Ningbo Techmation Co (SHSE:603015) Days Sales Outstanding : 121.37 (As of Mar. 2024)

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What is Ningbo Techmation Co Days Sales Outstanding?

Ningbo Techmation Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥237.3 Mil. Ningbo Techmation Co's Revenue for the three months ended in Mar. 2024 was ¥178.4 Mil. Hence, Ningbo Techmation Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 121.37.

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

SHSE:603015' s Days Sales Outstanding Range Over the Past 10 Years
Min: 89.14 Med: 112.87 Max: 119.62
Current: 118.66

During the past 13 years, Ningbo Techmation Co's highest Days Sales Outstanding was 119.62. The lowest was 89.14. And the median was 112.87.

SHSE:603015's Days Sales Outstanding is ranked worse than
75.26% of 2951 companies
in the Industrial Products industry
Industry Median: 79.82 vs SHSE:603015: 118.66

Ningbo Techmation Co's Days Sales Outstanding declined from Mar. 2023 (122.28) to Mar. 2024 (121.37).

Ningbo Techmation Co Days Sales Outstanding Historical Data

The historical data trend for Ningbo Techmation 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 Techmation Co Days Sales Outstanding Chart

Ningbo Techmation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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115.18

103.73

89.14

105.32

113.25

Ningbo Techmation 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															122.28	100.95	154.43	114.18	121.37

Competitive Comparison of Ningbo Techmation Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Ningbo Techmation 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 Techmation Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Techmation Co's Days Sales Outstanding distribution charts can be found below:

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

Ningbo Techmation 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 Techmation 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
=	( (209.057	+	238.629)	/	2 )	/	721.422	*	365
=	223.843					/	721.422	*	365
=	113.25

Ningbo Techmation 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
=	( (238.629	+	236.038)	/	2 )	/	178.433	*	365 / 4
=	237.3335					/	178.433	*	365 / 4
=	121.37

Ningbo Techmation Co (SHSE:603015) 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 Techmation Co Days Sales Outstanding Related Terms

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Ningbo Techmation Co (SHSE:603015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Techmation Co Ltd (SHSE:603015) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88 Dagang Fifth Road, Beilun, Ningbo, CHN

Website

http://www.techmation.com.cn

Ningbo Techmation Co Ltd is a supplier of automation system integration in the plastics processing industry, providing high-quality automation system solutions for medium and high-end plastic machinery manufacturers. Its products include iNet, plastic machinery control system, the energy-saving servo system and other automated products and system solution.

Executives

Zheng Qin	senior management
Yu Tian Long	Director
Yin Kun	Director
Ye Hai Ping	senior management
Zhou Xiao Long	Director
Yu Yang	Director

Ningbo Techmation Co (SHSE:603015) Headlines

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