Ningbo Energy Group Co (SHSE:600982) Days Sales Outstanding : 115.88 (As of Mar. 2024)

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What is Ningbo Energy Group Co Days Sales Outstanding?

Ningbo Energy Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,410 Mil. Ningbo Energy Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,111 Mil. Hence, Ningbo Energy Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 115.88.

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

SHSE:600982' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.81 Med: 20.89 Max: 94.71
Current: 94.71

During the past 13 years, Ningbo Energy Group Co's highest Days Sales Outstanding was 94.71. The lowest was 14.81. And the median was 20.89.

SHSE:600982's Days Sales Outstanding is ranked worse than
77.24% of 514 companies
in the Utilities - Regulated industry
Industry Median: 53.58 vs SHSE:600982: 94.71

Ningbo Energy Group Co's Days Sales Outstanding increased from Mar. 2023 (29.63) to Mar. 2024 (115.88).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Ningbo Energy Group Co Days Sales Outstanding Historical Data

The historical data trend for Ningbo Energy 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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Ningbo Energy Group Co Days Sales Outstanding Chart

Ningbo Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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20.86

16.35

22.28

24.23

67.88

Ningbo Energy 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															29.63	54.00	85.31	245.11	115.88

Competitive Comparison of Ningbo Energy Group Co's Days Sales Outstanding

For the Utilities - Regulated Electric subindustry, Ningbo Energy 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.

Ningbo Energy Group Co's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ningbo Energy Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ningbo Energy Group Co's Days Sales Outstanding falls into.

Ningbo Energy 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.

Ningbo Energy 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
=	( (543.262	+	1459.972)	/	2 )	/	5385.915	*	365
=	1001.617					/	5385.915	*	365
=	67.88

Ningbo Energy 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
=	( (1459.972	+	1360.615)	/	2 )	/	1110.554	*	365 / 4
=	1410.2935					/	1110.554	*	365 / 4
=	115.88

Ningbo Energy Group Co (SHSE:600982) Days Sales Outstanding Explanation

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

Ningbo Energy Group Co Days Sales Outstanding Related Terms

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Ningbo Energy Group Co (SHSE:600982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ningbo Energy Group Co Ltd (SHSE:600982) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ningbo Economic and Technological Development Zone, Dagang Industrial City, Zhejiang Province, Ningbo, CHN, 315042

Website

http://www.nbtp.com.cn

Ningbo Energy Group Co Ltd is a China-based electricity producer. The company is engaged in the generation and distribution of electricity, heat, and ash. Its main business is cogeneration. The company conducts its business mainly in Beilun Chunxiao area and part of the heating area of Beilun City, Jinhua Jinxi Development Zone, and Yujiao Huangjiatun Town.

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