Harbin VITI Electronic Co (SHSE:603023) Days Sales Outstanding : 97.29 (As of Mar. 2024)

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What is Harbin VITI Electronic Co Days Sales Outstanding?

Harbin VITI Electronic Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥21.89 Mil. Harbin VITI Electronic Co's Revenue for the three months ended in Mar. 2024 was ¥20.53 Mil. Hence, Harbin VITI Electronic Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 97.29.

The historical rank and industry rank for Harbin VITI Electronic Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603023' s Days Sales Outstanding Range Over the Past 10 Years
Min: 96.83 Med: 186.61 Max: 241.71
Current: 172.28

During the past 13 years, Harbin VITI Electronic Co's highest Days Sales Outstanding was 241.71. The lowest was 96.83. And the median was 186.61.

SHSE:603023's Days Sales Outstanding is ranked worse than
95.9% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 60.285 vs SHSE:603023: 172.28

Harbin VITI Electronic Co's Days Sales Outstanding declined from Mar. 2023 (329.17) to Mar. 2024 (97.29).

Harbin VITI Electronic Co Days Sales Outstanding Historical Data

The historical data trend for Harbin VITI Electronic 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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Harbin VITI Electronic Co Days Sales Outstanding Chart

Harbin VITI Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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185.46

211.64

220.35

232.32

241.71

Harbin VITI Electronic 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															329.17	186.35	177.57	243.22	97.29

Competitive Comparison of Harbin VITI Electronic Co's Days Sales Outstanding

For the Auto Parts subindustry, Harbin VITI Electronic 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.

Harbin VITI Electronic Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Harbin VITI Electronic Co's Days Sales Outstanding falls into.

Harbin VITI Electronic 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.

Harbin VITI Electronic 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
=	( (50.751	+	19.437)	/	2 )	/	52.995	*	365
=	35.094					/	52.995	*	365
=	241.71

Harbin VITI Electronic 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
=	( (19.437	+	24.349)	/	2 )	/	20.534	*	365 / 4
=	21.893					/	20.534	*	365 / 4
=	97.29

Harbin VITI Electronic Co (SHSE:603023) Days Sales Outstanding Explanation

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

Harbin VITI Electronic Co Days Sales Outstanding Related Terms

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Harbin VITI Electronic Co (SHSE:603023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harbin VITI Electronic Co Ltd (SHSE:603023) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060

Website

http://www.viti.net.cn

Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.

Harbin VITI Electronic Co (SHSE:603023) Headlines

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