Shanghai Xinnanyang Only Education Technology Co (SHSE:600661) Days Sales Outstanding : 9.10 (As of Mar. 2024)

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What is Shanghai Xinnanyang Only Education Technology Co Days Sales Outstanding?

Shanghai Xinnanyang Only Education Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥28 Mil. Shanghai Xinnanyang Only Education Technology Co's Revenue for the three months ended in Mar. 2024 was ¥279 Mil. Hence, Shanghai Xinnanyang Only Education Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 9.10.

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

SHSE:600661' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.4 Med: 13.43 Max: 21.6
Current: 7.38

During the past 13 years, Shanghai Xinnanyang Only Education Technology Co's highest Days Sales Outstanding was 21.60. The lowest was 6.40. And the median was 13.43.

SHSE:600661's Days Sales Outstanding is ranked better than
78.23% of 248 companies
in the Education industry
Industry Median: 29.4 vs SHSE:600661: 7.38

Shanghai Xinnanyang Only Education Technology Co's Days Sales Outstanding increased from Mar. 2023 (7.94) to Mar. 2024 (9.10).

Shanghai Xinnanyang Only Education Technology Co Days Sales Outstanding Historical Data

The historical data trend for Shanghai Xinnanyang Only Education 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.

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Shanghai Xinnanyang Only Education Technology Co Days Sales Outstanding Chart

Shanghai Xinnanyang Only Education Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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14.83

21.60

13.44

6.40

7.99

Shanghai Xinnanyang Only Education Technology 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															7.94	7.27	5.09	7.70	9.10

Competitive Comparison of Shanghai Xinnanyang Only Education Technology Co's Days Sales Outstanding

For the Education & Training Services subindustry, Shanghai Xinnanyang Only Education 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.

Shanghai Xinnanyang Only Education Technology Co's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Shanghai Xinnanyang Only Education Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghai Xinnanyang Only Education Technology Co's Days Sales Outstanding falls into.

Shanghai Xinnanyang Only Education 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.

Shanghai Xinnanyang Only Education 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
=	( (16.028	+	26.272)	/	2 )	/	965.733	*	365
=	21.15					/	965.733	*	365
=	7.99

Shanghai Xinnanyang Only Education Technology 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
=	( (26.272	+	29.359)	/	2 )	/	279.032	*	365 / 4
=	27.8155					/	279.032	*	365 / 4
=	9.10

Shanghai Xinnanyang Only Education Technology Co (SHSE:600661) Days Sales Outstanding Explanation

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

Shanghai Xinnanyang Only Education Technology Co Days Sales Outstanding Related Terms

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Shanghai Xinnanyang Only Education Technology Co (SHSE:600661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Shanghai Xinnanyang Only Education Technology Co Ltd (SHSE:600661) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 55 Huaihai West Road, 11th Floor, Shentong Information Plaza, Xuhui District, Shanghai, CHN, 200030

Website

http://www.xin-ny.com

Shanghai Xinnanyang Only Education Technology Co Ltd is engaged in the education services industry and the equipment manufacturing industry. It's business segments are K12 education, vocational education, international education, management training, precision manufacturing, and digital TV operation.

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