Elite Material Co (TPE:2383) Days Sales Outstanding : 117.78 (As of Mar. 2024)

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What is Elite Material Co Days Sales Outstanding?

Elite Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$16,653 Mil. Elite Material Co's Revenue for the three months ended in Mar. 2024 was NT$12,902 Mil. Hence, Elite Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 117.78.

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

TPE:2383' s Days Sales Outstanding Range Over the Past 10 Years
Min: 107.93 Med: 115.42 Max: 146.55
Current: 146.55

During the past 13 years, Elite Material Co's highest Days Sales Outstanding was 146.55. The lowest was 107.93. And the median was 115.42.

TPE:2383's Days Sales Outstanding is ranked worse than
88.01% of 2460 companies
in the Hardware industry
Industry Median: 74.5 vs TPE:2383: 146.55

Elite Material Co's Days Sales Outstanding declined from Dec. 2022 (126.12) to Mar. 2024 (117.78).

Elite Material Co Days Sales Outstanding Historical Data

The historical data trend for Elite Material 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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Elite Material Co Days Sales Outstanding Chart

Elite Material Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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115.37

118.99

124.39

107.93

116.08

Elite Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															126.12	131.11	105.51	104.10	117.78

Competitive Comparison of Elite Material Co's Days Sales Outstanding

For the Electronic Components subindustry, Elite Material 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.

Elite Material Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Elite Material Co's Days Sales Outstanding distribution charts can be found below:

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

Elite Material 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.

Elite Material Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (13127.064	+	11470.512)	/	2 )	/	38672.549	*	365
=	12298.788					/	38672.549	*	365
=	116.08

Elite Material 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: Sep. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (15539.901	+	17766.549)	/	2 )	/	12902.46	*	365 / 4
=	16653.225					/	12902.46	*	365 / 4
=	117.78

Elite Material Co (TPE:2383) Days Sales Outstanding Explanation

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

Elite Material Co Days Sales Outstanding Related Terms

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Elite Material Co (TPE:2383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elite Material Co Ltd (TPE:2383) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.emctw.com

Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals and raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: The domestic segment produces and sells different types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components, the Foreign segment produces and sells prepreg for printed circuit board and copper-clad laminate, and Other segments include investment and product exchange business. Geographically, It operates in Taiwan, China, and Other countries.

Elite Material Co (TPE:2383) Headlines

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