Zhejiang Xinao Textiles (SHSE:603889) Days Sales Outstanding : 42.52 (As of Mar. 2024)

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What is Zhejiang Xinao Textiles Days Sales Outstanding?

Zhejiang Xinao Textiles's average Accounts Receivable for the three months ended in Mar. 2024 was ¥512 Mil. Zhejiang Xinao Textiles's Revenue for the three months ended in Mar. 2024 was ¥1,100 Mil. Hence, Zhejiang Xinao Textiles's Days Sales Outstanding for the three months ended in Mar. 2024 was 42.52.

The historical rank and industry rank for Zhejiang Xinao Textiles's Days Sales Outstanding or its related term are showing as below:

SHSE:603889' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.46 Med: 23.25 Max: 46.31
Current: 46.31

During the past 13 years, Zhejiang Xinao Textiles's highest Days Sales Outstanding was 46.31. The lowest was 17.46. And the median was 23.25.

SHSE:603889's Days Sales Outstanding is ranked better than
58.53% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.3 vs SHSE:603889: 46.31

Zhejiang Xinao Textiles's Days Sales Outstanding increased from Mar. 2023 (42.13) to Mar. 2024 (42.52).

Zhejiang Xinao Textiles Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Xinao Textiles'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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Zhejiang Xinao Textiles Days Sales Outstanding Chart

Zhejiang Xinao Textiles Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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25.17

37.04

27.74

29.26

32.23

Zhejiang Xinao Textiles 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															42.13	41.22	51.17	52.63	42.52

Competitive Comparison of Zhejiang Xinao Textiles's Days Sales Outstanding

For the Textile Manufacturing subindustry, Zhejiang Xinao Textiles'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 Xinao Textiles's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Xinao Textiles's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Zhejiang Xinao Textiles's Days Sales Outstanding falls into.

Zhejiang Xinao Textiles 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 Xinao Textiles'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
=	( (368.653	+	415.217)	/	2 )	/	4438.317	*	365
=	391.935					/	4438.317	*	365
=	32.23

Zhejiang Xinao Textiles'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
=	( (415.217	+	609.556)	/	2 )	/	1099.71	*	365 / 4
=	512.3865					/	1099.71	*	365 / 4
=	42.52

Zhejiang Xinao Textiles (SHSE:603889) 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 Xinao Textiles Days Sales Outstanding Related Terms

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Zhejiang Xinao Textiles (SHSE:603889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Xinao Textiles Inc (SHSE:603889) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Guanzhuang Bridge, Chongfu Town, Zhejiang Province, Tongxiang City, CHN, 314511

Website

http://www.chinaxinaogroup.com

Zhejiang Xinao Textiles Inc along with its subsidiaries is engaged in research, development, production & sales of worsted yarn. Its products are worsted yarn & intermediate products of wool tops used in the downstream textile & clothing sector.

Zhejiang Xinao Textiles (SHSE:603889) Headlines

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