Hua Eng Wire & Cable Co (TPE:1608) Days Sales Outstanding : 52.88 (As of Mar. 2024)

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What is Hua Eng Wire & Cable Co Days Sales Outstanding?

Hua Eng Wire & Cable Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,519 Mil. Hua Eng Wire & Cable Co's Revenue for the three months ended in Mar. 2024 was NT$2,621 Mil. Hence, Hua Eng Wire & Cable Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 52.88.

The historical rank and industry rank for Hua Eng Wire & Cable Co's Days Sales Outstanding or its related term are showing as below:

TPE:1608' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.44 Med: 46.69 Max: 59.07
Current: 55.45

During the past 13 years, Hua Eng Wire & Cable Co's highest Days Sales Outstanding was 59.07. The lowest was 26.44. And the median was 46.69.

TPE:1608's Days Sales Outstanding is ranked better than
76.55% of 2960 companies
in the Industrial Products industry
Industry Median: 79.61 vs TPE:1608: 55.45

Hua Eng Wire & Cable Co's Days Sales Outstanding declined from Mar. 2023 (55.87) to Mar. 2024 (52.88).

Hua Eng Wire & Cable Co Days Sales Outstanding Historical Data

The historical data trend for Hua Eng Wire & Cable 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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Hua Eng Wire & Cable Co Days Sales Outstanding Chart

Hua Eng Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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44.94

43.98

40.57

51.26

58.24

Hua Eng Wire & Cable 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															55.87	57.06	56.27	56.02	52.88

Competitive Comparison of Hua Eng Wire & Cable Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Hua Eng Wire & Cable 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.

Hua Eng Wire & Cable Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hua Eng Wire & Cable Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hua Eng Wire & Cable Co's Days Sales Outstanding falls into.

Hua Eng Wire & Cable 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.

Hua Eng Wire & Cable 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
=	( (1593.3	+	1519.634)	/	2 )	/	9754.917	*	365
=	1556.467					/	9754.917	*	365
=	58.24

Hua Eng Wire & Cable 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
=	( (1519.634	+	1518.405)	/	2 )	/	2621.32	*	365 / 4
=	1519.0195					/	2621.32	*	365 / 4
=	52.88

Hua Eng Wire & Cable Co (TPE:1608) Days Sales Outstanding Explanation

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

Hua Eng Wire & Cable Co Days Sales Outstanding Related Terms

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Hua Eng Wire & Cable Co (TPE:1608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Eng Wire & Cable Co Ltd (TPE:1608) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 170, Chung Cheng 4th Road, Kaohsiung, TWN

Website

https://www.hegroup.com.tw

Hua Eng Wire & Cable Co Ltd is engaged in the processing, manufacture, sale and construction of wire, cable and copper products. The company has three reportable segments: Wire segment, Cable segment and Copper segment. Wire segment produces products such as oxygen free copper wire; Cable segment produces power cable, communication cable and optical fiber cable; Copper Segment produces copper plate.

Hua Eng Wire & Cable Co (TPE:1608) Headlines

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