Chongqing Iron & Steel Co (SHSE:601005) Days Sales Outstanding : 0.32 (As of Sep. 2024)

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What is Chongqing Iron & Steel Co Days Sales Outstanding?

Chongqing Iron & Steel Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥20 Mil. Chongqing Iron & Steel Co's Revenue for the three months ended in Sep. 2024 was ¥5,512 Mil. Hence, Chongqing Iron & Steel Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 0.32.

The historical rank and industry rank for Chongqing Iron & Steel Co's Days Sales Outstanding or its related term are showing as below:

SHSE:601005' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.28 Med: 0.53 Max: 31.39
Current: 3.97

During the past 13 years, Chongqing Iron & Steel Co's highest Days Sales Outstanding was 31.39. The lowest was 0.28. And the median was 0.53.

SHSE:601005's Days Sales Outstanding is ranked better than
96.07% of 611 companies
in the Steel industry
Industry Median: 49.65 vs SHSE:601005: 3.97

Chongqing Iron & Steel Co's Days Sales Outstanding declined from Sep. 2023 (8.00) to Sep. 2024 (0.32).

Chongqing Iron & Steel Co Days Sales Outstanding Historical Data

The historical data trend for Chongqing Iron & 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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Chongqing Iron & Steel Co Days Sales Outstanding Chart

Chongqing Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.28

0.30

0.41

0.46

0.32

Chongqing Iron & 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															8.00	7.74	0.23	0.23	0.32

Competitive Comparison of Chongqing Iron & Steel Co's Days Sales Outstanding

For the Steel subindustry, Chongqing Iron & 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.

Chongqing Iron & Steel Co's Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chongqing Iron & Steel Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chongqing Iron & Steel Co's Days Sales Outstanding falls into.

Chongqing Iron & 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.

Chongqing Iron & 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
=	( (38.789	+	30.63)	/	2 )	/	39318.142	*	365
=	34.7095					/	39318.142	*	365
=	0.32

Chongqing Iron & 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
=	( (28.082	+	11.093)	/	2 )	/	5512.048	*	365 / 4
=	19.5875					/	5512.048	*	365 / 4
=	0.32

Chongqing Iron & Steel Co (SHSE:601005) Days Sales Outstanding Explanation

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

Chongqing Iron & Steel Co Days Sales Outstanding Related Terms

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Chongqing Iron & Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chongqing Iron & Steel Co Ltd (SHSE:601005) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

01053:Hong Kong CGP:Germany

Address

No. 2 Jiangnan Avenue, Jiangnan Street, Changshou District, Chongqing, CHN, 401258

Website

http://www.cqgt.cn

Chongqing Iron & Steel Co Ltd is a company that produces, processes, and sells steel plates, steel sections, wire rods, bar materials, billets, and thin plates. they also produce and sell coking and coal chemical products, pig iron & grain slag, steel slag, and steel scrap. The products they make are used in various industries such as machinery, architecture, engineering, automobile, motorbike, shipbuilding, offshore oil, gas cylinder, boiler, as well as oil and gas pipelines. The group's revenue and profit mainly come from steel manufacturing and domestic sales.

Executives

Yao Xiao Hu	Director
Xia Tong	Director
Yu Hong	Director
Lv Feng	senior management
Zhang Shuo Gong	Director
Li Ren Sheng	senior management
Li Yong Xiang	Director
Meng Xiang Yun	Director
Xiao Yu Xin	Supervisors
Wang Bu Lin	senior management
Zhang Li Quan	Director
Ceng Jing	senior management
Tu De Ling	Director
Zhou Ya Ping	Supervisors
Zhao Wei	Supervisors

Chongqing Iron & Steel Co Headlines

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