NOVA Technology (SZSE:300921) Days Sales Outstanding : 79.23 (As of Mar. 2024)

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What is NOVA Technology Days Sales Outstanding?

NOVA Technology's average Accounts Receivable for the three months ended in Mar. 2024 was ¥148.8 Mil. NOVA Technology's Revenue for the three months ended in Mar. 2024 was ¥171.4 Mil. Hence, NOVA Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 79.23.

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

SZSE:300921' s Days Sales Outstanding Range Over the Past 10 Years
Min: 54.61 Med: 64.65 Max: 81.39
Current: 79.75

During the past 8 years, NOVA Technology's highest Days Sales Outstanding was 81.39. The lowest was 54.61. And the median was 64.65.

SZSE:300921's Days Sales Outstanding is ranked worse than
70.21% of 376 companies
in the Telecommunication Services industry
Industry Median: 56.56 vs SZSE:300921: 79.75

NOVA Technology's Days Sales Outstanding declined from Mar. 2023 (85.10) to Mar. 2024 (79.23).

NOVA Technology Days Sales Outstanding Historical Data

The historical data trend for NOVA Technology'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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NOVA Technology Days Sales Outstanding Chart

NOVA Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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63.90

66.57

65.40

81.39

80.19

NOVA Technology 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															85.10	84.52	83.19	69.55	79.23

Competitive Comparison of NOVA Technology's Days Sales Outstanding

For the Telecom Services subindustry, NOVA Technology'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.

NOVA Technology's Days Sales Outstanding Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, NOVA Technology's Days Sales Outstanding distribution charts can be found below:

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

NOVA Technology 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.

NOVA Technology'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
=	( (131.11	+	134.158)	/	2 )	/	603.71	*	365
=	132.634					/	603.71	*	365
=	80.19

NOVA Technology'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
=	( (134.158	+	163.488)	/	2 )	/	171.396	*	365 / 4
=	148.823					/	171.396	*	365 / 4
=	79.23

NOVA Technology (SZSE:300921) Days Sales Outstanding Explanation

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

NOVA Technology Days Sales Outstanding Related Terms

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NOVA Technology (SZSE:300921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » NOVA Technology Corp Ltd (SZSE:300921) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

1006 Shennan Avenue, 16th Floor, Building A, Shenzhen International Innovation Center, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.nova.net.cn

NOVA Technology Corp Ltd is a network communication services provider. It offers dedicated network communication, cloud computing and system integration services.

NOVA Technology (SZSE:300921) Headlines

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