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Zhejiang Three Stars New Materials Co (SHSE:603578) Days Sales Outstanding : 108.88 (As of Jun. 2024)


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What is Zhejiang Three Stars New Materials Co Days Sales Outstanding?

Zhejiang Three Stars New Materials Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥337.8 Mil. Zhejiang Three Stars New Materials Co's Revenue for the three months ended in Jun. 2024 was ¥283.1 Mil. Hence, Zhejiang Three Stars New Materials Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 108.88.

The historical rank and industry rank for Zhejiang Three Stars New Materials Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603578' s Days Sales Outstanding Range Over the Past 10 Years
Min: 83.58   Med: 115.35   Max: 146.15
Current: 134.66

During the past 12 years, Zhejiang Three Stars New Materials Co's highest Days Sales Outstanding was 146.15. The lowest was 83.58. And the median was 115.35.

SHSE:603578's Days Sales Outstanding is ranked worse than
80.71% of 2975 companies
in the Industrial Products industry
Industry Median: 79.25 vs SHSE:603578: 134.66

Zhejiang Three Stars New Materials Co's Days Sales Outstanding increased from Jun. 2023 (99.39) to Jun. 2024 (108.88).


Zhejiang Three Stars New Materials Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Three Stars New Materials 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.

Zhejiang Three Stars New Materials Co Days Sales Outstanding Chart

Zhejiang Three Stars New Materials 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 114.83 86.14 85.33 100.00 83.58

Zhejiang Three Stars New Materials Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 99.39 243.04 123.91 99.72 108.88

Competitive Comparison of Zhejiang Three Stars New Materials Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Zhejiang Three Stars New Materials 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 Three Stars New Materials Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Three Stars New Materials Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Three Stars New Materials Co's Days Sales Outstanding falls into.



Zhejiang Three Stars New Materials 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 Three Stars New Materials 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
=( (187.159 + 221.455) / 2 ) / 892.262*365
=204.307 / 892.262*365
=83.58

Zhejiang Three Stars New Materials Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding (Q: Jun. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Mar. 2024 ) + Accounts Receivable (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )*Days in Period
=( (333.137 + 342.417) / 2 ) / 283.075*365 / 4
=337.777 / 283.075*365 / 4
=108.88

* 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.


Zhejiang Three Stars New Materials Co  (SHSE:603578) 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 Three Stars New Materials Co Days Sales Outstanding Related Terms

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Zhejiang Three Stars New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 333 Hanghai Road, Minyue Town, Deqing County, Zhejiang Province, Huzhou, CHN, 313213
Zhejiang Three Stars New Materials Co Ltd is a China based company involved in the design, development, production and sales of all kinds of low temperature storage equipment glass door and deep processing glass products. It produces hollow glass door, PVC extrusion profile, single layer glass door, overall injection molding glass door, coating glass, tempered glass and touch screen glass. The company's deep-processed glass products include tempered glass, coated glass, and crystal glass, among others.
Executives
Yang Pei Zhu senior management
Zhang Jin Zhu Director
Wang Xue Yong Director
Yang Min Director
Yang A Yong Director
Xu Fen Director

Zhejiang Three Stars New Materials Co Headlines

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