Angang Steel Co (Angang Steel Co) Days Sales Outstanding : 7.20 (As of Dec. 2023)

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What is Angang Steel Co Days Sales Outstanding?

Angang Steel Co's average Accounts Receivable for the three months ended in Dec. 2023 was $323 Mil. Angang Steel Co's Revenue for the three months ended in Dec. 2023 was $4,091 Mil. Hence, Angang Steel Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 7.20.

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

ANGGF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.02 Med: 8.75 Max: 10.23
Current: 9.71

During the past 13 years, Angang Steel Co's highest Days Sales Outstanding was 10.23. The lowest was 6.02. And the median was 8.75.

ANGGF's Days Sales Outstanding is ranked better than
90.17% of 600 companies
in the Steel industry
Industry Median: 49.98 vs ANGGF: 9.71

Angang Steel Co's Days Sales Outstanding declined from Dec. 2022 (8.07) to Dec. 2023 (7.20).

Angang Steel Co Days Sales Outstanding Historical Data

The historical data trend for Angang Steel 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.

* Premium members only.

Angang Steel Co Days Sales Outstanding Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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8.77

9.02

5.93

6.84

7.40

Angang Steel 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															8.07	9.86	12.61	12.14	7.20

Competitive Comparison of Angang Steel Co's Days Sales Outstanding

For the Steel subindustry, Angang Steel 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.

Angang Steel Co's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Angang Steel Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Angang Steel Co's Days Sales Outstanding falls into.

Angang Steel 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.

Angang Steel 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
=	( (407.074	+	237.108)	/	2 )	/	15896.193	*	365
=	322.091					/	15896.193	*	365
=	7.40

Angang Steel 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
=	( (408.611	+	237.108)	/	2 )	/	4091.482	*	365 / 4
=	322.8595					/	4091.482	*	365 / 4
=	7.20

Angang Steel Co (OTCPK:ANGGF) Days Sales Outstanding Explanation

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

Angang Steel Co Days Sales Outstanding Related Terms

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Angang Steel Co (Angang Steel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (OTCPK:ANGGF) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

00347:Hong Kong GNV:Germany 000898:China

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

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