Jiangsu Cowin Biotech Co (SHSE:688426) Days Sales Outstanding : 182.23 (As of Mar. 2024)

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What is Jiangsu Cowin Biotech Co Days Sales Outstanding?

Jiangsu Cowin Biotech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥57.5 Mil. Jiangsu Cowin Biotech Co's Revenue for the three months ended in Mar. 2024 was ¥28.8 Mil. Hence, Jiangsu Cowin Biotech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 182.23.

The historical rank and industry rank for Jiangsu Cowin Biotech Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688426' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.75 Med: 46.85 Max: 280.02
Current: 280.02

During the past 6 years, Jiangsu Cowin Biotech Co's highest Days Sales Outstanding was 280.02. The lowest was 27.75. And the median was 46.85.

SHSE:688426's Days Sales Outstanding is ranked worse than
87.16% of 888 companies
in the Biotechnology industry
Industry Median: 72.34 vs SHSE:688426: 280.02

Jiangsu Cowin Biotech Co's Days Sales Outstanding increased from Mar. 2023 (161.20) to Mar. 2024 (182.23).

Warning Sign:

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

Jiangsu Cowin Biotech Co Days Sales Outstanding Historical Data

The historical data trend for Jiangsu Cowin Biotech 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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Jiangsu Cowin Biotech Co Days Sales Outstanding Chart

Jiangsu Cowin Biotech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

42.75

27.75

33.70

57.92

197.91

Jiangsu Cowin Biotech Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											161.20	255.95	327.60	376.50	182.23

Competitive Comparison of Jiangsu Cowin Biotech Co's Days Sales Outstanding

For the Biotechnology subindustry, Jiangsu Cowin Biotech 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.

Jiangsu Cowin Biotech Co's Days Sales Outstanding Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Jiangsu Cowin Biotech Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Jiangsu Cowin Biotech Co's Days Sales Outstanding falls into.

Jiangsu Cowin Biotech 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.

Jiangsu Cowin Biotech 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
=	( (128.971	+	56.837)	/	2 )	/	171.341	*	365
=	92.904					/	171.341	*	365
=	197.91

Jiangsu Cowin Biotech 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
=	( (56.837	+	58.204)	/	2 )	/	28.803	*	365 / 4
=	57.5205					/	28.803	*	365 / 4
=	182.23

Jiangsu Cowin Biotech Co (SHSE:688426) Days Sales Outstanding Explanation

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

Jiangsu Cowin Biotech Co Days Sales Outstanding Related Terms

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Jiangsu Cowin Biotech Co (SHSE:688426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Jiangsu Cowin Biotech Co Ltd (SHSE:688426) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Yaocheng Avenue, 4th Floor, TQB Building, Jiangsu Province, Taizhou, CHN, 225300

Website

https://www.cwbio.com

Jiangsu Cowin Biotech Co Ltd is a national high-tech enterprise with independent intellectual property rights based in the field of life sciences. It provides innovative biological products and services to in vitro diagnostic users. The product line mainly includes molecular diagnostic raw materials enzymes, nucleic acid collection and protection agents, nucleic acid extraction kits, molecular diagnostic detection reagents and others.

Executives

Yin Jian Feng	Director
Zhuang Zhi Hua	Directors, senior managers

Jiangsu Cowin Biotech Co (SHSE:688426) Headlines

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