Qingdao Taide Automobile Bearing Co (BJSE:831278) Days Sales Outstanding : 151.58 (As of Mar. 2024)

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What is Qingdao Taide Automobile Bearing Co Days Sales Outstanding?

Qingdao Taide Automobile Bearing Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥132.2 Mil. Qingdao Taide Automobile Bearing Co's Revenue for the three months ended in Mar. 2024 was ¥79.6 Mil. Hence, Qingdao Taide Automobile Bearing Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 151.58.

The historical rank and industry rank for Qingdao Taide Automobile Bearing Co's Days Sales Outstanding or its related term are showing as below:

BJSE:831278' s Days Sales Outstanding Range Over the Past 10 Years
Min: 113.65 Med: 133.86 Max: 167.31
Current: 154.28

During the past 12 years, Qingdao Taide Automobile Bearing Co's highest Days Sales Outstanding was 167.31. The lowest was 113.65. And the median was 133.86.

BJSE:831278's Days Sales Outstanding is ranked worse than
94.43% of 1275 companies
in the Vehicles & Parts industry
Industry Median: 60.34 vs BJSE:831278: 154.28

Qingdao Taide Automobile Bearing Co's Days Sales Outstanding declined from Mar. 2023 (169.18) to Mar. 2024 (151.58).

Qingdao Taide Automobile Bearing Co Days Sales Outstanding Historical Data

The historical data trend for Qingdao Taide Automobile Bearing 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 Taide Automobile Bearing Co Days Sales Outstanding Chart

Qingdao Taide Automobile Bearing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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139.93

157.10

127.78

157.52

167.31

Qingdao Taide Automobile Bearing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															169.18	159.53	153.13	154.18	151.58

Competitive Comparison of Qingdao Taide Automobile Bearing Co's Days Sales Outstanding

For the Auto Parts subindustry, Qingdao Taide Automobile Bearing 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 Taide Automobile Bearing Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Qingdao Taide Automobile Bearing Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qingdao Taide Automobile Bearing Co's Days Sales Outstanding falls into.

Qingdao Taide Automobile Bearing 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 Taide Automobile Bearing 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
=	( (116.76	+	136.054)	/	2 )	/	275.773	*	365
=	126.407					/	275.773	*	365
=	167.31

Qingdao Taide Automobile Bearing 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
=	( (136.054	+	128.314)	/	2 )	/	79.576	*	365 / 4
=	132.184					/	79.576	*	365 / 4
=	151.58

Qingdao Taide Automobile Bearing Co (BJSE:831278) 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 Taide Automobile Bearing Co Days Sales Outstanding Related Terms

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Qingdao Taide Automobile Bearing Co (BJSE:831278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Taide Automobile Bearing Co Ltd (BJSE:831278) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 10 Xinghua Road, Licang District, Shandong Province, Qingdao City, CHN, 266041

Website

http://www.qdtaide.com

Qingdao Taide Automobile Bearing Co Ltd engages in the manufacturing and sales of high-precision special bearings for automobiles. It mainly produces high-quality automotive engine gear with specially used bearings: Automobile Air-condition compressor electromagnetic clutch bearing, tension bearing and unit for automotive engine, idler bearing, and unit, automotive engine intelligence fan clutch bearing, automotive silicone oil fan clutch bearing, automotive water pump bearing, precision bearing used in automotive engine auxiliary device, mower bearing.

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