WiMi Hologram Cloud (WiMi Hologram Cloud) Days Sales Outstanding : 20.78 (As of Jun. 2023)

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What is WiMi Hologram Cloud Days Sales Outstanding?

WiMi Hologram Cloud's average Accounts Receivable for the six months ended in Jun. 2023 was $4.21 Mil. WiMi Hologram Cloud's Revenue for the six months ended in Jun. 2023 was $36.97 Mil. Hence, WiMi Hologram Cloud's Days Sales Outstanding for the six months ended in Jun. 2023 was 20.78.

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

WIMI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.12 Med: 48.52 Max: 67.89
Current: 26.77

During the past 6 years, WiMi Hologram Cloud's highest Days Sales Outstanding was 67.89. The lowest was 13.12. And the median was 48.52.

WIMI's Days Sales Outstanding is ranked better than
87.78% of 1023 companies
in the Media - Diversified industry
Industry Median: 69.42 vs WIMI: 26.77

WiMi Hologram Cloud's Days Sales Outstanding increased from Jun. 2022 (16.40) to Jun. 2023 (20.78).

WiMi Hologram Cloud Days Sales Outstanding Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Days Sales Outstanding Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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67.89

47.89

49.15

37.99

13.12

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial							59.96	11.47	16.40	26.83	20.78

Competitive Comparison of WiMi Hologram Cloud's Days Sales Outstanding

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where WiMi Hologram Cloud's Days Sales Outstanding falls into.

WiMi Hologram Cloud 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.

WiMi Hologram Cloud'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
=	( (4.119	+	2.919)	/	2 )	/	97.866	*	365
=	3.519					/	97.866	*	365
=	13.12

WiMi Hologram Cloud's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (2.919	+	5.501)	/	2 )	/	36.97	*	365 / 2
=	4.21					/	36.97	*	365 / 2
=	20.78

WiMi Hologram Cloud (NAS:WIMI) Days Sales Outstanding Explanation

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

WiMi Hologram Cloud Days Sales Outstanding Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Days Sales Outstanding

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0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.