Zhejiang Yingfeng Technology Co (SHSE:605055) Days Sales Outstanding : 32.22 (As of Mar. 2024)

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What is Zhejiang Yingfeng Technology Co Days Sales Outstanding?

Zhejiang Yingfeng Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥113 Mil. Zhejiang Yingfeng Technology Co's Revenue for the three months ended in Mar. 2024 was ¥319 Mil. Hence, Zhejiang Yingfeng Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.22.

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

SHSE:605055' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.31 Med: 23.38 Max: 27.37
Current: 24.7

During the past 8 years, Zhejiang Yingfeng Technology Co's highest Days Sales Outstanding was 27.37. The lowest was 21.31. And the median was 23.38.

SHSE:605055's Days Sales Outstanding is ranked better than
84.37% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.15 vs SHSE:605055: 24.70

Zhejiang Yingfeng Technology Co's Days Sales Outstanding increased from Mar. 2023 (30.34) to Mar. 2024 (32.22).

Zhejiang Yingfeng Technology Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Yingfeng Technology 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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Zhejiang Yingfeng Technology Co Days Sales Outstanding Chart

Zhejiang Yingfeng Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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21.31

27.37

23.58

25.87

22.17

Zhejiang Yingfeng Technology 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															30.34	22.51	22.41	20.98	32.22

Competitive Comparison of Zhejiang Yingfeng Technology Co's Days Sales Outstanding

For the Textile Manufacturing subindustry, Zhejiang Yingfeng Technology 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 Yingfeng Technology Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Zhejiang Yingfeng Technology Co's Days Sales Outstanding falls into.

Zhejiang Yingfeng Technology 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 Yingfeng Technology 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
=	( (86.583	+	101.358)	/	2 )	/	1546.766	*	365
=	93.9705					/	1546.766	*	365
=	22.17

Zhejiang Yingfeng Technology 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
=	( (101.358	+	123.705)	/	2 )	/	318.675	*	365 / 4
=	112.5315					/	318.675	*	365 / 4
=	32.22

Zhejiang Yingfeng Technology Co (SHSE:605055) 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 Yingfeng Technology Co Days Sales Outstanding Related Terms

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Zhejiang Yingfeng Technology Co (SHSE:605055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yingfeng Technology Co Ltd (SHSE:605055) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 4888, Xingbin Road, Binhai Industrial Zone, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.zj-yfkj.com

Zhejiang Yingfeng Technology Co Ltd specializes in textile printing and dyeing processing business. It mainly includes two series of knitted fabric printing and dyeing and woven fabric printing and dyeing. The main processes include pretreatment, dyeing, and finishing. Textile fabrics after printing and dyeing are widely used in the fields of casual clothing, sportswear and business formal wear.

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