Guangdong Skychem Technology Co (SHSE:688603) Days Sales Outstanding : 159.11 (As of Mar. 2024)

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What is Guangdong Skychem Technology Co Days Sales Outstanding?

Guangdong Skychem Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥139.7 Mil. Guangdong Skychem Technology Co's Revenue for the three months ended in Mar. 2024 was ¥80.1 Mil. Hence, Guangdong Skychem Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 159.11.

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

SHSE:688603' s Days Sales Outstanding Range Over the Past 10 Years
Min: 86.7 Med: 136.45 Max: 155.5
Current: 144.75

During the past 5 years, Guangdong Skychem Technology Co's highest Days Sales Outstanding was 155.50. The lowest was 86.70. And the median was 136.45.

SHSE:688603's Days Sales Outstanding is ranked worse than
92.79% of 1525 companies
in the Chemicals industry
Industry Median: 64.02 vs SHSE:688603: 144.75

Guangdong Skychem Technology Co's Days Sales Outstanding declined from Mar. 2023 (159.48) to Mar. 2024 (159.11).

Warning Sign:

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

Guangdong Skychem Technology Co Days Sales Outstanding Historical Data

The historical data trend for Guangdong Skychem 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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Guangdong Skychem Technology Co Days Sales Outstanding Chart

Guangdong Skychem Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

155.50

113.99

86.70

136.45

155.14

Guangdong Skychem Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial							159.48	139.66	145.85	144.62	159.11

Competitive Comparison of Guangdong Skychem Technology Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Guangdong Skychem 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.

Guangdong Skychem Technology Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Skychem Technology Co's Days Sales Outstanding distribution charts can be found below:

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

Guangdong Skychem 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.

Guangdong Skychem 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
=	( (139.948	+	148.162)	/	2 )	/	338.929	*	365
=	144.055					/	338.929	*	365
=	155.14

Guangdong Skychem 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
=	( (148.162	+	131.14)	/	2 )	/	80.088	*	365 / 4
=	139.651					/	80.088	*	365 / 4
=	159.11

Guangdong Skychem Technology Co (SHSE:688603) Days Sales Outstanding Explanation

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

Guangdong Skychem Technology Co Days Sales Outstanding Related Terms

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Guangdong Skychem Technology Co (SHSE:688603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Skychem Technology Co Ltd (SHSE:688603) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 280, Hualian 3rd Road, Nanshui Town, Jinwan, Guangdong, Zhuhai, CHN, 519000

Website

http://www.skychemcn.com

Guangdong Skychem Technology Co Ltd is engaged in the research & development, production and sales of special electronic chemicals required by PCB. As a substrate for assembling electronic components and chip packaging, PCB is a key electronic interconnection of electronic products.

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