Shanghainmao Enterprise (Group) Co (SHSE:600689) Days Sales Outstanding : 51.12 (As of Mar. 2024)

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What is Shanghainmao Enterprise (Group) Co Days Sales Outstanding?

Shanghainmao Enterprise (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥136 Mil. Shanghainmao Enterprise (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥244 Mil. Hence, Shanghainmao Enterprise (Group) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.12.

The historical rank and industry rank for Shanghainmao Enterprise (Group) Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600689' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.69 Med: 15.87 Max: 47.2
Current: 41.21

During the past 13 years, Shanghainmao Enterprise (Group) Co's highest Days Sales Outstanding was 47.20. The lowest was 7.69. And the median was 15.87.

SHSE:600689's Days Sales Outstanding is ranked better than
63.92% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.78 vs SHSE:600689: 41.21

Shanghainmao Enterprise (Group) Co's Days Sales Outstanding increased from Mar. 2023 (37.37) to Mar. 2024 (51.12).

Shanghainmao Enterprise (Group) Co Days Sales Outstanding Historical Data

The historical data trend for Shanghainmao Enterprise (Group) 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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Shanghainmao Enterprise (Group) Co Days Sales Outstanding Chart

Shanghainmao Enterprise (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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15.75

26.49

43.97

47.20

43.82

Shanghainmao Enterprise (Group) 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															37.37	40.20	34.92	39.21	51.12

Competitive Comparison of Shanghainmao Enterprise (Group) Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Shanghainmao Enterprise (Group) 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.

Shanghainmao Enterprise (Group) Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanghainmao Enterprise (Group) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghainmao Enterprise (Group) Co's Days Sales Outstanding falls into.

Shanghainmao Enterprise (Group) 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.

Shanghainmao Enterprise (Group) 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
=	( (124.807	+	137.818)	/	2 )	/	1093.82	*	365
=	131.3125					/	1093.82	*	365
=	43.82

Shanghainmao Enterprise (Group) 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
=	( (137.818	+	135.172)	/	2 )	/	243.658	*	365 / 4
=	136.495					/	243.658	*	365 / 4
=	51.12

Shanghainmao Enterprise (Group) Co (SHSE:600689) Days Sales Outstanding Explanation

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

Shanghainmao Enterprise (Group) Co Days Sales Outstanding Related Terms

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Shanghainmao Enterprise (Group) Co (SHSE:600689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Sanmao Enterprise (Group) Co Ltd (SHSE:600689) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

900922:China

Address

No. 51, Lane 200, Xiasha New Street, Pudong New Area, Hangtou Town, Shanghai, CHN

Website

http://www.600689.com

Shanghai Sanmao Enterprise (Group) Co Ltd is in the businesses of importing and exporting of woolen textile products. Further, it is also involved real estate investment, modern estate management, development and management of real estate, sale of wool textile and related products and services. Geographically the activities are carried out through China.

Executives

Zhang Li Fang	senior management
Wang Jian Hua	Director
Zhang Ping	Director

Shanghainmao Enterprise (Group) Co (SHSE:600689) Headlines

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