ADD Industry (Zhejiang) (SHSE:603089) Days Sales Outstanding : 90.90 (As of Mar. 2024)

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What is ADD Industry (Zhejiang) Days Sales Outstanding?

ADD Industry (Zhejiang)'s average Accounts Receivable for the three months ended in Mar. 2024 was ¥420 Mil. ADD Industry (Zhejiang)'s Revenue for the three months ended in Mar. 2024 was ¥421 Mil. Hence, ADD Industry (Zhejiang)'s Days Sales Outstanding for the three months ended in Mar. 2024 was 90.90.

The historical rank and industry rank for ADD Industry (Zhejiang)'s Days Sales Outstanding or its related term are showing as below:

SHSE:603089' s Days Sales Outstanding Range Over the Past 10 Years
Min: 76.1 Med: 86.71 Max: 97.16
Current: 76.1

During the past 12 years, ADD Industry (Zhejiang)'s highest Days Sales Outstanding was 97.16. The lowest was 76.10. And the median was 86.71.

SHSE:603089's Days Sales Outstanding is ranked worse than
69.01% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 60.2 vs SHSE:603089: 76.10

ADD Industry (Zhejiang)'s Days Sales Outstanding declined from Mar. 2023 (100.67) to Mar. 2024 (90.90).

ADD Industry (Zhejiang) Days Sales Outstanding Historical Data

The historical data trend for ADD Industry (Zhejiang)'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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ADD Industry (Zhejiang) Days Sales Outstanding Chart

ADD Industry (Zhejiang) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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97.16

91.33

76.63

77.84

79.88

ADD Industry (Zhejiang) 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															100.67	67.30	73.43	80.24	90.90

Competitive Comparison of ADD Industry (Zhejiang)'s Days Sales Outstanding

For the Auto Parts subindustry, ADD Industry (Zhejiang)'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.

ADD Industry (Zhejiang)'s Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ADD Industry (Zhejiang)'s Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where ADD Industry (Zhejiang)'s Days Sales Outstanding falls into.

ADD Industry (Zhejiang) 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.

ADD Industry (Zhejiang)'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
=	( (349.072	+	420.53)	/	2 )	/	1758.215	*	365
=	384.801					/	1758.215	*	365
=	79.88

ADD Industry (Zhejiang)'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
=	( (420.53	+	419.197)	/	2 )	/	421.461	*	365 / 4
=	419.8635					/	421.461	*	365 / 4
=	90.90

ADD Industry (Zhejiang) (SHSE:603089) Days Sales Outstanding Explanation

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

ADD Industry (Zhejiang) Days Sales Outstanding Related Terms

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ADD Industry (Zhejiang) (SHSE:603089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ADD Industry (Zhejiang) Corp Ltd (SHSE:603089) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

38-88 shuanggang road, Zhejiang Province, Yuhuan County, CHN, 317600

Website

http://www.addchina.com

ADD Industry (Zhejiang) Corp Ltd manufactures and sells shock absorbers for vehicle suspension system. It offers twin-tube shock absorbers, strut cartridges, shock absorbers with spring seat, struts, airbag shock absorbers, strut assemblies, steering dampers, adjustable shock absorbers, and cabin dampers for passenger and commercial vehicles.

Executives

Zheng Lian Ping	Director
Liu Yong	Director
Ye Wei Ming	Supervisors
Chen Ling Hui	Directors, senior managers
Zheng Nian Hui	Director

ADD Industry (Zhejiang) (SHSE:603089) Headlines

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