Zhejiang Mustang Battery Co (SHSE:605378) Days Sales Outstanding : 63.82 (As of Jun. 2024)

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What is Zhejiang Mustang Battery Co Days Sales Outstanding?

Zhejiang Mustang Battery Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥217 Mil. Zhejiang Mustang Battery Co's Revenue for the three months ended in Jun. 2024 was ¥310 Mil. Hence, Zhejiang Mustang Battery Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 63.82.

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

SHSE:605378' s Days Sales Outstanding Range Over the Past 10 Years
Min: 50.7 Med: 61.27 Max: 81.06
Current: 68.36

During the past 8 years, Zhejiang Mustang Battery Co's highest Days Sales Outstanding was 81.06. The lowest was 50.70. And the median was 61.27.

SHSE:605378's Days Sales Outstanding is ranked better than
62.09% of 2978 companies
in the Industrial Products industry
Industry Median: 79.41 vs SHSE:605378: 68.36

Zhejiang Mustang Battery Co's Days Sales Outstanding increased from Jun. 2023 (58.25) to Jun. 2024 (63.82).

Zhejiang Mustang Battery Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Mustang Battery 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 Mustang Battery Co Days Sales Outstanding Chart

Zhejiang Mustang Battery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.64

56.02

50.70

52.31

59.35

Zhejiang Mustang Battery Co Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															58.25	53.58	89.20	82.46	63.82

Competitive Comparison of Zhejiang Mustang Battery Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Zhejiang Mustang Battery 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 Mustang Battery Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Mustang Battery Co's Days Sales Outstanding distribution charts can be found below:

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

Zhejiang Mustang Battery 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 Mustang Battery 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
=	( (131.028	+	193.145)	/	2 )	/	996.862	*	365
=	162.0865					/	996.862	*	365
=	59.35

Zhejiang Mustang Battery Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (195.836	+	238.274)	/	2 )	/	310.348	*	365 / 4
=	217.055					/	310.348	*	365 / 4
=	63.82

Zhejiang Mustang Battery Co (SHSE:605378) 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 Mustang Battery Co Days Sales Outstanding Related Terms

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Zhejiang Mustang Battery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Mustang Battery Co Ltd (SHSE:605378) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

818 Rongji Road, Luotuo Street, Zhenhai District, Zhejiang Province, Ningbo, CHN, 315202

Website

http://www.mustangbattery.com

Zhejiang Mustang Battery Co Ltd is engaged in the research and development, production and sales of high-performance, environmentally friendly zinc-manganese batteries.

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