Zoy Home Furnishing Co (SHSE:603709) Days Sales Outstanding : 42.11 (As of Mar. 2024)

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What is Zoy Home Furnishing Co Days Sales Outstanding?

Zoy Home Furnishing Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥160 Mil. Zoy Home Furnishing Co's Revenue for the three months ended in Mar. 2024 was ¥347 Mil. Hence, Zoy Home Furnishing Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 42.11.

The historical rank and industry rank for Zoy Home Furnishing Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603709' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.42 Med: 33.31 Max: 51.84
Current: 40

During the past 11 years, Zoy Home Furnishing Co's highest Days Sales Outstanding was 51.84. The lowest was 17.42. And the median was 33.31.

SHSE:603709's Days Sales Outstanding is ranked better than
66.27% of 418 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 53.155 vs SHSE:603709: 40.00

Zoy Home Furnishing Co's Days Sales Outstanding declined from Mar. 2023 (45.33) to Mar. 2024 (42.11).

Zoy Home Furnishing Co Days Sales Outstanding Historical Data

The historical data trend for Zoy Home Furnishing 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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Zoy Home Furnishing Co Days Sales Outstanding Chart

Zoy Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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38.46

50.00

51.64

51.84

41.49

Zoy Home Furnishing 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															45.33	42.07	38.18	37.43	42.11

Competitive Comparison of Zoy Home Furnishing Co's Days Sales Outstanding

For the Furnishings, Fixtures & Appliances subindustry, Zoy Home Furnishing 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.

Zoy Home Furnishing Co's Days Sales Outstanding Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zoy Home Furnishing Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zoy Home Furnishing Co's Days Sales Outstanding falls into.

Zoy Home Furnishing 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.

Zoy Home Furnishing 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
=	( (89.506	+	160.864)	/	2 )	/	1101.285	*	365
=	125.185					/	1101.285	*	365
=	41.49

Zoy Home Furnishing 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
=	( (160.864	+	159.687)	/	2 )	/	347.273	*	365 / 4
=	160.2755					/	347.273	*	365 / 4
=	42.11

Zoy Home Furnishing Co (SHSE:603709) Days Sales Outstanding Explanation

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

Zoy Home Furnishing Co Days Sales Outstanding Related Terms

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Zoy Home Furnishing Co (SHSE:603709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zoy Home Furnishing Co Ltd (SHSE:603709) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Tangpu Industrial Park, Anji County, Zhejiang Province, Huzhou, CHN, 313300

Website

http://www.zoy-living.com

Zoy Home Furnishing Co Ltd manufactures and markets furniture. The Company designs, produces, and sells ordinary and ergonomic sofas, and other related products. The company's products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs.

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