Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) Days Sales Outstanding : 57.68 (As of Mar. 2025)

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What is Ningbo Changhong Polymer Scientific & Technical Days Sales Outstanding?

Ningbo Changhong Polymer Scientific & Technical's average Accounts Receivable for the three months ended in Mar. 2025 was ¥454 Mil. Ningbo Changhong Polymer Scientific & Technical's Revenue for the three months ended in Mar. 2025 was ¥718 Mil. Hence, Ningbo Changhong Polymer Scientific & Technical's Days Sales Outstanding for the three months ended in Mar. 2025 was 57.68.

The historical rank and industry rank for Ningbo Changhong Polymer Scientific & Technical's Days Sales Outstanding or its related term are showing as below:

SHSE:605008' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.27 Med: 34.12 Max: 76.45
Current: 41.63

During the past 9 years, Ningbo Changhong Polymer Scientific & Technical's highest Days Sales Outstanding was 76.45. The lowest was 2.27. And the median was 34.12.

SHSE:605008's Days Sales Outstanding is ranked better than
76.71% of 1537 companies
in the Chemicals industry
Industry Median: 64.43 vs SHSE:605008: 41.63

Ningbo Changhong Polymer Scientific & Technical's Days Sales Outstanding increased from Mar. 2024 (38.42) to Mar. 2025 (57.68).

Ningbo Changhong Polymer Scientific & Technical Days Sales Outstanding Historical Data

The historical data trend for Ningbo Changhong Polymer Scientific & Technical'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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Ningbo Changhong Polymer Scientific & Technical Days Sales Outstanding Chart

Ningbo Changhong Polymer Scientific & Technical Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Sales Outstanding

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35.44

52.83

50.14

76.45

34.12

Ningbo Changhong Polymer Scientific & Technical Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Sales Outstanding	Get a 7-Day Free Trial															38.42	40.98	35.73	34.22	57.68

Competitive Comparison of Ningbo Changhong Polymer Scientific & Technical's Days Sales Outstanding

For the Specialty Chemicals subindustry, Ningbo Changhong Polymer Scientific & Technical'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 Changhong Polymer Scientific & Technical's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningbo Changhong Polymer Scientific & Technical's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ningbo Changhong Polymer Scientific & Technical's Days Sales Outstanding falls into.

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Ningbo Changhong Polymer Scientific & Technical 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 Changhong Polymer Scientific & Technical's Days Sales Outstanding for the fiscal year that ended in Dec. 2024 is calculated as

	Days Sales Outstanding (A: Dec. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )	*	Days in Period
=	( (256.814	+	422.442)	/	2 )	/	3633.663	*	365
=	339.628					/	3633.663	*	365
=	34.12

Ningbo Changhong Polymer Scientific & Technical's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

	Days Sales Outstanding (Q: Mar. 2025 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2024 )	+	Accounts Receivable (A: Mar. 2025 ))	/	count )	/	Revenue (A: Mar. 2025 )	*	Days in Period
=	( (422.442	+	484.815)	/	2 )	/	717.69	*	365 / 4
=	453.6285					/	717.69	*	365 / 4
=	57.68

Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) 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 Changhong Polymer Scientific & Technical Days Sales Outstanding Related Terms

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Ningbo Changhong Polymer Scientific & Technical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Changhong Polymer Scientific & Technical Inc (SHSE:605008) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 108, Qijiashan Gangkou Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315803

Website

http://www.changhongpolymer.com

Ningbo Changhong Polymer Scientific & Technical Inc is engaged in production and sales of styrene-based thermoplastic elastomers (TPES). The company's products include Sstyrene-butadiene-styrene (SBS) and Styrene-ethylene-butylene-styrene (SEBS). Its products are used in many industrial fields such as shoes materials, asphalt modification, plastic modification, adhesive agent, medicine, health products, waterproofing materials, and construction materials, environmental-friendly plastic runway and bicycle tyre.

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