Shenzhen Minew Technologies Co (BJSE:872374) Days Sales Outstanding : 14.73 (As of Mar. 2024)

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What is Shenzhen Minew Technologies Co Days Sales Outstanding?

Shenzhen Minew Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥9.4 Mil. Shenzhen Minew Technologies Co's Revenue for the three months ended in Mar. 2024 was ¥57.9 Mil. Hence, Shenzhen Minew Technologies Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 14.73.

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

BJSE:872374' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.86 Med: 11.39 Max: 58.35
Current: 15.8

During the past 9 years, Shenzhen Minew Technologies Co's highest Days Sales Outstanding was 58.35. The lowest was 4.86. And the median was 11.39.

BJSE:872374's Days Sales Outstanding is ranked better than
97.48% of 2461 companies
in the Hardware industry
Industry Median: 74.05 vs BJSE:872374: 15.80

Shenzhen Minew Technologies Co's Days Sales Outstanding increased from Mar. 2023 (14.09) to Mar. 2024 (14.73).

Shenzhen Minew Technologies Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Minew Technologies 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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Shenzhen Minew Technologies Co Days Sales Outstanding Chart

Shenzhen Minew Technologies Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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7.43

14.43

11.25

13.43

10.53

Shenzhen Minew Technologies Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															14.09	14.98	17.05	15.04	14.73

Competitive Comparison of Shenzhen Minew Technologies Co's Days Sales Outstanding

For the Electronic Components subindustry, Shenzhen Minew Technologies 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.

Shenzhen Minew Technologies Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Minew Technologies Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shenzhen Minew Technologies Co's Days Sales Outstanding falls into.

Shenzhen Minew Technologies 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.

Shenzhen Minew Technologies 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
=	( (5.737	+	5.141)	/	2 )	/	188.603	*	365
=	5.439					/	188.603	*	365
=	10.53

Shenzhen Minew Technologies 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
=	( (5.141	+	13.566)	/	2 )	/	57.931	*	365 / 4
=	9.3535					/	57.931	*	365 / 4
=	14.73

Shenzhen Minew Technologies Co (BJSE:872374) Days Sales Outstanding Explanation

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

Shenzhen Minew Technologies Co Days Sales Outstanding Related Terms

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Shenzhen Minew Technologies Co (BJSE:872374) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Minew Technologies Co Ltd (BJSE:872374) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

Heping East Road, Longhua Street, 3rd Floor, Building I, Gangzhilong Science and Technology Park, Longhua District, Guangdong Province, Shenzhen City, CHN, 518109

Website

https://www.minewtech.com

Shenzhen Minew Technologies Co Ltd engages in research, development, production, and sales of intelligent hardware products such as Bluetooth sensors, IoT modules, and IoT gateways, as well as electronic label products equipped with IoT cloud platform systems.

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