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Changchun High and New Technology Industry Group (SZSE:000661) Days Sales Outstanding : 88.66 (As of Mar. 2024)


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What is Changchun High and New Technology Industry Group Days Sales Outstanding?

Changchun High and New Technology Industry Group's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,087 Mil. Changchun High and New Technology Industry Group's Revenue for the three months ended in Mar. 2024 was ¥3,177 Mil. Hence, Changchun High and New Technology Industry Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 88.66.

The historical rank and industry rank for Changchun High and New Technology Industry Group's Days Sales Outstanding or its related term are showing as below:

SZSE:000661' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.11   Med: 48.28   Max: 67.8
Current: 65.59

During the past 13 years, Changchun High and New Technology Industry Group's highest Days Sales Outstanding was 67.80. The lowest was 40.11. And the median was 48.28.

SZSE:000661's Days Sales Outstanding is ranked better than
56.4% of 1000 companies
in the Drug Manufacturers industry
Industry Median: 71.68 vs SZSE:000661: 65.59

Changchun High and New Technology Industry Group's Days Sales Outstanding increased from Mar. 2023 (71.36) to Mar. 2024 (88.66).


Changchun High and New Technology Industry Group Days Sales Outstanding Historical Data

The historical data trend for Changchun High and New Technology Industry Group'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.

* Premium members only.

Changchun High and New Technology Industry Group Days Sales Outstanding Chart

Changchun High and New Technology Industry Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.11 47.87 47.14 52.29 67.80

Changchun High and New Technology Industry Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.36 59.86 51.79 70.91 88.66

Competitive Comparison of Changchun High and New Technology Industry Group's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Changchun High and New Technology Industry Group'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.


Changchun High and New Technology Industry Group's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Changchun High and New Technology Industry Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Changchun High and New Technology Industry Group's Days Sales Outstanding falls into.



Changchun High and New Technology Industry Group 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.

Changchun High and New Technology Industry Group'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
=( (2196.988 + 3214.279) / 2 ) / 14566.04*365
=2705.6335 / 14566.04*365
=67.80

Changchun High and New Technology Industry Group'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
=( (3214.279 + 2960.166) / 2 ) / 3177.355*365 / 4
=3087.2225 / 3177.355*365 / 4
=88.66

* 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.


Changchun High and New Technology Industry Group  (SZSE:000661) Days Sales Outstanding Explanation

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


Changchun High and New Technology Industry Group Days Sales Outstanding Related Terms

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Changchun High and New Technology Industry Group (SZSE:000661) Business Description

Traded in Other Exchanges
N/A
Address
Number 2400, Tongzhi Street, 5th Floor, Torch Building, Jilin Province, Changchun, CHN
Changchun High and New Technology Industry Group Inc is engaged in the production and sales of bio-pharmaceuticals and proprietary Chinese medicines, supplemented by real estate development and property management.

Changchun High and New Technology Industry Group (SZSE:000661) Headlines

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