Cosco Shipping Development Co (Cosco Shipping Development Co) Days Sales Outstanding

: 25.50 (As of Dec. 2023)

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Cosco Shipping Development Co's average Accounts Receivable for the three months ended in Dec. 2023 was $200 Mil. Cosco Shipping Development Co's Revenue for the three months ended in Dec. 2023 was $717 Mil. Hence, Cosco Shipping Development Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 25.50.

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

CITAF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.45 Med: 26.88 Max: 47.99
Current: 27.01

During the past 13 years, Cosco Shipping Development Co's highest Days Sales Outstanding was 47.99. The lowest was 13.45. And the median was 26.88.

CITAF's Days Sales Outstanding is ranked better than
87.42% of 302 companies
in the Aerospace & Defense industry
Industry Median: 63.895 vs CITAF: 27.01

Cosco Shipping Development Co's Days Sales Outstanding increased from Dec. 2022 (12.66) to Dec. 2023 (25.50).

Cosco Shipping Development Co Days Sales Outstanding Historical Data

The historical data trend for Cosco Shipping Development 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.

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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27.25

47.33

26.92

14.37

26.89

Cosco Shipping Development 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															12.66	27.71	51.44	17.73	25.50

Competitive Comparison

For the Aerospace & Defense subindustry, Cosco Shipping Development 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.

Cosco Shipping Development Co Days Sales Outstanding Distribution

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cosco Shipping Development Co's Days Sales Outstanding falls into.

Cosco Shipping Development 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.

Cosco Shipping Development 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
=	( (75.448	+	248.176)	/	2 )	/	2196.736	*	365
=	161.812					/	2196.736	*	365
=	26.89

Cosco Shipping Development 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
=	( (152.438	+	248.176)	/	2 )	/	716.846	*	365 / 4
=	200.307					/	716.846	*	365 / 4
=	25.50

Cosco Shipping Development Co (OTCPK:CITAF) Days Sales Outstanding Explanation

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

Cosco Shipping Development Co Days Sales Outstanding Related Terms

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Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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