Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Days Sales Outstanding : 141.26 (As of Dec. 2023)

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What is Zhejiang Chang'an Renheng Technology Co Days Sales Outstanding?

Zhejiang Chang'an Renheng Technology Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$71.1 Mil. Zhejiang Chang'an Renheng Technology Co's Revenue for the three months ended in Dec. 2023 was HK$45.9 Mil. Hence, Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 141.26.

The historical rank and industry rank for Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding or its related term are showing as below:

HKSE:08139' s Days Sales Outstanding Range Over the Past 10 Years
Min: 128.44 Med: 150.74 Max: 236.73
Current: 143.11

During the past 11 years, Zhejiang Chang'an Renheng Technology Co's highest Days Sales Outstanding was 236.73. The lowest was 128.44. And the median was 150.74.

HKSE:08139's Days Sales Outstanding is ranked worse than
92.6% of 1527 companies
in the Chemicals industry
Industry Median: 63.51 vs HKSE:08139: 143.11

Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding increased from Dec. 2022 (135.21) to Dec. 2023 (141.26).

Zhejiang Chang'an Renheng Technology Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Chang'an Renheng 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.

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Zhejiang Chang'an Renheng Technology Co Days Sales Outstanding Chart

Zhejiang Chang'an Renheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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173.68

150.74

128.44

142.95

142.34

Zhejiang Chang'an Renheng Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															135.21	161.09	139.89	135.92	141.26

Competitive Comparison of Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding

For the Chemicals subindustry, Zhejiang Chang'an Renheng 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.

Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding falls into.

Zhejiang Chang'an Renheng 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.

Zhejiang Chang'an Renheng 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
=	( (67.314	+	71.121)	/	2 )	/	177.496	*	365
=	69.2175					/	177.496	*	365
=	142.34

Zhejiang Chang'an Renheng Technology Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	71.121)	/	1 )	/	45.941	*	365 / 4
=	71.121					/	45.941	*	365 / 4
=	141.26

Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Days Sales Outstanding Explanation

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

Zhejiang Chang'an Renheng Technology Co Days Sales Outstanding Related Terms

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Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Chang'an Renheng Technology Co Ltd (HKSE:08139) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Laoya Tang, Si’an Town, Zhejiang Province, Changxing, CHN

Website

http://www.renheng.com

Zhejiang Chang'an Renheng Technology Co Ltd is principally engaged in the business of development, production, and sale of bentonite fine chemicals in China. It uses bentonite as its basic raw material to manufacture paper chemicals, organic bentonite, inorganic gel, bentonite for metallurgy pellets, quality calcium-bentonite, and other products. The majority of its revenue comes from the papermaking chemicals series.

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