Guangzhou Pearl River Piano Group Co (SZSE:002678) Days Sales Outstanding : 36.95 (As of Mar. 2024)

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What is Guangzhou Pearl River Piano Group Co Days Sales Outstanding?

Guangzhou Pearl River Piano Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥86.4 Mil. Guangzhou Pearl River Piano Group Co's Revenue for the three months ended in Mar. 2024 was ¥213.3 Mil. Hence, Guangzhou Pearl River Piano Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 36.95.

The historical rank and industry rank for Guangzhou Pearl River Piano Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002678' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.68 Med: 15.78 Max: 63.52
Current: 63.52

During the past 13 years, Guangzhou Pearl River Piano Group Co's highest Days Sales Outstanding was 63.52. The lowest was 12.68. And the median was 15.78.

SZSE:002678's Days Sales Outstanding is ranked worse than
78.48% of 804 companies
in the Travel & Leisure industry
Industry Median: 29.25 vs SZSE:002678: 63.52

Guangzhou Pearl River Piano Group Co's Days Sales Outstanding increased from Mar. 2023 (32.12) to Mar. 2024 (36.95).

Guangzhou Pearl River Piano Group Co Days Sales Outstanding Historical Data

The historical data trend for Guangzhou Pearl River Piano Group 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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Guangzhou Pearl River Piano Group Co Days Sales Outstanding Chart

Guangzhou Pearl River Piano Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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14.33

15.74

12.68

13.12

15.31

Guangzhou Pearl River Piano Group 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															32.12	74.90	78.60	56.71	36.95

Competitive Comparison of Guangzhou Pearl River Piano Group Co's Days Sales Outstanding

For the Leisure subindustry, Guangzhou Pearl River Piano Group 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.

Guangzhou Pearl River Piano Group Co's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Guangzhou Pearl River Piano Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Guangzhou Pearl River Piano Group Co's Days Sales Outstanding falls into.

Guangzhou Pearl River Piano Group 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.

Guangzhou Pearl River Piano Group 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
=	( (54.449	+	40.184)	/	2 )	/	1128.018	*	365
=	47.3165					/	1128.018	*	365
=	15.31

Guangzhou Pearl River Piano Group 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
=	( (40.184	+	132.59)	/	2 )	/	213.344	*	365 / 4
=	86.387					/	213.344	*	365 / 4
=	36.95

Guangzhou Pearl River Piano Group Co (SZSE:002678) Days Sales Outstanding Explanation

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

Guangzhou Pearl River Piano Group Co Days Sales Outstanding Related Terms

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Guangzhou Pearl River Piano Group Co (SZSE:002678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Guangzhou Pearl River Piano Group Co Ltd (SZSE:002678) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Yu Wei Xi Road, South Hua Di Da Dao, Li Wan, Guangzhou, CHN, 510388

Website

http://www.pearlriverpiano.com

Guangzhou Pearl River Piano Group Co Ltd is an independent Chinese musical instrument manufacturing company. It primarily manufactures and sales pianos in China. The company also exports its products to approximately 100 countries and regions. It offers pianos under the Kayserburg, Ritmuller and Pearl River brand names.

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