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China Information Technology Inc  (NAS:CNIT) Days Sales Outstanding: 155.25 (As of Jun. 2017)

China Information Technology Inc's Accounts Receivable for the six months ended in Jun. 2017 was $4.88 Mil. China Information Technology Inc's Revenue for the six months ended in Jun. 2017 was $5.73 Mil. Hence, China Information Technology Inc's days sales outstanding for the six months ended in Jun. 2017 was 155.25.

NAS:CNIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.12   Max: 369.71
Current: 137.22

64.12
369.71

During the past 12 years, China Information Technology Inc's highest Days Sales Outstanding was 369.71. The lowest was 64.12. And the median was 166.78.

NAS:CNIT's Days Sales Outstanding is ranked lower than
84% of the 1588 Companies
in the Global industry.

( Industry Median: 66.91 vs. NAS:CNIT: 137.22 )

China Information Technology Inc's days sales outstanding increased from Jun. 2016 (124.53) to Jun. 2017 (155.25).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

China Information Technology Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Sales Outstanding Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 369.71 149.61 64.12 112.85 108.10

China Information Technology Inc Semi-Annual Data

Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
Days Sales Outstanding Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 984.82 103.58 124.53 76.12 155.25

Competitive Comparison
* 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.


Calculation

Days sales outstanding measures of 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.

China Information Technology Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2016 is calculated as

Days Sales Outstanding=Accounts Receivable/Revenue*Days in Period
=3.019/10.194*365
=108.10

China Information Technology Inc's Days Sales Outstanding for the quarter that ended in Jun. 2017 is calculated as:

Days Sales Outstanding=Accounts Receivable/Revenue*Days in Period
=4.876/5.732*365 / 2
=155.25

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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


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