Shandong Huifa Foodstuff Co (SHSE:603536) Days Sales Outstanding : 41.40 (As of Mar. 2024)

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What is Shandong Huifa Foodstuff Co Days Sales Outstanding?

Shandong Huifa Foodstuff Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥191 Mil. Shandong Huifa Foodstuff Co's Revenue for the three months ended in Mar. 2024 was ¥422 Mil. Hence, Shandong Huifa Foodstuff Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 41.40.

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

SHSE:603536' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.62 Med: 32.91 Max: 49.92
Current: 28.3

During the past 12 years, Shandong Huifa Foodstuff Co's highest Days Sales Outstanding was 49.92. The lowest was 15.62. And the median was 32.91.

SHSE:603536's Days Sales Outstanding is ranked better than
66.67% of 1845 companies
in the Consumer Packaged Goods industry
Industry Median: 39.18 vs SHSE:603536: 28.30

Shandong Huifa Foodstuff Co's Days Sales Outstanding increased from Mar. 2023 (30.93) to Mar. 2024 (41.40).

Shandong Huifa Foodstuff Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Huifa Foodstuff 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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Shandong Huifa Foodstuff Co Days Sales Outstanding Chart

Shandong Huifa Foodstuff Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.92

42.88

36.51

34.69

31.12

Shandong Huifa Foodstuff 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															30.93	25.55	27.29	23.39	41.40

Competitive Comparison of Shandong Huifa Foodstuff Co's Days Sales Outstanding

For the Packaged Foods subindustry, Shandong Huifa Foodstuff 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.

Shandong Huifa Foodstuff Co's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Huifa Foodstuff Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Huifa Foodstuff Co's Days Sales Outstanding falls into.

Shandong Huifa Foodstuff 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.

Shandong Huifa Foodstuff 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
=	( (134.342	+	206.216)	/	2 )	/	1997.128	*	365
=	170.279					/	1997.128	*	365
=	31.12

Shandong Huifa Foodstuff 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
=	( (206.216	+	176.438)	/	2 )	/	421.699	*	365 / 4
=	191.327					/	421.699	*	365 / 4
=	41.40

Shandong Huifa Foodstuff Co (SHSE:603536) Days Sales Outstanding Explanation

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

Shandong Huifa Foodstuff Co Days Sales Outstanding Related Terms

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Shandong Huifa Foodstuff Co (SHSE:603536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Huifa Foodstuff Co Ltd (SHSE:603536) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

139 Shuncheng Road, Shandong Province, Zhucheng, CHN, 262200

Website

http://www.huifafoods.com

Shandong Huifa Foodstuff Co Ltd is a China based company engages in the research and development, production and sales of frozen food products. Its products include frozen noodles and meat, ready-to-eat meatballs, fried food, pre-packaged food, vegetables, sausage, seafood, meal food and other frozen food and beverages.

Executives

Zang Fang Yun	senior management
Jie Pei Jin	senior management
Wang Rui Rong	senior management
Song Zhang Wei	Director
Zhang Qing Yu	senior management
Wei Xue Jun	senior management
Hui Zeng Yu	Directors, senior managers
Meng Gao Dong	senior management

Shandong Huifa Foodstuff Co (SHSE:603536) Headlines

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