Ganfeng Lithium Group Co (SZSE:002460) Days Sales Outstanding : 63.22 (As of Dec. 2023)

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What is Ganfeng Lithium Group Co Days Sales Outstanding?

Ganfeng Lithium Group Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥5,051 Mil. Ganfeng Lithium Group Co's Revenue for the three months ended in Dec. 2023 was ¥7,290 Mil. Hence, Ganfeng Lithium Group Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 63.22.

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

SZSE:002460' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.61 Med: 64.29 Max: 78.84
Current: 67.05

During the past 13 years, Ganfeng Lithium Group Co's highest Days Sales Outstanding was 78.84. The lowest was 39.61. And the median was 64.29.

SZSE:002460's Days Sales Outstanding is ranked worse than
53.31% of 1527 companies
in the Chemicals industry
Industry Median: 63.51 vs SZSE:002460: 67.05

Ganfeng Lithium Group Co's Days Sales Outstanding increased from Dec. 2022 (45.90) to Dec. 2023 (63.22).

Ganfeng Lithium Group Co Days Sales Outstanding Historical Data

The historical data trend for Ganfeng Lithium 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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Ganfeng Lithium Group Co Days Sales Outstanding Chart

Ganfeng Lithium Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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65.51

75.13

63.07

45.35

71.09

Ganfeng Lithium Group 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															45.90	71.13	64.38	64.30	63.22

Competitive Comparison of Ganfeng Lithium Group Co's Days Sales Outstanding

For the Chemicals subindustry, Ganfeng Lithium 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.

Ganfeng Lithium Group Co's Days Sales Outstanding Distribution in the Chemicals Industry

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

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

Ganfeng Lithium 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.

Ganfeng Lithium 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
=	( (7894.866	+	4948.24)	/	2 )	/	32971.68	*	365
=	6421.553					/	32971.68	*	365
=	71.09

Ganfeng Lithium Group 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
=	( (5153.35	+	4948.24)	/	2 )	/	7289.719	*	365 / 4
=	5050.795					/	7289.719	*	365 / 4
=	63.22

Ganfeng Lithium Group Co (SZSE:002460) Days Sales Outstanding Explanation

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

Ganfeng Lithium Group Co Days Sales Outstanding Related Terms

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Ganfeng Lithium Group Co (SZSE:002460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 39EA:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

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