The9 (NCTY) Days Sales Outstanding : 0.17 (As of Dec. 2023)

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What is The9 Days Sales Outstanding?

The9's average Accounts Receivable for the six months ended in Dec. 2023 was $0.01 Mil. The9's Revenue for the six months ended in Dec. 2023 was $11.49 Mil. Hence, The9's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.17.

The historical rank and industry rank for The9's Days Sales Outstanding or its related term are showing as below:

NCTY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.21 Med: 43.81 Max: 379.9
Current: 0.21

During the past 13 years, The9's highest Days Sales Outstanding was 379.90. The lowest was 0.21. And the median was 43.81.

NCTY's Days Sales Outstanding is ranked better than
98.21% of 558 companies
in the Capital Markets industry
Industry Median: 62.34 vs NCTY: 0.21

The9's Days Sales Outstanding declined from Dec. 2022 (4.99) to Dec. 2023 (0.17).

The9 Days Sales Outstanding Historical Data

The historical data trend for The9'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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The9 Days Sales Outstanding Chart

The9 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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379.90

60.83

9.91

7.06

0.22

The9 Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															68.54	14.57	4.99	0.24	0.17

Competitive Comparison of The9's Days Sales Outstanding

For the Capital Markets subindustry, The9'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.

The9's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The9's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where The9's Days Sales Outstanding falls into.

The9 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.

The9'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
=	( (0.022	+	0.008)	/	2 )	/	25.076	*	365
=	0.015					/	25.076	*	365
=	0.22

The9'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.013	+	0.008)	/	2 )	/	11.485	*	365 / 2
=	0.0105					/	11.485	*	365 / 2
=	0.17

The9 (NAS:NCTY) Days Sales Outstanding Explanation

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

The9 Days Sales Outstanding Related Terms

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The9 (NCTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The9 Ltd (NAS:NCTY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FZK0:Germany

Address

17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai, CHN, 200080

Website

https://www.the9.com

The9 Ltd is engaged in developing and operating online games and related services in China. It operates and develops proprietary and licensed online games, and proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in Greater China (including PRC, Taiwan, Hong Kong, and Macau) and other areas.