Kandi Technologies Group (FRA:K40) Days Sales Outstanding : 57.37 (As of Dec. 2023)

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What is Kandi Technologies Group Days Sales Outstanding?

Kandi Technologies Group's average Accounts Receivable for the three months ended in Dec. 2023 was €16.4 Mil. Kandi Technologies Group's Revenue for the three months ended in Dec. 2023 was €26.0 Mil. Hence, Kandi Technologies Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 57.37.

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

FRA:K40' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.67 Med: 115.02 Max: 236.61
Current: 73.75

During the past 13 years, Kandi Technologies Group's highest Days Sales Outstanding was 236.61. The lowest was 21.67. And the median was 115.02.

FRA:K40's Days Sales Outstanding is ranked worse than
66.25% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 60.2 vs FRA:K40: 73.75

Kandi Technologies Group's Days Sales Outstanding declined from Dec. 2022 (96.21) to Dec. 2023 (57.37).

Kandi Technologies Group Days Sales Outstanding Historical Data

The historical data trend for Kandi Technologies 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.

* Premium members only.

Kandi Technologies Group Days Sales Outstanding Chart

Kandi Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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127.26

250.39

176.94

135.92

85.97

Kandi Technologies Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															96.21	133.38	65.67	49.03	57.37

Competitive Comparison of Kandi Technologies Group's Days Sales Outstanding

For the Auto Parts subindustry, Kandi Technologies 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.

Kandi Technologies Group's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kandi Technologies Group's Days Sales Outstanding distribution charts can be found below:

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

Kandi Technologies 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.

Kandi Technologies 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
=	( (36.015	+	17.379)	/	2 )	/	113.34	*	365
=	26.697					/	113.34	*	365
=	85.97

Kandi Technologies Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (15.321	+	17.379)	/	2 )	/	26.004	*	365 / 4
=	16.35					/	26.004	*	365 / 4
=	57.37

Kandi Technologies Group (FRA:K40) Days Sales Outstanding Explanation

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

Kandi Technologies Group Days Sales Outstanding Related Terms

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Kandi Technologies Group (FRA:K40) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kandi Technologies Group Inc (FRA:K40) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

KNDI:USA K8A:Germany

Address

Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.kandivehicle.com

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas.

Kandi Technologies Group (FRA:K40) Headlines

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