Gansu Jiu Steel Group Hongxing Iron And Steel Co (SHSE:600307) Days Sales Outstanding : 4.20 (As of Sep. 2024)

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What is Gansu Jiu Steel Group Hongxing Iron And Steel Co Days Sales Outstanding?

Gansu Jiu Steel Group Hongxing Iron And Steel Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥380 Mil. Gansu Jiu Steel Group Hongxing Iron And Steel Co's Revenue for the three months ended in Sep. 2024 was ¥8,242 Mil. Hence, Gansu Jiu Steel Group Hongxing Iron And Steel Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 4.20.

The historical rank and industry rank for Gansu Jiu Steel Group Hongxing Iron And Steel Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600307' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.35 Med: 1.66 Max: 6.8
Current: 3.4

During the past 13 years, Gansu Jiu Steel Group Hongxing Iron And Steel Co's highest Days Sales Outstanding was 6.80. The lowest was 1.35. And the median was 1.66.

SHSE:600307's Days Sales Outstanding is ranked better than
96.55% of 609 companies
in the Steel industry
Industry Median: 50.24 vs SHSE:600307: 3.40

Gansu Jiu Steel Group Hongxing Iron And Steel Co's Days Sales Outstanding increased from Sep. 2023 (2.21) to Sep. 2024 (4.20).

Gansu Jiu Steel Group Hongxing Iron And Steel Co Days Sales Outstanding Historical Data

The historical data trend for Gansu Jiu Steel Group Hongxing Iron And Steel 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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Gansu Jiu Steel Group Hongxing Iron And Steel Co Days Sales Outstanding Chart

Gansu Jiu Steel Group Hongxing Iron And Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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1.45

1.66

1.52

1.65

2.23

Gansu Jiu Steel Group Hongxing Iron And Steel 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															2.21	2.77	3.50	3.29	4.20

Competitive Comparison of Gansu Jiu Steel Group Hongxing Iron And Steel Co's Days Sales Outstanding

For the Steel subindustry, Gansu Jiu Steel Group Hongxing Iron And Steel 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.

Gansu Jiu Steel Group Hongxing Iron And Steel Co's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Gansu Jiu Steel Group Hongxing Iron And Steel Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Gansu Jiu Steel Group Hongxing Iron And Steel Co's Days Sales Outstanding falls into.

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Gansu Jiu Steel Group Hongxing Iron And Steel 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.

Gansu Jiu Steel Group Hongxing Iron And Steel 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
=	( (161.902	+	320.338)	/	2 )	/	39452.234	*	365
=	241.12					/	39452.234	*	365
=	2.23

Gansu Jiu Steel Group Hongxing Iron And Steel 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
=	( (362.472	+	396.802)	/	2 )	/	8241.634	*	365 / 4
=	379.637					/	8241.634	*	365 / 4
=	4.20

Gansu Jiu Steel Group Hongxing Iron And Steel Co (SHSE:600307) Days Sales Outstanding Explanation

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

Gansu Jiu Steel Group Hongxing Iron And Steel Co Days Sales Outstanding Related Terms

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Gansu Jiu Steel Group Hongxing Iron And Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gansu Jiu Steel Group Hongxing Iron And Steel Co Ltd (SHSE:600307) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 12 Xiongguang East Road, Gansu Province, Jiayuguan, CHN, 715300

Website

http://www.jiugang.com

Gansu Jiu Steel Group Hongxing Iron And Steel Co Ltd is a China-based company engaged in the business of production and sale of carbon steel and stainless steel production systems. The company's carbon steel products cover four major series of wires, rods, plates, and belts whereas the stainless steel products include ferrite, austenite, martensite, and duplex stainless steel. It sells the products in China and also exports it to other international countries.

Executives

Wang Jian Yuan

Supervisors

Gansu Jiu Steel Group Hongxing Iron And Steel Co Headlines

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