Comfort Gloves Bhd (XKLS:2127) Days Sales Outstanding : 69.36 (As of Dec. 2023)

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What is Comfort Gloves Bhd Days Sales Outstanding?

Comfort Gloves Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM56.0 Mil. Comfort Gloves Bhd's Revenue for the three months ended in Dec. 2023 was RM73.6 Mil. Hence, Comfort Gloves Bhd's Days Sales Outstanding for the three months ended in Dec. 2023 was 69.36.

The historical rank and industry rank for Comfort Gloves Bhd's Days Sales Outstanding or its related term are showing as below:

XKLS:2127' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.46 Med: 57.42 Max: 71.35
Current: 68.48

During the past 13 years, Comfort Gloves Bhd's highest Days Sales Outstanding was 71.35. The lowest was 33.46. And the median was 57.42.

XKLS:2127's Days Sales Outstanding is ranked worse than
54.68% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 64.325 vs XKLS:2127: 68.48

Comfort Gloves Bhd's Days Sales Outstanding declined from Dec. 2022 (74.23) to Dec. 2023 (69.36).

Comfort Gloves Bhd Days Sales Outstanding Historical Data

The historical data trend for Comfort Gloves Bhd'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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Comfort Gloves Bhd Days Sales Outstanding Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Days Sales Outstanding

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69.29

71.35

49.93

68.22

69.62

Comfort Gloves Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															74.23	62.77	63.23	79.92	69.36

Competitive Comparison of Comfort Gloves Bhd's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Comfort Gloves Bhd'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.

Comfort Gloves Bhd's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Comfort Gloves Bhd's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Comfort Gloves Bhd's Days Sales Outstanding falls into.

Comfort Gloves Bhd 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.

Comfort Gloves Bhd'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
=	( (68.724	+	55.587)	/	2 )	/	325.883	*	365
=	62.1555					/	325.883	*	365
=	69.62

Comfort Gloves Bhd'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
=	( (56.36	+	55.587)	/	2 )	/	73.644	*	365 / 4
=	55.9735					/	73.644	*	365 / 4
=	69.36

Comfort Gloves Bhd (XKLS:2127) Days Sales Outstanding Explanation

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

Comfort Gloves Bhd Days Sales Outstanding Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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