Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Days Sales Outstanding : 1.02 (As of Mar. 2024)

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What is Shandong Hualu-hengsheng Chemical Co Days Sales Outstanding?

Shandong Hualu-hengsheng Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥89 Mil. Shandong Hualu-hengsheng Chemical Co's Revenue for the three months ended in Mar. 2024 was ¥7,978 Mil. Hence, Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 1.02.

The historical rank and industry rank for Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600426' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.64 Med: 0.81 Max: 1.3
Current: 0.81

During the past 13 years, Shandong Hualu-hengsheng Chemical Co's highest Days Sales Outstanding was 1.30. The lowest was 0.64. And the median was 0.81.

SHSE:600426's Days Sales Outstanding is ranked better than
99.67% of 1527 companies
in the Chemicals industry
Industry Median: 63.51 vs SHSE:600426: 0.81

Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding increased from Mar. 2023 (0.65) to Mar. 2024 (1.02).

Shandong Hualu-hengsheng Chemical Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Hualu-hengsheng Chemical 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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Shandong Hualu-hengsheng Chemical Co Days Sales Outstanding Chart

Shandong Hualu-hengsheng Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.74

0.80

0.68

0.69

0.64

Shandong Hualu-hengsheng Chemical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															0.65	0.64	0.66	0.67	1.02

Competitive Comparison of Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding

For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding falls into.

Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical 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
=	( (38.688	+	56.833)	/	2 )	/	27259.887	*	365
=	47.7605					/	27259.887	*	365
=	0.64

Shandong Hualu-hengsheng Chemical Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (56.833	+	121.084)	/	2 )	/	7978.041	*	365 / 4
=	88.9585					/	7978.041	*	365 / 4
=	1.02

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Days Sales Outstanding Explanation

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

Shandong Hualu-hengsheng Chemical Co Days Sales Outstanding Related Terms

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Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hualu-hengsheng Chemical Co Ltd (SHSE:600426) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024

Website

http://www.hl-hengsheng.com

Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.

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