Kingnet Network Co (SZSE:002517) Days Sales Outstanding : 76.49 (As of Mar. 2024)

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What is Kingnet Network Co Days Sales Outstanding?

Kingnet Network Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,096 Mil. Kingnet Network Co's Revenue for the three months ended in Mar. 2024 was ¥1,308 Mil. Hence, Kingnet Network Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 76.49.

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

SZSE:002517' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.56 Med: 85.05 Max: 152.92
Current: 85.12

During the past 13 years, Kingnet Network Co's highest Days Sales Outstanding was 152.92. The lowest was 34.56. And the median was 85.05.

SZSE:002517's Days Sales Outstanding is ranked worse than
81.26% of 571 companies
in the Interactive Media industry
Industry Median: 44.79 vs SZSE:002517: 85.12

Kingnet Network Co's Days Sales Outstanding declined from Mar. 2023 (84.96) to Mar. 2024 (76.49).

Kingnet Network Co Days Sales Outstanding Historical Data

The historical data trend for Kingnet Network 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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Kingnet Network Co Days Sales Outstanding Chart

Kingnet Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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141.58

126.61

89.12

79.34

80.98

Kingnet Network 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															84.96	90.03	100.01	81.44	76.49

Competitive Comparison of Kingnet Network Co's Days Sales Outstanding

For the Electronic Gaming & Multimedia subindustry, Kingnet Network 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.

Kingnet Network Co's Days Sales Outstanding Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kingnet Network Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Kingnet Network Co's Days Sales Outstanding falls into.

Kingnet Network 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.

Kingnet Network 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
=	( (858.411	+	1047.521)	/	2 )	/	4295.39	*	365
=	952.966					/	4295.39	*	365
=	80.98

Kingnet Network 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
=	( (1047.521	+	1144.6)	/	2 )	/	1307.536	*	365 / 4
=	1096.0605					/	1307.536	*	365 / 4
=	76.49

Kingnet Network Co (SZSE:002517) Days Sales Outstanding Explanation

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

Kingnet Network Co Days Sales Outstanding Related Terms

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Kingnet Network Co (SZSE:002517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kingnet Network Co Ltd (SZSE:002517) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2388, Chenhang Highway, Building 3, Pujiang High-tech Plaza, Minhang District, Shanghai, CHN, 201114

Website

https://www.kingnet.com

Kingnet Network Co Ltd is a Chinese-based online game company. The company's main business covers research and development as well as the operation and publishing of quality entertainment content, including mobile games, web games, and PC games. It also engages in the operation of web game platforms and mobile app distribution platforms.

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