Zhejiang Tianhong Lithiumion Battery (BJSE:873152) Days Sales Outstanding : 100.32 (As of Mar. 2024)

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What is Zhejiang Tianhong Lithiumion Battery Days Sales Outstanding?

Zhejiang Tianhong Lithiumion Battery's average Accounts Receivable for the three months ended in Mar. 2024 was ¥102.6 Mil. Zhejiang Tianhong Lithiumion Battery's Revenue for the three months ended in Mar. 2024 was ¥93.3 Mil. Hence, Zhejiang Tianhong Lithiumion Battery's Days Sales Outstanding for the three months ended in Mar. 2024 was 100.32.

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

BJSE:873152' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.17 Med: 59.18 Max: 132.56
Current: 120.65

During the past 8 years, Zhejiang Tianhong Lithiumion Battery's highest Days Sales Outstanding was 132.56. The lowest was 36.17. And the median was 59.18.

BJSE:873152's Days Sales Outstanding is ranked worse than
76.24% of 2942 companies
in the Industrial Products industry
Industry Median: 79.805 vs BJSE:873152: 120.65

Zhejiang Tianhong Lithiumion Battery's Days Sales Outstanding declined from Mar. 2023 (202.44) to Mar. 2024 (100.32).

Zhejiang Tianhong Lithiumion Battery Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Tianhong Lithiumion Battery'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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Zhejiang Tianhong Lithiumion Battery Days Sales Outstanding Chart

Zhejiang Tianhong Lithiumion Battery Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.44

64.38

81.38

114.78

132.56

Zhejiang Tianhong Lithiumion Battery Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															202.44	166.15	103.65	114.03	100.32

Competitive Comparison of Zhejiang Tianhong Lithiumion Battery's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Zhejiang Tianhong Lithiumion Battery'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.

Zhejiang Tianhong Lithiumion Battery's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Tianhong Lithiumion Battery's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Tianhong Lithiumion Battery's Days Sales Outstanding falls into.

Zhejiang Tianhong Lithiumion Battery 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.

Zhejiang Tianhong Lithiumion Battery'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
=	( (119.517	+	89.292)	/	2 )	/	287.473	*	365
=	104.4045					/	287.473	*	365
=	132.56

Zhejiang Tianhong Lithiumion Battery's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (89.292	+	115.842)	/	2 )	/	93.295	*	365 / 4
=	102.567					/	93.295	*	365 / 4
=	100.32

Zhejiang Tianhong Lithiumion Battery (BJSE:873152) Days Sales Outstanding Explanation

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

Zhejiang Tianhong Lithiumion Battery Days Sales Outstanding Related Terms

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Zhejiang Tianhong Lithiumion Battery (BJSE:873152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tianhong Lithiumion Battery Ltd (BJSE:873152) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 318, Changcheng Road, Taihu Street, Changxing County, Zhejiang Province, Huzhou City, CHN, 313100

Website

https://www.cnthpower.com

Zhejiang Tianhong Lithiumion Battery Ltd engages in the research, development, design, assembly, and sales of lithium-ion battery modules. It mainly produces three series of lithium batteries: power type, energy storage type, and industrial lighting. Its products include E-bike batteries, Motorcycle batteries, Forklift batteries, E-scooter batteries, and Energy storage batteries.

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