China National Gold Group Gold Jewellery Co (SHSE:600916) Days Sales Outstanding : 29.36 (As of Sep. 2023)

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What is China National Gold Group Gold Jewellery Co Days Sales Outstanding?

China National Gold Group Gold Jewellery Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥3,780 Mil. China National Gold Group Gold Jewellery Co's Revenue for the three months ended in Sep. 2023 was ¥11,746 Mil. Hence, China National Gold Group Gold Jewellery Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 29.36.

The historical rank and industry rank for China National Gold Group Gold Jewellery Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600916' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.53 Med: 8.85 Max: 18.36
Current: 18.36

During the past 7 years, China National Gold Group Gold Jewellery Co's highest Days Sales Outstanding was 18.36. The lowest was 6.53. And the median was 8.85.

SHSE:600916's Days Sales Outstanding is ranked worse than
51.39% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 17.665 vs SHSE:600916: 18.36

China National Gold Group Gold Jewellery Co's Days Sales Outstanding increased from Sep. 2022 (19.08) to Sep. 2023 (29.36).

China National Gold Group Gold Jewellery Co Days Sales Outstanding Historical Data

The historical data trend for China National Gold Group Gold Jewellery 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 National Gold Group Gold Jewellery Co Days Sales Outstanding Chart

China National Gold Group Gold Jewellery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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6.53

9.83

9.33

6.78

8.85

China National Gold Group Gold Jewellery Co Quarterly Data
	Dec16	Dec17	Dec18	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															19.08	10.78	11.79	23.37	29.36

Competitive Comparison of China National Gold Group Gold Jewellery Co's Days Sales Outstanding

For the Luxury Goods subindustry, China National Gold Group Gold Jewellery 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 National Gold Group Gold Jewellery Co's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China National Gold Group Gold Jewellery Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where China National Gold Group Gold Jewellery Co's Days Sales Outstanding falls into.

China National Gold Group Gold Jewellery 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 National Gold Group Gold Jewellery 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
=	( (1123.625	+	1161.156)	/	2 )	/	47124.267	*	365
=	1142.3905					/	47124.267	*	365
=	8.85

China National Gold Group Gold Jewellery 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
=	( (3870.421	+	3688.768)	/	2 )	/	11746.268	*	365 / 4
=	3779.5945					/	11746.268	*	365 / 4
=	29.36

China National Gold Group Gold Jewellery Co (SHSE:600916) 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 National Gold Group Gold Jewellery Co Days Sales Outstanding Related Terms

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China National Gold Group Gold Jewellery Co (SHSE:600916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China National Gold Group Gold Jewellery Co Ltd (SHSE:600916) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 2, Jingyuan North Street, Room 305, Building 49, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

https://www.chnau99999.com

China National Gold Group Gold & Jewelery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.

China National Gold Group Gold Jewellery Co (SHSE:600916) Headlines

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