Lihuayi Weiyuan Chemical Co (SHSE:600955) Days Sales Outstanding : 2.13 (As of Mar. 2024)

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What is Lihuayi Weiyuan Chemical Co Days Sales Outstanding?

Lihuayi Weiyuan Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥50 Mil. Lihuayi Weiyuan Chemical Co's Revenue for the three months ended in Mar. 2024 was ¥2,140 Mil. Hence, Lihuayi Weiyuan Chemical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 2.13.

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

SHSE:600955' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.74
Current: 0.74

During the past 7 years, Lihuayi Weiyuan Chemical Co's highest Days Sales Outstanding was 0.74. The lowest was 0.01. And the median was 0.22.

SHSE:600955's Days Sales Outstanding is ranked better than
99.74% of 1522 companies
in the Chemicals industry
Industry Median: 63.96 vs SHSE:600955: 0.74

Lihuayi Weiyuan Chemical Co's Days Sales Outstanding increased from Mar. 2023 (0.34) to Mar. 2024 (2.13).

Lihuayi Weiyuan Chemical Co Days Sales Outstanding Historical Data

The historical data trend for Lihuayi Weiyuan Chemical 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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Lihuayi Weiyuan Chemical Co Days Sales Outstanding Chart

Lihuayi Weiyuan Chemical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

0.01

0.42

0.40

0.52

Lihuayi Weiyuan Chemical Co Quarterly Data
	Dec17	Dec18	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														0.34	0.31	0.11	0.03	2.13

Competitive Comparison of Lihuayi Weiyuan Chemical Co's Days Sales Outstanding

For the Chemicals subindustry, Lihuayi Weiyuan Chemical 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.

Lihuayi Weiyuan Chemical Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lihuayi Weiyuan Chemical Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Lihuayi Weiyuan Chemical Co's Days Sales Outstanding falls into.

Lihuayi Weiyuan Chemical 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.

Lihuayi Weiyuan Chemical 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
=	( (0	+	0)	/	1 )	/	7050.169	*	365
=	0					/	7050.169	*	365
=	0.00

Lihuayi Weiyuan Chemical 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
=	( (0	+	50)	/	1 )	/	2139.809	*	365 / 4
=	50					/	2139.809	*	365 / 4
=	2.13

Lihuayi Weiyuan Chemical Co (SHSE:600955) Days Sales Outstanding Explanation

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

Lihuayi Weiyuan Chemical Co Days Sales Outstanding Related Terms

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Lihuayi Weiyuan Chemical Co (SHSE:600955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lihuayi Weiyuan Chemical Co Ltd (SHSE:600955) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 208, Lishi Road, Lijin County, Shandong Province, Dongying, CHN, 257400

Website

http://www.wyhx.net.cn

Lihuayi Weiyuan Chemical Co Ltd is engaged in the research and development, production and sales of new organic chemistry materials mainly include phenol, acetone, bisphenol A, polycarbonate and isopropanol.

Lihuayi Weiyuan Chemical Co (SHSE:600955) Headlines

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