Ningxia Western Venture Industrial Co (SZSE:000557) Days Sales Outstanding : 41.28 (As of Mar. 2024)

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What is Ningxia Western Venture Industrial Co Days Sales Outstanding?

Ningxia Western Venture Industrial Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥148 Mil. Ningxia Western Venture Industrial Co's Revenue for the three months ended in Mar. 2024 was ¥328 Mil. Hence, Ningxia Western Venture Industrial Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 41.28.

The historical rank and industry rank for Ningxia Western Venture Industrial Co's Days Sales Outstanding or its related term are showing as below:

SZSE:000557' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.96 Med: 47.85 Max: 103.34
Current: 37.93

During the past 13 years, Ningxia Western Venture Industrial Co's highest Days Sales Outstanding was 103.34. The lowest was 18.96. And the median was 47.85.

SZSE:000557's Days Sales Outstanding is ranked better than
61.31% of 964 companies
in the Transportation industry
Industry Median: 45.835 vs SZSE:000557: 37.93

Ningxia Western Venture Industrial Co's Days Sales Outstanding declined from Mar. 2023 (47.87) to Mar. 2024 (41.28).

Ningxia Western Venture Industrial Co Days Sales Outstanding Historical Data

The historical data trend for Ningxia Western Venture Industrial 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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Ningxia Western Venture Industrial Co Days Sales Outstanding Chart

Ningxia Western Venture Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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55.64

47.76

40.96

40.22

45.64

Ningxia Western Venture Industrial 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															47.87	40.21	34.46	43.43	41.28

Competitive Comparison of Ningxia Western Venture Industrial Co's Days Sales Outstanding

For the Railroads subindustry, Ningxia Western Venture Industrial 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.

Ningxia Western Venture Industrial Co's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ningxia Western Venture Industrial Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ningxia Western Venture Industrial Co's Days Sales Outstanding falls into.

Ningxia Western Venture Industrial 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.

Ningxia Western Venture Industrial 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
=	( (226.798	+	189.625)	/	2 )	/	1665.275	*	365
=	208.2115					/	1665.275	*	365
=	45.64

Ningxia Western Venture Industrial 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
=	( (189.625	+	107.245)	/	2 )	/	328.132	*	365 / 4
=	148.435					/	328.132	*	365 / 4
=	41.28

Ningxia Western Venture Industrial Co (SZSE:000557) Days Sales Outstanding Explanation

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

Ningxia Western Venture Industrial Co Days Sales Outstanding Related Terms

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Ningxia Western Venture Industrial Co (SZSE:000557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningxia Western Venture Industrial Co Ltd (SZSE:000557) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Beijing Middle Road, The First Floor of Block C, Ningxia Hui Autonomous Region, Yinchuan, CHN

Website

http://www.xbcy.nx.cn

Ningxia Western Venture Industrial Co Ltd is engaged in the business of railway transportation, warehousing and logistics, wine, and hotel catering.

Executives

Zhu Guan Hu

Director

Ningxia Western Venture Industrial Co (SZSE:000557) Headlines

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