Zhongmin Energy Co (SHSE:600163) Days Sales Outstanding

: 755.40 (As of Sep. 2023)

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Zhongmin Energy Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥2,268 Mil. Zhongmin Energy Co's Revenue for the three months ended in Sep. 2023 was ¥274 Mil. Hence, Zhongmin Energy Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 755.40.

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

SHSE:600163' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.41 Med: 222.52 Max: 462.51
Current: 462.51

During the past 13 years, Zhongmin Energy Co's highest Days Sales Outstanding was 462.51. The lowest was 40.41. And the median was 222.52.

SHSE:600163's Days Sales Outstanding is ranked worse than
94.31% of 404 companies
in the Utilities - Independent Power Producers industry
Industry Median: 64.475 vs SHSE:600163: 462.51

Zhongmin Energy Co's Days Sales Outstanding declined from Sep. 2022 (756.03) to Sep. 2023 (755.40).

Zhongmin Energy Co Days Sales Outstanding Historical Data

The historical data trend for Zhongmin Energy 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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Zhongmin Energy Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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264.28

263.56

250.12

325.93

377.04

Zhongmin Energy 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															756.03	308.66	345.97	738.71	755.40

Competitive Comparison

For the Utilities - Renewable subindustry, Zhongmin Energy 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.

Zhongmin Energy Co Days Sales Outstanding Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Zhongmin Energy Co's Days Sales Outstanding distribution charts can be found below:

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

Zhongmin Energy 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.

Zhongmin Energy 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
=	( (1699.614	+	2000.377)	/	2 )	/	1790.93	*	365
=	1849.9955					/	1790.93	*	365
=	377.04

Zhongmin Energy 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
=	( (2281.372	+	2255.499)	/	2 )	/	274.02	*	365 / 4
=	2268.4355					/	274.02	*	365 / 4
=	755.40

Zhongmin Energy Co (SHSE:600163) Days Sales Outstanding Explanation

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

Zhongmin Energy Co Days Sales Outstanding Related Terms

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Zhongmin Energy Co (SHSE:600163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhongmin Energy Co Ltd (SHSE:600163) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 210, Wusi Road, 22nd Floor, International Building, Fujian Province, Fuzhou, CHN, 3500003

Website

http://www.zhongminenergy.com

Zhongmin Energy Co Ltd focuses on the development and construction of power generation projects in China. The company's business scope comprises of wind power generation, investment in the energy industry, power production, electrical installation, engineering consulting, construction materials, sales of mechanical and electrical equipment, machinery and equipment rental. It is mainly focused on the development and construction of wind, solar and other clean energy sources.

Zhongmin Energy Co (SHSE:600163) Headlines

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