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Hangzhou XZB Tech Co (SHSE:603040) Days Sales Outstanding : 57.63 (As of Mar. 2024)


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What is Hangzhou XZB Tech Co Days Sales Outstanding?

Hangzhou XZB Tech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥89.6 Mil. Hangzhou XZB Tech Co's Revenue for the three months ended in Mar. 2024 was ¥141.9 Mil. Hence, Hangzhou XZB Tech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 57.63.

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

SHSE:603040' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.2   Med: 63.02   Max: 86.98
Current: 56.2

During the past 13 years, Hangzhou XZB Tech Co's highest Days Sales Outstanding was 86.98. The lowest was 56.20. And the median was 63.02.

SHSE:603040's Days Sales Outstanding is ranked better than
54.99% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 60.24 vs SHSE:603040: 56.20

Hangzhou XZB Tech Co's Days Sales Outstanding declined from Mar. 2023 (69.08) to Mar. 2024 (57.63).


Hangzhou XZB Tech Co Days Sales Outstanding Historical Data

The historical data trend for Hangzhou XZB Tech 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.

* Premium members only.

Hangzhou XZB Tech Co Days Sales Outstanding Chart

Hangzhou XZB Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.11 64.36 57.51 61.67 65.59

Hangzhou XZB Tech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.08 57.91 58.32 55.30 57.63

Competitive Comparison of Hangzhou XZB Tech Co's Days Sales Outstanding

For the Auto Parts subindustry, Hangzhou XZB Tech 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.


Hangzhou XZB Tech Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hangzhou XZB Tech Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hangzhou XZB Tech Co's Days Sales Outstanding falls into.



Hangzhou XZB Tech 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.

Hangzhou XZB Tech 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
=( (113.553 + 96.088) / 2 ) / 583.304*365
=104.8205 / 583.304*365
=65.59

Hangzhou XZB Tech 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
=( (96.088 + 83.139) / 2 ) / 141.884*365 / 4
=89.6135 / 141.884*365 / 4
=57.63

* 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.


Hangzhou XZB Tech Co  (SHSE:603040) Days Sales Outstanding Explanation

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


Hangzhou XZB Tech Co Days Sales Outstanding Related Terms

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Hangzhou XZB Tech Co (SHSE:603040) Business Description

Traded in Other Exchanges
N/A
Address
No.18 Longtan Road, Building 1-5, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311121
Hangzhou XZB Tech Co Ltd is a China based company engaged in the research and development of valve train system and parts manufacturing in car industry. The products offered by the company includes valve cotters (collets), valve spring retainers, hydraulic lash adjusters and finger followers, push rods and tappets for heavy duty diesel engines. In addition, the company also produces precision cold forming components together with good service for power tool, household electrical appliance, aerospace, machinery and other applications.
Executives
Hu Xin Directors, senior managers
Wang Jian Jun Supervisors
Xu Xue Quan Supervisors
Yao Guo Xing Director
Zheng Xiao Ling senior management
Ren Hai Jun Director
Yang Qi Ping senior management
Yang Zhi Jun senior management
Yan Zhen Qiang Supervisors
Zhang Ying senior management
Feng You Sheng Director

Hangzhou XZB Tech Co (SHSE:603040) Headlines

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