Shandong Weifang Rainbow Chemical Co (SZSE:301035) Days Sales Outstanding : 166.78 (As of Mar. 2024)

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What is Shandong Weifang Rainbow Chemical Co Days Sales Outstanding?

Shandong Weifang Rainbow Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥4,922 Mil. Shandong Weifang Rainbow Chemical Co's Revenue for the three months ended in Mar. 2024 was ¥2,693 Mil. Hence, Shandong Weifang Rainbow Chemical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 166.78.

The historical rank and industry rank for Shandong Weifang Rainbow Chemical Co's Days Sales Outstanding or its related term are showing as below:

SZSE:301035' s Days Sales Outstanding Range Over the Past 10 Years
Min: 69.79 Med: 111.24 Max: 125.67
Current: 121.92

During the past 10 years, Shandong Weifang Rainbow Chemical Co's highest Days Sales Outstanding was 125.67. The lowest was 69.79. And the median was 111.24.

SZSE:301035's Days Sales Outstanding is ranked worse than
80.43% of 235 companies
in the Agriculture industry
Industry Median: 68.6 vs SZSE:301035: 121.92

Shandong Weifang Rainbow Chemical Co's Days Sales Outstanding increased from Mar. 2023 (119.77) to Mar. 2024 (166.78).

Shandong Weifang Rainbow Chemical Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Weifang Rainbow Chemical 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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Shandong Weifang Rainbow Chemical Co Days Sales Outstanding Chart

Shandong Weifang Rainbow Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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105.45

97.62

83.30

69.79

125.67

Shandong Weifang Rainbow Chemical Co Quarterly Data
	Dec18	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															119.77	96.58	97.72	136.35	166.78

Competitive Comparison of Shandong Weifang Rainbow Chemical Co's Days Sales Outstanding

For the Agricultural Inputs subindustry, Shandong Weifang Rainbow Chemical 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.

Shandong Weifang Rainbow Chemical Co's Days Sales Outstanding Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Shandong Weifang Rainbow Chemical Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Weifang Rainbow Chemical Co's Days Sales Outstanding falls into.

Shandong Weifang Rainbow Chemical 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.

Shandong Weifang Rainbow Chemical 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
=	( (3201.703	+	4707.041)	/	2 )	/	11484.793	*	365
=	3954.372					/	11484.793	*	365
=	125.67

Shandong Weifang Rainbow Chemical 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
=	( (4707.041	+	5137.7)	/	2 )	/	2693.192	*	365 / 4
=	4922.3705					/	2693.192	*	365 / 4
=	166.78

Shandong Weifang Rainbow Chemical Co (SZSE:301035) Days Sales Outstanding Explanation

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

Shandong Weifang Rainbow Chemical Co Days Sales Outstanding Related Terms

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Shandong Weifang Rainbow Chemical Co (SZSE:301035) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Shandong Weifang Rainbow Chemical Co Ltd (SZSE:301035) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 03001, Chlor-Alkali Road, Binhai Economic Development Zone, Shandong Province, Weifang, CHN, 262737

Website

https://www.rainbowagro.com

Shandong Weifang Rainbow Chemical Co Ltd is a crop protection company. It produces, distributes and markets agrochemicals.

Shandong Weifang Rainbow Chemical Co (SZSE:301035) Headlines

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