Jinko Solar Co (SHSE:688223) Days Sales Outstanding

: 68.31 (As of Sep. 2023)

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Jinko Solar Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥23,560 Mil. Jinko Solar Co's Revenue for the three months ended in Sep. 2023 was ¥31,472 Mil. Hence, Jinko Solar Co's Days Sales Outstanding for the three months ended in Sep. 2023 was 68.31.

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

SHSE:688223' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.25 Med: 111.38 Max: 177.71
Current: 59.2

During the past 13 years, Jinko Solar Co's highest Days Sales Outstanding was 177.71. The lowest was 53.25. And the median was 111.38.

SHSE:688223's Days Sales Outstanding is ranked better than
54.7% of 978 companies
in the Semiconductors industry
Industry Median: 62.495 vs SHSE:688223: 59.20

Jinko Solar Co's Days Sales Outstanding increased from Sep. 2022 (52.23) to Sep. 2023 (68.31).

Jinko Solar 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.

Jinko Solar Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2021 is calculated as

	Days Sales Outstanding (A: Dec. 2021 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )	/	Revenue (A: Dec. 2021 )	*	Days in Period
=	( (4644.049	+	7192.872)	/	2 )	/	40569.618	*	365
=	5918.4605					/	40569.618	*	365
=	53.25

Jinko Solar 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
=	( (21460.693	+	25660.056)	/	2 )	/	31472.212	*	365 / 4
=	23560.3745					/	31472.212	*	365 / 4
=	68.31

* 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.

Jinko Solar Co (SHSE:688223) Days Sales Outstanding Explanation

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

Jinko Solar Co Days Sales Outstanding Related Terms

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Jinko Solar Co (SHSE:688223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jinko Solar Co Ltd (SHSE:688223) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jinke Avenue, Economic Development Zone, Jiangxi Province, Shangrao City, CHN, 334000

Website

https://www.jinkosolar.com

Jinko Solar Co Ltd is engaged in the research and development, production and sales of solar photovoltaic modules, cells and silicon wafers.

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