Innovita Biological Technology Co (SHSE:688253) Days Sales Outstanding : 29.55 (As of Mar. 2024)

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What is Innovita Biological Technology Co Days Sales Outstanding?

Innovita Biological Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥91.2 Mil. Innovita Biological Technology Co's Revenue for the three months ended in Mar. 2024 was ¥281.6 Mil. Hence, Innovita Biological Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.55.

The historical rank and industry rank for Innovita Biological Technology Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688253' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.72 Med: 34.44 Max: 87.62
Current: 61.06

During the past 6 years, Innovita Biological Technology Co's highest Days Sales Outstanding was 87.62. The lowest was 3.72. And the median was 34.44.

SHSE:688253's Days Sales Outstanding is ranked better than
59.35% of 888 companies
in the Biotechnology industry
Industry Median: 72.34 vs SHSE:688253: 61.06

Innovita Biological Technology Co's Days Sales Outstanding declined from Mar. 2023 (84.04) to Mar. 2024 (29.55).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Innovita Biological Technology Co Days Sales Outstanding Historical Data

The historical data trend for Innovita Biological Technology 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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Innovita Biological Technology Co Days Sales Outstanding Chart

Innovita Biological Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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27.74

3.72

7.36

52.49

87.62

Innovita Biological Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial												84.04	120.44	180.48	48.12	29.55

Competitive Comparison of Innovita Biological Technology Co's Days Sales Outstanding

For the Biotechnology subindustry, Innovita Biological Technology 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.

Innovita Biological Technology Co's Days Sales Outstanding Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Innovita Biological Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Innovita Biological Technology Co's Days Sales Outstanding falls into.

Innovita Biological Technology 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.

Innovita Biological Technology 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
=	( (124.315	+	105.173)	/	2 )	/	478.018	*	365
=	114.744					/	478.018	*	365
=	87.62

Innovita Biological Technology 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
=	( (105.173	+	77.236)	/	2 )	/	281.612	*	365 / 4
=	91.2045					/	281.612	*	365 / 4
=	29.55

Innovita Biological Technology Co (SHSE:688253) Days Sales Outstanding Explanation

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

Innovita Biological Technology Co Days Sales Outstanding Related Terms

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Innovita Biological Technology Co (SHSE:688253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Innovita Biological Technology Co Ltd (SHSE:688253) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Courtyard, Haiying Road, 1st Floor, 2nd Floor, Building 6, Fengtai District, Beijing, CHN, 100071

Website

https://www.innovita.com.cn

Innovita Biological Technology Co Ltd is a biotechnology company focusing on the research and development, production and sales of POCT in vitro diagnostic products.

Innovita Biological Technology Co (SHSE:688253) Headlines

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