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Veken Technology Co (SHSE:600152) Days Sales Outstanding : 60.20 (As of Sep. 2024)


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What is Veken Technology Co Days Sales Outstanding?

Veken Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥276 Mil. Veken Technology Co's Revenue for the three months ended in Sep. 2024 was ¥418 Mil. Hence, Veken Technology Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 60.20.

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

SHSE:600152' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.18   Med: 91.42   Max: 109.17
Current: 69.64

During the past 13 years, Veken Technology Co's highest Days Sales Outstanding was 109.17. The lowest was 34.18. And the median was 91.42.

SHSE:600152's Days Sales Outstanding is ranked better than
55.4% of 2435 companies
in the Hardware industry
Industry Median: 74.72 vs SHSE:600152: 69.64

Veken Technology Co's Days Sales Outstanding declined from Sep. 2023 (74.70) to Sep. 2024 (60.20).


Veken Technology Co Days Sales Outstanding Historical Data

The historical data trend for Veken Technology 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.

* Premium members only.

Veken Technology Co Days Sales Outstanding Chart

Veken Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.31 109.17 100.45 79.36 88.92

Veken Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.70 67.25 78.25 64.86 60.20

Competitive Comparison of Veken Technology Co's Days Sales Outstanding

For the Electronic Components subindustry, Veken Technology 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.


Veken Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Veken Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Veken Technology Co's Days Sales Outstanding falls into.



Veken Technology 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.

Veken Technology 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
=( (469.545 + 345.165) / 2 ) / 1672.169*365
=407.355 / 1672.169*365
=88.92

Veken Technology Co'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
=( (245.048 + 307.065) / 2 ) / 418.411*365 / 4
=276.0565 / 418.411*365 / 4
=60.20

* 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.


Veken Technology Co  (SHSE:600152) Days Sales Outstanding Explanation

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


Veken Technology Co Days Sales Outstanding Related Terms

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Veken Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 225, Liuting Street, 20th Floor, Yuehu Jinhui Building, Haishu District, Zhejiang, Ningbo, CHN, 315010
Veken Technology Co Ltd is engaged in the manufacturing and sales of lithium-ion batteries. Its products portfolio includes 3C Digital battery and Power battery. The company products cover ares such as passenger car, special vehicle, household appliances, and energy storage batteries. It is also used in smartphones, tablets, notebook, and computers.
Executives
Chen Liang Qin Director
Yang Dong Wen Director
He Cheng Ming Director

Veken Technology Co Headlines

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