Heatking Induction Technology (Shiyan) Co (BJSE:838670) Days Sales Outstanding : 139.85 (As of Mar. 2024)

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What is Heatking Induction Technology (Shiyan) Co Days Sales Outstanding?

Heatking Induction Technology (Shiyan) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥21.36 Mil. Heatking Induction Technology (Shiyan) Co's Revenue for the three months ended in Mar. 2024 was ¥13.94 Mil. Hence, Heatking Induction Technology (Shiyan) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 139.85.

The historical rank and industry rank for Heatking Induction Technology (Shiyan) Co's Days Sales Outstanding or its related term are showing as below:

BJSE:838670' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.45 Med: 74.75 Max: 167.07
Current: 103.62

During the past 10 years, Heatking Induction Technology (Shiyan) Co's highest Days Sales Outstanding was 167.07. The lowest was 39.45. And the median was 74.75.

BJSE:838670's Days Sales Outstanding is ranked worse than
67.92% of 2952 companies
in the Industrial Products industry
Industry Median: 79.815 vs BJSE:838670: 103.62

Heatking Induction Technology (Shiyan) Co's Days Sales Outstanding declined from Mar. 2023 (194.17) to Mar. 2024 (139.85).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Heatking Induction Technology (Shiyan) Co Days Sales Outstanding Historical Data

The historical data trend for Heatking Induction Technology (Shiyan) 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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Heatking Induction Technology (Shiyan) Co Days Sales Outstanding Chart

Heatking Induction Technology (Shiyan) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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67.42

40.23

39.45

53.01

129.21

Heatking Induction Technology (Shiyan) Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															194.17	132.74	111.41	72.48	139.85

Competitive Comparison of Heatking Induction Technology (Shiyan) Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Heatking Induction Technology (Shiyan) 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.

Heatking Induction Technology (Shiyan) Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heatking Induction Technology (Shiyan) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Heatking Induction Technology (Shiyan) Co's Days Sales Outstanding falls into.

Heatking Induction Technology (Shiyan) 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.

Heatking Induction Technology (Shiyan) 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
=	( (26.983	+	25.272)	/	2 )	/	73.805	*	365
=	26.1275					/	73.805	*	365
=	129.21

Heatking Induction Technology (Shiyan) 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
=	( (25.272	+	17.442)	/	2 )	/	13.935	*	365 / 4
=	21.357					/	13.935	*	365 / 4
=	139.85

Heatking Induction Technology (Shiyan) Co (BJSE:838670) Days Sales Outstanding Explanation

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

Heatking Induction Technology (Shiyan) Co Days Sales Outstanding Related Terms

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Heatking Induction Technology (Shiyan) Co (BJSE:838670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heatking Induction Technology (Shiyan) Co Ltd (BJSE:838670) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

No. 6, Pulin 1st Road, Pulin Industrial Park, Hubei Province, Shiyan City, CHN, 442000

Website

http://www.syheatking.com

Heatking Induction Technology (Shiyan) Co Ltd engages in research and development, production, sales, and technical services of medium and high-end CNC induction heat treatment complete sets of equipment and key functional components. Its products comprise induction heating, machine workpiece, automotive workpiece, wind power workpiece, Heating Industry, Military Workpiece, Standard Equipment, Heat Treatment, Cooling System, Monitoring System, Power Switch, Heating Transformer, and Heating Coils & Inductors.

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