Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Days Sales Outstanding : 173.38 (As of Dec. 2023)

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What is Qingdao Hiron Commercial Cold Chain Co Days Sales Outstanding?

Qingdao Hiron Commercial Cold Chain Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥1,342 Mil. Qingdao Hiron Commercial Cold Chain Co's Revenue for the three months ended in Dec. 2023 was ¥707 Mil. Hence, Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 173.38.

The historical rank and industry rank for Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603187' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.94 Med: 85.33 Max: 170.3
Current: 170.3

During the past 12 years, Qingdao Hiron Commercial Cold Chain Co's highest Days Sales Outstanding was 170.30. The lowest was 53.94. And the median was 85.33.

SHSE:603187's Days Sales Outstanding is ranked worse than
87.93% of 2958 companies
in the Industrial Products industry
Industry Median: 79.055 vs SHSE:603187: 170.30

Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding declined from Dec. 2022 (199.60) to Dec. 2023 (173.38).

Qingdao Hiron Commercial Cold Chain Co Days Sales Outstanding Historical Data

The historical data trend for Qingdao Hiron Commercial Cold Chain 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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Qingdao Hiron Commercial Cold Chain Co Days Sales Outstanding Chart

Qingdao Hiron Commercial Cold Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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88.21

86.97

87.71

130.63

144.87

Qingdao Hiron Commercial Cold Chain 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															199.60	143.42	143.11	318.75	173.38

Competitive Comparison of Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding

For the Business Equipment & Supplies subindustry, Qingdao Hiron Commercial Cold Chain 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.

Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qingdao Hiron Commercial Cold Chain Co's Days Sales Outstanding falls into.

Qingdao Hiron Commercial Cold Chain 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.

Qingdao Hiron Commercial Cold Chain 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
=	( (1280.567	+	1263.501)	/	2 )	/	3204.909	*	365
=	1272.034					/	3204.909	*	365
=	144.87

Qingdao Hiron Commercial Cold Chain 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
=	( (1421.344	+	1263.501)	/	2 )	/	706.533	*	365 / 4
=	1342.4225					/	706.533	*	365 / 4
=	173.38

Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Days Sales Outstanding Explanation

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

Qingdao Hiron Commercial Cold Chain Co Days Sales Outstanding Related Terms

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Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Hiron Commercial Cold Chain Co Ltd (SHSE:603187) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 1817, Yinzhushan Road, Huangdao District, Shandong, Qingdao, CHN, 266400

Website

http://www.chinahiron.com

Qingdao Hiron Commercial Cold Chain Co Ltd is engaged in research and development, production, sales and service of commercial cold chain equipment. The company has a wide range of product types, including horizontal curved door freezer display cabinets, horizontal flat door freezer display cabinets, vertical freezer display cabinets, vertical refrigerated display cabinets, horizontal flat door refrigerated display cabinets, island cabinets, and air curtains.

Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Headlines

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