Qianhe Condiment and Food Co (SHSE:603027) Days Sales Outstanding : 15.79 (As of Sep. 2023)

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What is Qianhe Condiment and Food Co Days Sales Outstanding?

Qianhe Condiment and Food Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥139 Mil. Qianhe Condiment and Food Co's Revenue for the three months ended in Sep. 2023 was ¥800 Mil. Hence, Qianhe Condiment and Food Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 15.79.

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

SHSE:603027' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.38 Med: 24.68 Max: 33.46
Current: 16.38

During the past 12 years, Qianhe Condiment and Food Co's highest Days Sales Outstanding was 33.46. The lowest was 16.38. And the median was 24.68.

SHSE:603027's Days Sales Outstanding is ranked better than
83.91% of 1840 companies
in the Consumer Packaged Goods industry
Industry Median: 39.1 vs SHSE:603027: 16.38

Qianhe Condiment and Food Co's Days Sales Outstanding declined from Sep. 2022 (22.21) to Sep. 2023 (15.79).

Qianhe Condiment and Food Co Days Sales Outstanding Historical Data

The historical data trend for Qianhe Condiment and Food 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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Qianhe Condiment and Food Co Days Sales Outstanding Chart

Qianhe Condiment and Food Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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25.98

33.46

31.06

25.54

25.89

Qianhe Condiment and Food Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															22.21	17.28	17.27	15.47	15.79

Competitive Comparison of Qianhe Condiment and Food Co's Days Sales Outstanding

For the Packaged Foods subindustry, Qianhe Condiment and Food 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.

Qianhe Condiment and Food Co's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Qianhe Condiment and Food Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qianhe Condiment and Food Co's Days Sales Outstanding falls into.

Qianhe Condiment and Food 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.

Qianhe Condiment and Food Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (145.413	+	200.175)	/	2 )	/	2436.472	*	365
=	172.794					/	2436.472	*	365
=	25.89

Qianhe Condiment and Food Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (131.867	+	145.229)	/	2 )	/	800.499	*	365 / 4
=	138.548					/	800.499	*	365 / 4
=	15.79

Qianhe Condiment and Food Co (SHSE:603027) Days Sales Outstanding Explanation

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

Qianhe Condiment and Food Co Days Sales Outstanding Related Terms

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Qianhe Condiment and Food Co (SHSE:603027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qianhe Condiment and Food Co Ltd (SHSE:603027) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

South China Min Hongjiadu, Dongpo District, Sichuan, Meishan, CHN

Website

http://www.qianhefood.com

Qianhe Condiment and Food Co Ltd manufacture and sells various food additives in China. It provides soy sauce, rice vinegar and wine, onion ginger and cooking wine, and other spices.

Qianhe Condiment and Food Co (SHSE:603027) Headlines

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