CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Days Sales Outstanding : 61.60 (As of Mar. 2024)

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What is CSSC Offshore & Marine Engineering (Group) Co Days Sales Outstanding?

CSSC Offshore & Marine Engineering (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was €242 Mil. CSSC Offshore & Marine Engineering (Group) Co's Revenue for the three months ended in Mar. 2024 was €359 Mil. Hence, CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 61.60.

The historical rank and industry rank for CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding or its related term are showing as below:

FRA:GSZ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.93 Med: 33.24 Max: 56.51
Current: 35.05

During the past 13 years, CSSC Offshore & Marine Engineering (Group) Co's highest Days Sales Outstanding was 56.51. The lowest was 11.93. And the median was 33.24.

FRA:GSZ's Days Sales Outstanding is ranked better than
81% of 300 companies
in the Aerospace & Defense industry
Industry Median: 64.465 vs FRA:GSZ: 35.05

CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding increased from Mar. 2023 (45.61) to Mar. 2024 (61.60).

CSSC Offshore & Marine Engineering (Group) Co Days Sales Outstanding Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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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CSSC Offshore & Marine Engineering (Group) Co Days Sales Outstanding Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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40.97

57.28

34.45

31.01

36.51

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															45.61	27.82	43.17	29.12	61.60

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Days Sales Outstanding falls into.

CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) 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
=	( (144.619	+	270.224)	/	2 )	/	2073.589	*	365
=	207.4215					/	2073.589	*	365
=	36.51

CSSC Offshore & Marine Engineering (Group) 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
=	( (270.224	+	213.883)	/	2 )	/	358.581	*	365 / 4
=	242.0535					/	358.581	*	365 / 4
=	61.60

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Days Sales Outstanding Explanation

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

CSSC Offshore & Marine Engineering (Group) Co Days Sales Outstanding Related Terms

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CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (FRA:GSZ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong 600685:China

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Headlines

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