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Shanghai Longcheer Technology Co (SHSE:603341) Days Sales Outstanding : 81.51 (As of Mar. 2024)


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What is Shanghai Longcheer Technology Co Days Sales Outstanding?

Shanghai Longcheer Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥9,234 Mil. Shanghai Longcheer Technology Co's Revenue for the three months ended in Mar. 2024 was ¥10,337 Mil. Hence, Shanghai Longcheer Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 81.51.

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

SHSE:603341' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.13   Med: 58.19   Max: 102.52
Current: 84.6

During the past 9 years, Shanghai Longcheer Technology Co's highest Days Sales Outstanding was 102.52. The lowest was 41.13. And the median was 58.19.

SHSE:603341's Days Sales Outstanding is ranked worse than
59.62% of 2459 companies
in the Hardware industry
Industry Median: 74.1 vs SHSE:603341: 84.60

Shanghai Longcheer Technology Co's Days Sales Outstanding declined from Mar. 2023 (120.22) to Mar. 2024 (81.51).


Shanghai Longcheer Technology Co Days Sales Outstanding Historical Data

The historical data trend for Shanghai Longcheer Technology 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.

Shanghai Longcheer Technology Co Days Sales Outstanding Chart

Shanghai Longcheer Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only 58.19 79.79 102.52 99.51 76.24

Shanghai Longcheer Technology Co Quarterly Data
Dec12 Dec13 Dec14 Jun15 Dec15 Dec16 Jun17 Dec19 Dec20 Dec21 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 120.22 86.67 86.64 70.34 81.51

Competitive Comparison of Shanghai Longcheer Technology Co's Days Sales Outstanding

For the Consumer Electronics subindustry, Shanghai Longcheer Technology 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.


Shanghai Longcheer Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanghai Longcheer Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghai Longcheer Technology Co's Days Sales Outstanding falls into.



Shanghai Longcheer Technology 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.

Shanghai Longcheer Technology Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

Days Sales Outstanding (A: Dec. 2022 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count ) / Revenue (A: Dec. 2022 )*Days in Period
=( (6743.623 + 5514.652) / 2 ) / 29343.152*365
=6129.1375 / 29343.152*365
=76.24

Shanghai Longcheer Technology 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
=( (9007.762 + 9459.369) / 2 ) / 10336.615*365 / 4
=9233.5655 / 10336.615*365 / 4
=81.51

* 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.


Shanghai Longcheer Technology Co  (SHSE:603341) Days Sales Outstanding Explanation

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


Shanghai Longcheer Technology Co Days Sales Outstanding Related Terms

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Shanghai Longcheer Technology Co (SHSE:603341) Business Description

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