Sound Group (Sound Group) Days Sales Outstanding : 0.51 (As of Sep. 2023)

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What is Sound Group Days Sales Outstanding?

Sound Group's average Accounts Receivable for the three months ended in Sep. 2023 was $0.3 Mil. Sound Group's Revenue for the three months ended in Sep. 2023 was $58.3 Mil. Hence, Sound Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 0.51.

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

SOGP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.47 Med: 1.42 Max: 10.2
Current: 0.47

During the past 6 years, Sound Group's highest Days Sales Outstanding was 10.20. The lowest was 0.47. And the median was 1.42.

SOGP's Days Sales Outstanding is ranked better than
99.65% of 573 companies
in the Interactive Media industry
Industry Median: 45.54 vs SOGP: 0.47

Sound Group's Days Sales Outstanding stayed the same from Sep. 2022 (0.51) to Sep. 2023 (0.51).

Sound Group Days Sales Outstanding Historical Data

The historical data trend for Sound Group'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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Sound Group Days Sales Outstanding Chart

Sound Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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4.51

1.48

1.35

1.26

0.86

Sound Group Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															0.51	0.51	0.45	0.43	0.51

Competitive Comparison of Sound Group's Days Sales Outstanding

For the Internet Content & Information subindustry, Sound Group'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.

Sound Group's Days Sales Outstanding Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Sound Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Sound Group's Days Sales Outstanding falls into.

Sound Group 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.

Sound Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (1.014	+	0.464)	/	2 )	/	313.448	*	365
=	0.739					/	313.448	*	365
=	0.86

Sound Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.34	+	0.307)	/	2 )	/	58.25	*	365 / 4
=	0.3235					/	58.25	*	365 / 4
=	0.51

Sound Group (NAS:SOGP) Days Sales Outstanding Explanation

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

Sound Group Days Sales Outstanding Related Terms

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Sound Group (Sound Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Sound Group Inc (NAS:SOGP) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

Yangcheng Creative Industry Zone, No. 309 Middle Huangpu Avenue, Tianhe District, Guangzhou, CHN, 510655

Website

https://www.lizhi.fm

Lizhi Inc is engaged in the operation of providing audio entertainment, podcast, advertising, and others in the People's Republic of China. The company aims to bring people closer together through voices through its product portfolios. It offers LIZHI App, an online UGC audio community, an interactive audio entertainment platform, and an online audio platform in China. The group's revenues comprise audio entertainment revenue, podcast, advertising, and other revenue. It derives a majority of its revenue from the People's Republic of China.