New Energy Systems Group (New Energy Systems Group) Days Sales Outstanding : 63.09 (As of Dec. 2011)

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What is New Energy Systems Group Days Sales Outstanding?

New Energy Systems Group's average Accounts Receivable for the six months ended in Dec. 2011 was $8.90 Mil. New Energy Systems Group's Revenue for the six months ended in Dec. 2011 was $51.51 Mil. Hence, New Energy Systems Group's Days Sales Outstanding for the six months ended in Dec. 2011 was 31.54.

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

NEWN's Days Sales Outstanding is not ranked ^*
in the Hardware industry.
Industry Median: 74.79
* Ranked among companies with meaningful Days Sales Outstanding only.

New Energy Systems Group's Days Sales Outstanding declined from Dec. 2009 (118.89) to Dec. 2011 (63.09).

New Energy Systems Group Days Sales Outstanding Historical Data

The historical data trend for New Energy Systems 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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New Energy Systems Group Days Sales Outstanding Chart

New Energy Systems Group Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Days Sales Outstanding

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294.33

70.91

118.89

83.90

63.09

New Energy Systems Group Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
Days Sales Outstanding	Get a 7-Day Free Trial						294.33	70.91	118.89	83.90	63.09

Competitive Comparison of New Energy Systems Group's Days Sales Outstanding

For the Electronic Components subindustry, New Energy Systems 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.

New Energy Systems Group's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, New Energy Systems Group's Days Sales Outstanding distribution charts can be found below:

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

New Energy Systems 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.

New Energy Systems Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2011 is calculated as

	Days Sales Outstanding (A: Dec. 2011 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2010 )	+	Accounts Receivable (A: Dec. 2011 ))	/	count )	/	Revenue (A: Dec. 2011 )	*	Days in Period
=	( (11.192	+	6.615)	/	2 )	/	51.514	*	365
=	8.9035					/	51.514	*	365
=	63.09

New Energy Systems Group's Days Sales Outstanding for the quarter that ended in Dec. 2011 is calculated as:

	Days Sales Outstanding (Q: Dec. 2011 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2010 )	+	Accounts Receivable (A: Dec. 2011 ))	/	count )	/	Revenue (A: Dec. 2011 )	*	Days in Period
=	( (11.192	+	6.615)	/	2 )	/	51.514	*	365 / 2
=	8.9035					/	51.514	*	365 / 2
=	31.54

New Energy Systems Group (OTCPK:NEWN) Days Sales Outstanding Explanation

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

New Energy Systems Group Days Sales Outstanding Related Terms

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New Energy Systems Group (New Energy Systems Group) Business Description

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Address

Website

http://www.newenergysystemsgroup.com

New Energy Systems Group, formerly China Digital Communication Group was incorporated under the laws of the State of Nevada on March 27, 2001. Effective November 18, 2009; it changed its name from China Digital Communication Group to New Energy Systems Group. It operates its business through its wholly owned subsidiary E'Jenie Technology Development Co., Ltd (EJenie), a company incorporated under the laws of the Peoples Republic of China. Through E'Jenie, the Company manufactures and distributes lithium battery shells and related products primarily in China. Energy recently expanded its business lines to include battery assembly and finished battery distribution. The companys new Anytone division also offers a broad spectrum of end-user battery accessories, such as backup power systems for mobile phones, notebook computers, digital cameras, MP4s, PMPs, PDAs, solar and digital applications. The Companys end-user consumer products are sold under the Anytone brand in China, and the company has begun expanding its international sales efforts.

New Energy Systems Group (New Energy Systems Group) Headlines

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