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China Information Technology Inc (NAS:CNIT)
Days Sales Outstanding
124.53 (As of Jun. 2016)

China Information Technology Inc's account receivable for the six months ended in Jun. 2016 was $2.02 Mil. China Information Technology Inc's revenue for the six months ended in Jun. 2016 was $2.96 Mil. Hence, China Information Technology Inc's days sales outstanding for the six months ended in Jun. 2016 was 124.53.

CNIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.71   Max: 369.71
Current: 86.02

55.71
369.71

During the past 11 years, China Information Technology Inc's highest Days Sales Outstanding was 369.71. The lowest was 55.71. And the median was 166.78.

CNIT's Days Sales Outstanding is ranked lower than
66% of the 1452 Companies
in the Global Information Technology Services industry.

( Industry Median: 67.71 vs. CNIT: 86.02 )

China Information Technology Inc's days sales outstanding declined from Jun. 2015 (984.82) to Jun. 2016 (124.53).


Definition

Days sales outstanding measures of 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 receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

China Information Technology Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=3.18/10.285*365
=112.85

China Information Technology Inc's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=2.017/2.956*365 / 2
=124.53

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

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


Related Terms

Account Receivable, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

China Information Technology Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysSalesOutstanding 55.71140.99183.95259.34220.09329.33369.71149.6164.12112.85

China Information Technology Inc Semi-Annual Data

Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15Jun16
DaysSalesOutstanding 315.92143.31281.04250.93228.58200.42143.05984.82103.58124.53
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