Jiangsu Keqiang New Materials Co (BJSE:873665) Days Sales Outstanding : 258.51 (As of Mar. 2024)

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What is Jiangsu Keqiang New Materials Co Days Sales Outstanding?

Jiangsu Keqiang New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥224.5 Mil. Jiangsu Keqiang New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥79.3 Mil. Hence, Jiangsu Keqiang New Materials Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 258.51.

The historical rank and industry rank for Jiangsu Keqiang New Materials Co's Days Sales Outstanding or its related term are showing as below:

BJSE:873665' s Days Sales Outstanding Range Over the Past 10 Years
Min: 155.78 Med: 200.85 Max: 228.66
Current: 218.55

During the past 7 years, Jiangsu Keqiang New Materials Co's highest Days Sales Outstanding was 228.66. The lowest was 155.78. And the median was 200.85.

BJSE:873665's Days Sales Outstanding is ranked worse than
97.25% of 1529 companies
in the Chemicals industry
Industry Median: 64.13 vs BJSE:873665: 218.55

Jiangsu Keqiang New Materials Co's Days Sales Outstanding increased from Mar. 2023 (195.06) to Mar. 2024 (258.51).

Jiangsu Keqiang New Materials Co Days Sales Outstanding Historical Data

The historical data trend for Jiangsu Keqiang New Materials 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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Jiangsu Keqiang New Materials Co Days Sales Outstanding Chart

Jiangsu Keqiang New Materials Co Annual Data

Trend

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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155.78

203.81

201.27

200.85

188.47

Jiangsu Keqiang New Materials Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial													195.06	191.17	219.78	215.97	258.51

Competitive Comparison of Jiangsu Keqiang New Materials Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Jiangsu Keqiang New Materials 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.

Jiangsu Keqiang New Materials Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Keqiang New Materials Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Jiangsu Keqiang New Materials Co's Days Sales Outstanding falls into.

Jiangsu Keqiang New Materials 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.

Jiangsu Keqiang New Materials 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
=	( (144.187	+	216.891)	/	2 )	/	349.649	*	365
=	180.539					/	349.649	*	365
=	188.47

Jiangsu Keqiang New Materials 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
=	( (216.891	+	232.207)	/	2 )	/	79.262	*	365 / 4
=	224.549					/	79.262	*	365 / 4
=	258.51

Jiangsu Keqiang New Materials Co (BJSE:873665) Days Sales Outstanding Explanation

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

Jiangsu Keqiang New Materials Co Days Sales Outstanding Related Terms

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Jiangsu Keqiang New Materials Co (BJSE:873665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Keqiang New Materials Co Ltd (BJSE:873665) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xiasheng Road, Qiaoqi Industrial Park, Jiangyin, CHN

Website

http://www.keqiangtape.com

Jiangsu Keqiang New Materials Co Ltd is a company engaged in research & development, production and sales of special high-performance rubber (cloth, plate, belt) products, providing global customers with system solutions in the fields of sealing, buffering, anti-corrosion, transmission and other fields. The main products include train windshield fabrics, silicone sheets for photovoltaic module laminators, rubber sealing parts for storage tanks, lightweight rubber conveyor belts, etc.

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