Ningbonxing Medical Electric Co (SHSE:601567) Days Sales Outstanding : 68.09 (As of Mar. 2024)

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What is Ningbonxing Medical Electric Co Days Sales Outstanding?

Ningbonxing Medical Electric Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,257 Mil. Ningbonxing Medical Electric Co's Revenue for the three months ended in Mar. 2024 was ¥3,025 Mil. Hence, Ningbonxing Medical Electric Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 68.09.

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

SHSE:601567' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.59 Med: 87.85 Max: 100.1
Current: 71.3

During the past 13 years, Ningbonxing Medical Electric Co's highest Days Sales Outstanding was 100.10. The lowest was 68.59. And the median was 87.85.

SHSE:601567's Days Sales Outstanding is ranked better than
58.33% of 2959 companies
in the Industrial Products industry
Industry Median: 79.62 vs SHSE:601567: 71.30

Ningbonxing Medical Electric Co's Days Sales Outstanding declined from Mar. 2023 (84.31) to Mar. 2024 (68.09).

Ningbonxing Medical Electric Co Days Sales Outstanding Historical Data

The historical data trend for Ningbonxing Medical Electric 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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Ningbonxing Medical Electric Co Days Sales Outstanding Chart

Ningbonxing Medical Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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81.34

85.45

98.47

81.90

68.59

Ningbonxing Medical Electric 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															84.31	68.78	88.09	68.25	68.09

Competitive Comparison of Ningbonxing Medical Electric Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Ningbonxing Medical Electric 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.

Ningbonxing Medical Electric Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbonxing Medical Electric Co's Days Sales Outstanding distribution charts can be found below:

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

Ningbonxing Medical Electric 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.

Ningbonxing Medical Electric 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
=	( (2099.028	+	2209.283)	/	2 )	/	11462.508	*	365
=	2154.1555					/	11462.508	*	365
=	68.59

Ningbonxing Medical Electric 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
=	( (2209.283	+	2304.702)	/	2 )	/	3024.789	*	365 / 4
=	2256.9925					/	3024.789	*	365 / 4
=	68.09

Ningbonxing Medical Electric Co (SHSE:601567) Days Sales Outstanding Explanation

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

Ningbonxing Medical Electric Co Days Sales Outstanding Related Terms

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Ningbonxing Medical Electric Co (SHSE:601567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Sanxing Medical Electric Co Ltd (SHSE:601567) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No.17 Fenglin Road, Cicheng Tow, Jiangbei District, Ningbo, CHN, 315034

Website

http://www.sanxing.com

Ningbo Sanxing Medical Electric Co Ltd operates in the electricity measurement industry. The product portfolio of the group includes the Meter box, Smart substation, Switchgear, Power distribution automation devices and others. Geographically the firm operated through China however its business presence is also seen internationally.

Executives

Zheng Jian Jiang	Director
Guo Su	Directors, senior managers
Shen Guo Ying	Directors, senior managers
Zheng Jun Da	Supervisors
Mou Xi Lei	Directors, senior managers
Xin Ning	Director
Liang Song Luan	senior management
Fu Guo Yi	Supervisors
Li Wei Qing	Director

Ningbonxing Medical Electric Co (SHSE:601567) Headlines

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