Hainan Drinda New Energy Technology Co (SZSE:002865) Days Sales Outstanding : 0.61 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Hainan Drinda New Energy Technology Co Days Sales Outstanding?

Hainan Drinda New Energy Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥25 Mil. Hainan Drinda New Energy Technology Co's Revenue for the three months ended in Mar. 2024 was ¥3,714 Mil. Hence, Hainan Drinda New Energy Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.61.

The historical rank and industry rank for Hainan Drinda New Energy Technology Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002865' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.55 Med: 76.05 Max: 117.8
Current: 1.14

During the past 13 years, Hainan Drinda New Energy Technology Co's highest Days Sales Outstanding was 117.80. The lowest was 0.55. And the median was 76.05.

SZSE:002865's Days Sales Outstanding is ranked better than
99.69% of 981 companies
in the Semiconductors industry
Industry Median: 63.03 vs SZSE:002865: 1.14

Hainan Drinda New Energy Technology Co's Days Sales Outstanding declined from Mar. 2023 (1.39) to Mar. 2024 (0.61).

Hainan Drinda New Energy Technology Co Days Sales Outstanding Historical Data

The historical data trend for Hainan Drinda New Energy 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.

* Premium members only.

Hainan Drinda New Energy Technology Co Days Sales Outstanding Chart

Hainan Drinda New Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

117.80

107.25

24.28

3.35

0.55

Hainan Drinda New Energy Technology 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															1.39	1.76	1.49	0.39	0.61

Competitive Comparison of Hainan Drinda New Energy Technology Co's Days Sales Outstanding

For the Solar subindustry, Hainan Drinda New Energy 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.

Hainan Drinda New Energy Technology Co's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hainan Drinda New Energy Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hainan Drinda New Energy Technology Co's Days Sales Outstanding falls into.

Hainan Drinda New Energy 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.

Hainan Drinda New Energy 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
=	( (46.475	+	10.024)	/	2 )	/	18656.951	*	365
=	28.2495					/	18656.951	*	365
=	0.55

Hainan Drinda New Energy 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
=	( (10.024	+	39.835)	/	2 )	/	3714.187	*	365 / 4
=	24.9295					/	3714.187	*	365 / 4
=	0.61

Hainan Drinda New Energy Technology Co (SZSE:002865) Days Sales Outstanding Explanation

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

Hainan Drinda New Energy Technology Co Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Hainan Drinda New Energy Technology Co's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Hainan Drinda New Energy Technology Co (SZSE:002865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hainan Drinda New Energy Technology Co Ltd (SZSE:002865) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No.168 Nanhai Avenue, Hainan Yuda Building, Haikou Free Trade Zone, Hainan Province, Haikou, CHN, 570216

Website

http://www.drinda.com.cn

Hainan Drinda New Energy Technology Co Ltd specializes in the production of automotive plastic parts such as automotive instrument panel assemblies, front and rear bumper assemblies, door trim panels, and pillars.

Hainan Drinda New Energy Technology Co (SZSE:002865) Headlines

No Headlines