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China Automotive Systems (China Automotive Systems) Days Sales Outstanding : 95.33 (As of Dec. 2023)


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What is China Automotive Systems Days Sales Outstanding?

China Automotive Systems's average Accounts Receivable for the three months ended in Dec. 2023 was $166.3 Mil. China Automotive Systems's Revenue for the three months ended in Dec. 2023 was $159.2 Mil. Hence, China Automotive Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 95.33.

The historical rank and industry rank for China Automotive Systems's Days Sales Outstanding or its related term are showing as below:

CAAS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 101.39   Med: 131.16   Max: 140.37
Current: 101.39

During the past 13 years, China Automotive Systems's highest Days Sales Outstanding was 140.37. The lowest was 101.39. And the median was 131.16.

CAAS's Days Sales Outstanding is ranked worse than
85.57% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 60.74 vs CAAS: 101.39

China Automotive Systems's Days Sales Outstanding declined from Dec. 2022 (107.05) to Dec. 2023 (95.33).


China Automotive Systems Days Sales Outstanding Historical Data

The historical data trend for China Automotive Systems'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.

* Premium members only.

China Automotive Systems Days Sales Outstanding Chart

China Automotive Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 139.81 140.37 117.46 107.32 101.94

China Automotive Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 107.05 100.78 105.72 104.14 95.33

Competitive Comparison of China Automotive Systems's Days Sales Outstanding

For the Auto Parts subindustry, China Automotive Systems'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.


China Automotive Systems's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Systems's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Automotive Systems's Days Sales Outstanding falls into.



China Automotive Systems 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.

China Automotive Systems'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
=( (149.549 + 172.4) / 2 ) / 576.354*365
=160.9745 / 576.354*365
=101.94

China Automotive Systems'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
=( (160.169 + 172.4) / 2 ) / 159.16*365 / 4
=166.2845 / 159.16*365 / 4
=95.33

* 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.


China Automotive Systems  (NAS:CAAS) Days Sales Outstanding Explanation

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


China Automotive Systems Days Sales Outstanding Related Terms

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China Automotive Systems (China Automotive Systems) Business Description

Traded in Other Exchanges
Address
No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000
China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.
Executives
Jie Li officer: Chief Financial Officer HENGLONG BLDG., # 1 GUANSHAN 1ST ROAD, EAST LAKE HI-TECH ZONE, WUHAN F4 430073
Tong Kooi Teo director 08-05 GOODWOOD RESIDENCE, 261 BUKIT TIMAH ROAD, SINGAPORE U0 259703
Stanley Morgan other: See Remarks Below 1585 BROADWAY, NEW YORK NY 10036
Wong Arthur Lap Tat director C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Wu Qizhou director, officer: COO
Tse Yiu Wong director 4TH FL BLDG E NO 501, JEN GANG RD, SHANGHAI CHINA F4 9999999
Shengbin Yu officer: Senior Vice President HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Liping Xie other: Wife of Chairman
Haimian Cai director 3170 OTTER CREEK COURT, ANN ARBOR MI 48105
Hanlin Chen director, 10 percent owner, officer: President and CEO
Shaobo Wang officer: Senior Vice President HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Yijun Xia officer: Vice President NO. 1 HENGLONG ROAD, YUQIAO DEV. ZONE, SHASHI DISTRICT, JINGZHOU CITY, HUBEI PROVINCE F4 434000
Guangxun Xu director 17 WINDERMERE AVENUE, FINCHLEY, LONDON X0 N3 3QX
Robert Tung director 1733 LEHAVRE DR, POTOMAC MD 20854
Daming Hu officer: Chief Accountant