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Tonghua Grape Wine Co (SHSE:600365) Days Sales Outstanding : 48.37 (As of Mar. 2024)


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What is Tonghua Grape Wine Co Days Sales Outstanding?

Tonghua Grape Wine Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥129.7 Mil. Tonghua Grape Wine Co's Revenue for the three months ended in Mar. 2024 was ¥244.7 Mil. Hence, Tonghua Grape Wine Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 48.37.

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

SHSE:600365' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.73   Med: 48.22   Max: 187.54
Current: 52.58

During the past 13 years, Tonghua Grape Wine Co's highest Days Sales Outstanding was 187.54. The lowest was 26.73. And the median was 48.22.

SHSE:600365's Days Sales Outstanding is ranked worse than
60.38% of 212 companies
in the Beverages - Alcoholic industry
Industry Median: 42.185 vs SHSE:600365: 52.58

Tonghua Grape Wine Co's Days Sales Outstanding declined from Mar. 2023 (63.35) to Mar. 2024 (48.37).


Tonghua Grape Wine Co Days Sales Outstanding Historical Data

The historical data trend for Tonghua Grape Wine 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.

Tonghua Grape Wine Co Days Sales Outstanding Chart

Tonghua Grape Wine 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 50.52 43.46 50.70 74.93 76.96

Tonghua Grape Wine 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 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 63.35 61.93 72.54 44.54 48.37

Competitive Comparison of Tonghua Grape Wine Co's Days Sales Outstanding

For the Beverages - Wineries & Distilleries subindustry, Tonghua Grape Wine 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.


Tonghua Grape Wine Co's Days Sales Outstanding Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tonghua Grape Wine Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tonghua Grape Wine Co's Days Sales Outstanding falls into.



Tonghua Grape Wine 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.

Tonghua Grape Wine 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
=( (209.431 + 152.81) / 2 ) / 858.963*365
=181.1205 / 858.963*365
=76.96

Tonghua Grape Wine 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
=( (152.81 + 106.58) / 2 ) / 244.655*365 / 4
=129.695 / 244.655*365 / 4
=48.37

* 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.


Tonghua Grape Wine Co  (SHSE:600365) Days Sales Outstanding Explanation

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


Tonghua Grape Wine Co Days Sales Outstanding Related Terms

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Tonghua Grape Wine Co (SHSE:600365) Business Description

Traded in Other Exchanges
N/A
Address
No. 28 Qianxing Road, Jilin Province, Tonghua, CHN, 134002
Tonghua Grape Wine Co Ltd is engaged in the manufacture of wine and refined tea in China.
Executives
Yin Bing Director

Tonghua Grape Wine Co (SHSE:600365) Headlines

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