank and industry rank for Thai Airways International PCL's Days Sales Outstanding or its related term are showing as below:

TAWNF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 19.79 Med: 24.39 Max: 65.56
Current: 24.74

During the past 13 years, Thai Airways International PCL's highest Days Sales Outstanding was 65.56. The lowest was 19.79. And the median was 24.39.

TAWNF's Days Sales Outstanding is ranked better than
77.54% of 966 companies
in the Transportation industry
Industry Median: 45.79 vs TAWNF: 24.74

Thai Airways International PCL's Days Sales Outstanding increased from Dec. 2022 (23.37) to Dec. 2023 (23.48).

Thai Airways International PCL Days Sales Outstanding Historical Data

The historical data trend for Thai Airways International PCL'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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Thai Airways International PCL Days Sales Outstanding Chart

Thai Airways International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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18.99

45.15

68.10

26.34

24.48

Thai Airways International PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															23.37	21.49	26.63	28.44	23.48

Competitive Comparison of Thai Airways International PCL's Days Sales Outstanding

For the Airlines subindustry, Thai Airways International PCL'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.

Thai Airways International PCL's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Thai Airways International PCL's Days Sales Outstanding falls into.

Thai Airways International PCL 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.

Thai Airways International PCL'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
=	( (277.812	+	325.948)	/	2 )	/	4500.888	*	365
=	301.88					/	4500.888	*	365
=	24.48

Thai Airways International PCL'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (303.358	+	325.948)	/	2 )	/	1222.65	*	365 / 4
=	314.653					/	1222.65	*	365 / 4
=	23.48

Thai Airways International PCL (OTCPK:TAWNF) Days Sales Outstanding Explanation

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

Thai Airways International PCL Days Sales Outstanding Related Terms

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Thai Airways International PCL (Thai Airways International PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thai Airways International PCL (OTCPK:TAWNF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaiairways.com

Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company has three main businesses: air transport (majority of total revenue), business units, and support services. The air transport business focuses on transportation of passengers, cargo, and mail. It utilizes scheduled and chartered flights to domestic and international destinations. The business units segment works to ensure all flights reach their destination on time and at the correct location. Additionally, it offers support with cargo terminal handling, group equipment services, and catering services. The majority of revenue originates outside of Thailand, with the biggest source coming from Europe.