Ningbo Jintian Copper Group Co (SHSE:601609) Days Sales Outstanding : 20.60 (As of Sep. 2023)

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What is Ningbo Jintian Copper Group Co Days Sales Outstanding?

Ningbo Jintian Copper Group Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥6,504 Mil. Ningbo Jintian Copper Group Co's Revenue for the three months ended in Sep. 2023 was ¥28,811 Mil. Hence, Ningbo Jintian Copper Group Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 20.60.

The historical rank and industry rank for Ningbo Jintian Copper Group Co's Days Sales Outstanding or its related term are showing as below:

SHSE:601609' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.75 Med: 13.29 Max: 20.57
Current: 20.57

During the past 10 years, Ningbo Jintian Copper Group Co's highest Days Sales Outstanding was 20.57. The lowest was 9.75. And the median was 13.29.

SHSE:601609's Days Sales Outstanding is ranked better than
68.99% of 790 companies
in the Metals & Mining industry
Industry Median: 42.04 vs SHSE:601609: 20.57

Ningbo Jintian Copper Group Co's Days Sales Outstanding increased from Sep. 2022 (20.14) to Sep. 2023 (20.60).

Ningbo Jintian Copper Group Co Days Sales Outstanding Historical Data

The historical data trend for Ningbo Jintian Copper Group 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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Ningbo Jintian Copper Group Co Days Sales Outstanding Chart

Ningbo Jintian Copper Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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12.86

15.81

17.74

15.29

16.97

Ningbo Jintian Copper Group 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															20.14	19.44	22.35	20.39	20.60

Competitive Comparison of Ningbo Jintian Copper Group Co's Days Sales Outstanding

For the Copper subindustry, Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group Co's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Jintian Copper Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ningbo Jintian Copper Group Co's Days Sales Outstanding falls into.

Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group 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
=	( (4208.138	+	5200.213)	/	2 )	/	101189.712	*	365
=	4704.1755					/	101189.712	*	365
=	16.97

Ningbo Jintian Copper Group 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
=	( (6551.946	+	6456.598)	/	2 )	/	28811.028	*	365 / 4
=	6504.272					/	28811.028	*	365 / 4
=	20.60

Ningbo Jintian Copper Group Co (SHSE:601609) Days Sales Outstanding Explanation

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

Ningbo Jintian Copper Group Co Days Sales Outstanding Related Terms

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Ningbo Jintian Copper Group Co (SHSE:601609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Jintian Copper Group Co Ltd (SHSE:601609) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No.1 West West Road, Cicheng Town, Zhejiang Province, Ningbo, CHN, 315034

Website

http://www.jtgroup.com.cn

Ningbo Jintian Copper Group Co Ltd is engaged in production and sales of recycled copper smelting, copper product processing, deep processing and sintered NdFeB permanent magnet materials. Its activity includes nonferrous and ferrous metal rolling, processing; manufacturing and processing of grinding wheels, wires, motors, hardware, valves, electronic components, fasteners; enameled wire, electrolytic copper, copper rods, plates, tapes, wires, tubes, magnetic materials, stainless steel products.

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