Jiangsufety Group Co (SHSE:603028) Days Sales Outstanding : 87.03 (As of Mar. 2024)

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What is Jiangsufety Group Co Days Sales Outstanding?

Jiangsufety Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥267 Mil. Jiangsufety Group Co's Revenue for the three months ended in Mar. 2024 was ¥280 Mil. Hence, Jiangsufety Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 87.03.

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

SHSE:603028' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.29 Med: 68.87 Max: 88.05
Current: 51.29

During the past 13 years, Jiangsufety Group Co's highest Days Sales Outstanding was 88.05. The lowest was 51.29. And the median was 68.87.

SHSE:603028's Days Sales Outstanding is ranked worse than
52% of 600 companies
in the Steel industry
Industry Median: 49.98 vs SHSE:603028: 51.29

Jiangsufety Group Co's Days Sales Outstanding increased from Mar. 2023 (53.73) to Mar. 2024 (87.03).

Jiangsufety Group Co Days Sales Outstanding Historical Data

The historical data trend for Jiangsufety 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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Jiangsufety Group Co Days Sales Outstanding Chart

Jiangsufety Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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60.88

57.35

64.28

88.05

51.23

Jiangsufety Group 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															53.73	32.96	58.36	75.43	87.03

Competitive Comparison of Jiangsufety Group Co's Days Sales Outstanding

For the Steel subindustry, Jiangsufety 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.

Jiangsufety Group Co's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsufety Group Co's Days Sales Outstanding distribution charts can be found below:

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

Jiangsufety 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.

Jiangsufety Group 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
=	( (200.704	+	249.976)	/	2 )	/	1605.451	*	365
=	225.34					/	1605.451	*	365
=	51.23

Jiangsufety Group 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
=	( (249.976	+	283.8)	/	2 )	/	279.831	*	365 / 4
=	266.888					/	279.831	*	365 / 4
=	87.03

Jiangsufety Group Co (SHSE:603028) Days Sales Outstanding Explanation

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

Jiangsufety Group Co Days Sales Outstanding Related Terms

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Jiangsufety Group Co (SHSE:603028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Safety Group Co Ltd (SHSE:603028) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192

Website

http://www.jf-safety.com

Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.

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