Cinda Real Estate Co (SHSE:600657) Days Sales Outstanding : 22.03 (As of Dec. 2023)

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What is Cinda Real Estate Co Days Sales Outstanding?

Cinda Real Estate Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥1,810 Mil. Cinda Real Estate Co's Revenue for the three months ended in Dec. 2023 was ¥7,494 Mil. Hence, Cinda Real Estate Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 22.03.

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

SHSE:600657' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.57 Med: 15.3 Max: 62.09
Current: 59.44

During the past 13 years, Cinda Real Estate Co's highest Days Sales Outstanding was 62.09. The lowest was 5.57. And the median was 15.30.

SHSE:600657's Days Sales Outstanding is ranked worse than
63.31% of 1668 companies
in the Real Estate industry
Industry Median: 36.41 vs SHSE:600657: 59.44

Cinda Real Estate Co's Days Sales Outstanding declined from Dec. 2022 (23.96) to Dec. 2023 (22.03).

Warning Sign:

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

Cinda Real Estate Co Days Sales Outstanding Historical Data

The historical data trend for Cinda Real Estate 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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Cinda Real Estate Co Days Sales Outstanding Chart

Cinda Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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5.57

8.61

15.68

29.90

62.09

Cinda Real Estate 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															23.96	139.72	101.79	159.97	22.03

Competitive Comparison of Cinda Real Estate Co's Days Sales Outstanding

For the Real Estate Services subindustry, Cinda Real Estate 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.

Cinda Real Estate Co's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cinda Real Estate Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cinda Real Estate Co's Days Sales Outstanding falls into.

Cinda Real Estate 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.

Cinda Real Estate 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
=	( (2001.282	+	1884.126)	/	2 )	/	11420.073	*	365
=	1942.704					/	11420.073	*	365
=	62.09

Cinda Real Estate 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
=	( (1734.936	+	1884.126)	/	2 )	/	7493.923	*	365 / 4
=	1809.531					/	7493.923	*	365 / 4
=	22.03

Cinda Real Estate Co (SHSE:600657) Days Sales Outstanding Explanation

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

Cinda Real Estate Co Days Sales Outstanding Related Terms

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Cinda Real Estate Co (SHSE:600657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cinda Real Estate Co Ltd (SHSE:600657) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Jia 18 Zhong Guan Cun South Street, International Block C, 16F, Haidian District, Beijing, Beijing, CHN, 100871

Website

http://www.cindare.com

Cinda Real Estate Co Ltd is a real estate company. It is engaged in real estate development and commercial housing distribution, as well as property management and leasing in China. The company includes more than ten real estate development and investment enterprises with first-class development qualifications.

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