SORL Auto Parts (SORL Auto Parts) Days Sales Outstanding

: 139.16 (As of Sep. 2019)

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SORL Auto Parts's average Accounts Receivable for the three months ended in Sep. 2019 was $171.1 Mil. SORL Auto Parts's Revenue for the three months ended in Sep. 2019 was $112.2 Mil. Hence, SORL Auto Parts's Days Sales Outstanding for the three months ended in Sep. 2019 was 139.16.

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

SORL's Days Sales Outstanding is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 60.71
* Ranked among companies with meaningful Days Sales Outstanding only.

SORL Auto Parts's Days Sales Outstanding declined from Sep. 2018 (145.73) to Sep. 2019 (139.16).

SORL Auto Parts Days Sales Outstanding Historical Data

The historical data trend for SORL Auto Parts'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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SORL Auto Parts Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Sales Outstanding

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96.82

116.84

113.89

110.53

110.90

SORL Auto Parts Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Sales Outstanding	Get a 7-Day Free Trial															145.73	116.18	110.17	118.82	139.16

Competitive Comparison

For the Auto Parts subindustry, SORL Auto Parts'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.

SORL Auto Parts Days Sales Outstanding Distribution

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

* The bar in red indicates where SORL Auto Parts's Days Sales Outstanding falls into.

SORL Auto Parts 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.

SORL Auto Parts's Days Sales Outstanding for the fiscal year that ended in Dec. 2018 is calculated as

	Days Sales Outstanding (A: Dec. 2018 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )	/	Revenue (A: Dec. 2018 )	*	Days in Period
=	( (134.385	+	150.048)	/	2 )	/	468.05	*	365
=	142.2165					/	468.05	*	365
=	110.90

SORL Auto Parts's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding (Q: Sep. 2019 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2019 )	+	Accounts Receivable (A: Sep. 2019 ))	/	count )	/	Revenue (A: Sep. 2019 )	*	Days in Period
=	( (184.101	+	158.189)	/	2 )	/	112.227	*	365 / 4
=	171.145					/	112.227	*	365 / 4
=	139.16

SORL Auto Parts (NAS:SORL) Days Sales Outstanding Explanation

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

SORL Auto Parts Days Sales Outstanding Related Terms

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SORL Auto Parts (SORL Auto Parts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SORL Auto Parts Inc (NAS:SORL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 2666 KaiFaqu Avenue, Ruili Industry Area, Zhejiang Province, Ruian City, CHN, 325200

Website

http://www.sorl.cn

SORL Auto Parts Inc develops, manufactures and distributes automotive brake systems and other key safety-related auto parts to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The company is organized into two principal operating division: Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. Its key products are air brake system, tubes and fittings, ABS and diagnosis, power steering pumps, electrical and railway parts, and new energy parts. The company's products are principally used in different types of commercial vehicles, such as trucks and buses. Most of the firm's revenue gets generated through Commercial Vehicles Brake Systems segment.

Executives

Kevin R Keating

director, officer: President

190 LAKEVIEW WAY, VERO BEACH FL 32963