CCG (Cheche Group) Days Sales Outstanding : 73.51 (As of Sep. 2024)

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What is Cheche Group Days Sales Outstanding?

Cheche Group's average Accounts Receivable for the three months ended in Sep. 2024 was $96.8 Mil. Cheche Group's Revenue for the three months ended in Sep. 2024 was $120.2 Mil. Hence, Cheche Group's Days Sales Outstanding for the three months ended in Sep. 2024 was 73.51.

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

CCG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.5 Med: 48.67 Max: 60.33
Current: 60.33

During the past 3 years, Cheche Group's highest Days Sales Outstanding was 60.33. The lowest was 48.50. And the median was 48.67.

CCG's Days Sales Outstanding is ranked worse than
69.5% of 564 companies
in the Interactive Media industry
Industry Median: 45.545 vs CCG: 60.33

Cheche Group's Days Sales Outstanding increased from Sep. 2023 (49.40) to Sep. 2024 (73.51).

Cheche Group Days Sales Outstanding Historical Data

The historical data trend for Cheche Group'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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Cheche Group Days Sales Outstanding Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

60.10

48.67

48.50

Cheche Group Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial							49.40	47.43	55.28	60.33	73.51

Competitive Comparison of Cheche Group's Days Sales Outstanding

For the Internet Content & Information subindustry, Cheche Group'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.

Cheche Group's Days Sales Outstanding Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cheche Group's Days Sales Outstanding distribution charts can be found below:

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

Cheche Group 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.

Cheche Group'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
=	( (57.614	+	65.274)	/	2 )	/	462.371	*	365
=	61.444					/	462.371	*	365
=	48.50

Cheche Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (88.113	+	105.55)	/	2 )	/	120.197	*	365 / 4
=	96.8315					/	120.197	*	365 / 4
=	73.51

Cheche Group (NAS:CCG) Days Sales Outstanding Explanation

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

Cheche Group Days Sales Outstanding Related Terms

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Cheche Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.