Shinva Medical Instrument Co (SHSE:600587) Days Sales Outstanding : 63.28 (As of Mar. 2024)

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What is Shinva Medical Instrument Co Days Sales Outstanding?

Shinva Medical Instrument Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,753 Mil. Shinva Medical Instrument Co's Revenue for the three months ended in Mar. 2024 was ¥2,529 Mil. Hence, Shinva Medical Instrument Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.28.

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

SHSE:600587' s Days Sales Outstanding Range Over the Past 10 Years
Min: 61.93 Med: 71.39 Max: 81.1
Current: 63.71

During the past 13 years, Shinva Medical Instrument Co's highest Days Sales Outstanding was 81.10. The lowest was 61.93. And the median was 71.39.

SHSE:600587's Days Sales Outstanding is ranked better than
50.74% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 64.77 vs SHSE:600587: 63.71

Shinva Medical Instrument Co's Days Sales Outstanding declined from Mar. 2023 (64.18) to Mar. 2024 (63.28).

Shinva Medical Instrument Co Days Sales Outstanding Historical Data

The historical data trend for Shinva Medical Instrument 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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Shinva Medical Instrument Co Days Sales Outstanding Chart

Shinva Medical Instrument Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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81.10

71.66

63.12

64.43

61.93

Shinva Medical Instrument Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															64.18	61.05	72.82	58.91	63.28

Competitive Comparison of Shinva Medical Instrument Co's Days Sales Outstanding

For the Medical Devices subindustry, Shinva Medical Instrument 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.

Shinva Medical Instrument Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shinva Medical Instrument Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shinva Medical Instrument Co's Days Sales Outstanding falls into.

Shinva Medical Instrument 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.

Shinva Medical Instrument Co'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
=	( (1702.758	+	1694.832)	/	2 )	/	10011.868	*	365
=	1698.795					/	10011.868	*	365
=	61.93

Shinva Medical Instrument Co'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
=	( (1694.832	+	1811.928)	/	2 )	/	2528.539	*	365 / 4
=	1753.38					/	2528.539	*	365 / 4
=	63.28

Shinva Medical Instrument Co (SHSE:600587) Days Sales Outstanding Explanation

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

Shinva Medical Instrument Co Days Sales Outstanding Related Terms

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Shinva Medical Instrument Co (SHSE:600587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shinva Medical Instrument Co Ltd (SHSE:600587) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinhua Medical Technology Park, New and High-Technology Development Zone, Shandong, Zibo, CHN, 255086

Website

http://www.shinva.com

Shinva Medical Instrument Co Ltd manufactures medical instruments in China. Its main products include sterilizers and testing products, radiotherapy and digital diagnosis equipment, surgical instruments and pharmaceutical machinery.

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