Zhejiang Meilun Elevator Co (SHSE:603321) Days Sales Outstanding : 154.98 (As of Mar. 2024)

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What is Zhejiang Meilun Elevator Co Days Sales Outstanding?

Zhejiang Meilun Elevator Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥247.1 Mil. Zhejiang Meilun Elevator Co's Revenue for the three months ended in Mar. 2024 was ¥145.5 Mil. Hence, Zhejiang Meilun Elevator Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 154.98.

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

SHSE:603321' s Days Sales Outstanding Range Over the Past 10 Years
Min: 71.39 Med: 95.55 Max: 131.12
Current: 98.03

During the past 11 years, Zhejiang Meilun Elevator Co's highest Days Sales Outstanding was 131.12. The lowest was 71.39. And the median was 95.55.

SHSE:603321's Days Sales Outstanding is ranked worse than
63.83% of 2953 companies
in the Industrial Products industry
Industry Median: 79.56 vs SHSE:603321: 98.03

Zhejiang Meilun Elevator Co's Days Sales Outstanding increased from Mar. 2023 (142.93) to Mar. 2024 (154.98).

Zhejiang Meilun Elevator Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Meilun Elevator 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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Zhejiang Meilun Elevator Co Days Sales Outstanding Chart

Zhejiang Meilun Elevator Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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113.43

92.55

82.43

97.52

97.06

Zhejiang Meilun Elevator 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															142.93	71.53	110.06	102.50	154.98

Competitive Comparison of Zhejiang Meilun Elevator Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Zhejiang Meilun Elevator 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.

Zhejiang Meilun Elevator Co's Days Sales Outstanding Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zhejiang Meilun Elevator Co's Days Sales Outstanding falls into.

Zhejiang Meilun Elevator 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.

Zhejiang Meilun Elevator 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
=	( (242.144	+	265.94)	/	2 )	/	955.293	*	365
=	254.042					/	955.293	*	365
=	97.06

Zhejiang Meilun Elevator 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
=	( (265.94	+	228.183)	/	2 )	/	145.464	*	365 / 4
=	247.0615					/	145.464	*	365 / 4
=	154.98

Zhejiang Meilun Elevator Co (SHSE:603321) Days Sales Outstanding Explanation

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

Zhejiang Meilun Elevator Co Days Sales Outstanding Related Terms

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Zhejiang Meilun Elevator Co (SHSE:603321) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Meilun Elevator Co Ltd (SHSE:603321) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 888, Qitao North Road, Kebei Industrial Park, Zhejiang Province, Shaoxing, CHN, 312065

Website

http://www.zjml.cc

Zhejiang Meilun Elevator Co Ltd operates in the elevator industrial field. The company is mainly engaged in the production and sales of passenger elevators, escalators, moving walkways and accessory parts, installation and maintenance of the whole product. The main products include passenger elevators, freight elevators, medical ladders, sightseeing ladders, escalators, automatic sidewalks, three-dimensional garages and accessories. The products are widely used in residential, shopping malls, hotels, public facilities areas.

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