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China Information Technology Inc (NAS:CNIT)
Days Sales Outstanding
287.17 (As of Jun. 2015)

China Information Technology Inc's account receivable for the six months ended in Jun. 2015 was $25.26 Mil. China Information Technology Inc's revenue for the six months ended in Jun. 2015 was $16.05 Mil. Hence, China Information Technology Inc's days sales outstanding for the six months ended in Jun. 2015 was 287.17.

CNIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.71   Max: 369.71
Current: 170

55.71
369.71

During the past 10 years, China Information Technology Inc's highest Days Sales Outstanding was 369.71. The lowest was 55.71. And the median was 183.95.

CNIT's Days Sales Outstanding is ranked lower than
89% of the 1432 Companies
in the Global Information Technology Services industry.

( Industry Median: 68.31 vs. CNIT: 170.00 )

China Information Technology Inc's days sales outstanding increased from Jun. 2014 (200.42) to Jun. 2015 (287.17).


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. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=23.814/68.158*365
=127.53

China Information Technology Inc's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=25.26/16.053*365 / 2
=287.17

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysSalesOutstanding 0.0055.71140.99183.95259.34220.09329.33369.71108.89127.53

China Information Technology Inc Semi-Annual Data

Dec10Jun11Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15
DaysSalesOutstanding 171.68118.86315.92143.31281.04250.93106.68200.42113.82287.17
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