Zhejiang Furun Digital Technology Co (SHSE:600070) Days Sales Outstanding : 3,384.29 (As of Sep. 2023)

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What is Zhejiang Furun Digital Technology Co Days Sales Outstanding?

Zhejiang Furun Digital Technology Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥647.2 Mil. Zhejiang Furun Digital Technology Co's Revenue for the three months ended in Sep. 2023 was ¥17.4 Mil. Hence, Zhejiang Furun Digital Technology Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 3,384.29.

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

SHSE:600070' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.01 Med: 102.34 Max: 1906.35
Current: 1771.26

During the past 13 years, Zhejiang Furun Digital Technology Co's highest Days Sales Outstanding was 1906.35. The lowest was 13.01. And the median was 102.34.

SHSE:600070's Days Sales Outstanding is ranked worse than
99.22% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.92 vs SHSE:600070: 1771.26

Zhejiang Furun Digital Technology Co's Days Sales Outstanding increased from Sep. 2022 (1,700.76) to Sep. 2023 (3,384.29).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Zhejiang Furun Digital Technology Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Furun Digital 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 Furun Digital Technology Co Days Sales Outstanding Chart

Zhejiang Furun Digital Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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99.51

113.42

152.58

373.20

1,906.35

Zhejiang Furun Digital Technology Co Quarterly Data
	Dec18	Mar19	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															1,700.76	1,307.07	1,818.61	1,689.26	3,384.29

Competitive Comparison of Zhejiang Furun Digital Technology Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Zhejiang Furun Digital 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 Furun Digital Technology Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Furun Digital Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Furun Digital Technology Co's Days Sales Outstanding falls into.

Zhejiang Furun Digital 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 Furun Digital Technology Co'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
=	( (1230.832	+	802.763)	/	2 )	/	194.682	*	365
=	1016.7975					/	194.682	*	365
=	1,906.35

Zhejiang Furun Digital Technology Co'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
=	( (691.591	+	602.711)	/	2 )	/	17.449	*	365 / 4
=	647.151					/	17.449	*	365 / 4
=	3,384.29

Zhejiang Furun Digital Technology Co (SHSE:600070) 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 Furun Digital Technology Co Days Sales Outstanding Related Terms

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Zhejiang Furun Digital Technology Co (SHSE:600070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Furun Digital Technology Co Ltd (SHSE:600070) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 12 Taozhu South Road, Zhuji, Zhejiang, CHN, 311800

Website

http://www.furun.net

Zhejiang Furun Digital Technology Co Ltd, formerly Zhejiang Furun Co Ltd is a China-based company engaged in the textiles business. It offers silk and wool; textile, decorative, and knitted fabrics; and knitted and woven garments. It is also involved in the silk spinning, printing, and dyeing; steel pipe processing and production; and commerce businesses. In addition, the company engages in the development and application of the Internet and big data.

Zhejiang Furun Digital Technology Co (SHSE:600070) Headlines

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