China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Days Sales Outstanding : 35.74 (As of Dec. 2023)

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What is China Northern Rare Earth (Group) High-Tech Co Days Sales Outstanding?

China Northern Rare Earth (Group) High-Tech Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥3,358 Mil. China Northern Rare Earth (Group) High-Tech Co's Revenue for the three months ended in Dec. 2023 was ¥8,574 Mil. Hence, China Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.74.

The historical rank and industry rank for China Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600111' s Days Sales Outstanding Range Over the Past 10 Years
Min: 29.55 Med: 42.79 Max: 70.89
Current: 31.04

During the past 13 years, China Northern Rare Earth (Group) High-Tech Co's highest Days Sales Outstanding was 70.89. The lowest was 29.55. And the median was 42.79.

SHSE:600111's Days Sales Outstanding is ranked better than
58.81% of 789 companies
in the Metals & Mining industry
Industry Median: 41.95 vs SHSE:600111: 31.04

China Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding increased from Dec. 2022 (22.25) to Dec. 2023 (35.74).

China Northern Rare Earth (Group) High-Tech Co Days Sales Outstanding Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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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China Northern Rare Earth (Group) High-Tech Co Days Sales Outstanding Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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32.55

44.31

43.36

29.55

31.02

China Northern Rare Earth (Group) High-Tech 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															22.25	24.57	33.57	31.20	35.74

Competitive Comparison of China Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China Northern Rare Earth (Group) High-Tech Co's Days Sales Outstanding falls into.

China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech 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
=	( (2192.386	+	3501.583)	/	2 )	/	33496.993	*	365
=	2846.9845					/	33496.993	*	365
=	31.02

China Northern Rare Earth (Group) High-Tech 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
=	( (3214.153	+	3501.583)	/	2 )	/	8573.859	*	365 / 4
=	3357.868					/	8573.859	*	365 / 4
=	35.74

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Days Sales Outstanding Explanation

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

China Northern Rare Earth (Group) High-Tech Co Days Sales Outstanding Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

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