MingYang Smart Energy Group (SHSE:601615) Days Sales Outstanding : 251.75 (As of Mar. 2024)

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What is MingYang Smart Energy Group Days Sales Outstanding?

MingYang Smart Energy Group's average Accounts Receivable for the three months ended in Mar. 2024 was ¥14,002 Mil. MingYang Smart Energy Group's Revenue for the three months ended in Mar. 2024 was ¥5,075 Mil. Hence, MingYang Smart Energy Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 251.75.

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

SHSE:601615' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.17 Med: 193.91 Max: 302.06
Current: 157.83

During the past 13 years, MingYang Smart Energy Group's highest Days Sales Outstanding was 302.06. The lowest was 64.17. And the median was 193.91.

SHSE:601615's Days Sales Outstanding is ranked worse than
85.66% of 2956 companies
in the Industrial Products industry
Industry Median: 79.375 vs SHSE:601615: 157.83

MingYang Smart Energy Group's Days Sales Outstanding declined from Mar. 2023 (349.57) to Mar. 2024 (251.75).

Warning Sign:

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

MingYang Smart Energy Group Days Sales Outstanding Historical Data

The historical data trend for MingYang Smart Energy Group'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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MingYang Smart Energy Group Days Sales Outstanding Chart

MingYang Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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178.11

68.80

64.17

98.70

161.78

MingYang Smart Energy Group 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															349.57	129.36	118.32	191.97	251.75

Competitive Comparison of MingYang Smart Energy Group's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, MingYang Smart Energy Group'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.

MingYang Smart Energy Group's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MingYang Smart Energy Group's Days Sales Outstanding distribution charts can be found below:

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

MingYang Smart Energy Group 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.

MingYang Smart Energy Group'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
=	( (10773.784	+	13922.888)	/	2 )	/	27859.076	*	365
=	12348.336					/	27859.076	*	365
=	161.78

MingYang Smart Energy Group'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
=	( (13922.888	+	14081.569)	/	2 )	/	5075.351	*	365 / 4
=	14002.2285					/	5075.351	*	365 / 4
=	251.75

MingYang Smart Energy Group (SHSE:601615) Days Sales Outstanding Explanation

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

MingYang Smart Energy Group Days Sales Outstanding Related Terms

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MingYang Smart Energy Group (SHSE:601615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MingYang Smart Energy Group Ltd (SHSE:601615) » Definitions » Days Sales Outstanding

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Address

Mingyang Industrial Park, No. 22, Huoju Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan, Guangdong, CHN, 528400

Website

http://www.mywind.com.cn

Ming Yang Smart Energy Group Ltd is a wind turbine manufacturer, that provides accessible green and smart energy, and a full lifecycle renewable solutions provider. The Group's business is primarily divided into three segments: wind turbine manufacturing and sales, wind and solar farm development and operation, and other renewable energy services.

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