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Ningbo Water Meter (Group) Co (SHSE:603700) Days Sales Outstanding : 272.56 (As of Mar. 2024)


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What is Ningbo Water Meter (Group) Co Days Sales Outstanding?

Ningbo Water Meter (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥751 Mil. Ningbo Water Meter (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥251 Mil. Hence, Ningbo Water Meter (Group) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 272.56.

The historical rank and industry rank for Ningbo Water Meter (Group) Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603700' s Days Sales Outstanding Range Over the Past 10 Years
Min: 50.12   Med: 72.12   Max: 166.11
Current: 164.49

During the past 11 years, Ningbo Water Meter (Group) Co's highest Days Sales Outstanding was 166.11. The lowest was 50.12. And the median was 72.12.

SHSE:603700's Days Sales Outstanding is ranked worse than
87.1% of 2945 companies
in the Industrial Products industry
Industry Median: 79.82 vs SHSE:603700: 164.49

Ningbo Water Meter (Group) Co's Days Sales Outstanding increased from Mar. 2023 (219.13) to Mar. 2024 (272.56).


Ningbo Water Meter (Group) Co Days Sales Outstanding Historical Data

The historical data trend for Ningbo Water Meter (Group) 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.

Ningbo Water Meter (Group) Co Days Sales Outstanding Chart

Ningbo Water Meter (Group) 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 71.10 98.06 126.27 166.11 154.87

Ningbo Water Meter (Group) 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 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 219.13 142.16 167.85 137.99 272.56

Competitive Comparison of Ningbo Water Meter (Group) Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (Group) 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.


Ningbo Water Meter (Group) Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ningbo Water Meter (Group) Co's Days Sales Outstanding falls into.



Ningbo Water Meter (Group) 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.

Ningbo Water Meter (Group) 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
=( (752.206 + 766.146) / 2 ) / 1789.199*365
=759.176 / 1789.199*365
=154.87

Ningbo Water Meter (Group) 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
=( (766.146 + 735.204) / 2 ) / 251.316*365 / 4
=750.675 / 251.316*365 / 4
=272.56

* 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.


Ningbo Water Meter (Group) Co  (SHSE:603700) Days Sales Outstanding Explanation

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


Ningbo Water Meter (Group) Co Days Sales Outstanding Related Terms

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Ningbo Water Meter (Group) Co (SHSE:603700) Business Description

Traded in Other Exchanges
N/A
Address
No. 355, Hongxing Road, Jiangbei District, Ningbo, CHN, 315032
Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.
Executives
Xu Yun Director
Wang Kai Ta Director
Zhang Shi Hao Director
Wang Zong Hui Director
Chen Xiang Supervisors
Zhang Lin Director
Lin Qi Supervisors
Chen Hai Hua Supervisors
Xu Da Wei senior management
Zhao Shao Man Director

Ningbo Water Meter (Group) Co (SHSE:603700) Headlines

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