Shandong Molong Petroleum Machinery Co (HKSE:00568) Days Sales Outstanding : 75.31 (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Days Sales Outstanding?

Shandong Molong Petroleum Machinery Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$284.7 Mil. Shandong Molong Petroleum Machinery Co's Revenue for the three months ended in Dec. 2023 was HK$344.9 Mil. Hence, Shandong Molong Petroleum Machinery Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 75.31.

The historical rank and industry rank for Shandong Molong Petroleum Machinery Co's Days Sales Outstanding or its related term are showing as below:

HKSE:00568' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.26 Med: 45.11 Max: 127.98
Current: 122.75

During the past 13 years, Shandong Molong Petroleum Machinery Co's highest Days Sales Outstanding was 127.98. The lowest was 28.26. And the median was 45.11.

HKSE:00568's Days Sales Outstanding is ranked worse than
87.17% of 935 companies
in the Oil & Gas industry
Industry Median: 48.53 vs HKSE:00568: 122.75

Shandong Molong Petroleum Machinery Co's Days Sales Outstanding increased from Dec. 2022 (52.05) to Dec. 2023 (75.31).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Shandong Molong Petroleum Machinery Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Days Sales Outstanding Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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43.87

46.35

28.26

41.10

76.72

Shandong Molong Petroleum Machinery 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															68.47	81.99	144.27	75.31	-

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Days Sales Outstanding falls into.

Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery 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
=	( (328.761	+	277.016)	/	2 )	/	1441.049	*	365
=	302.8885					/	1441.049	*	365
=	76.72

Shandong Molong Petroleum Machinery Co'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
=	( (292.376	+	277.016)	/	2 )	/	344.948	*	365 / 4
=	284.696					/	344.948	*	365 / 4
=	75.31

Shandong Molong Petroleum Machinery Co (HKSE:00568) Days Sales Outstanding Explanation

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

Shandong Molong Petroleum Machinery Co Days Sales Outstanding Related Terms

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Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (HKSE:00568) » Definitions » Days Sales Outstanding

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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