Hengsheng Energy Co (SHSE:605580) Days Sales Outstanding : 87.13 (As of Mar. 2024)

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What is Hengsheng Energy Co Days Sales Outstanding?

Hengsheng Energy Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥175.9 Mil. Hengsheng Energy Co's Revenue for the three months ended in Mar. 2024 was ¥184.3 Mil. Hence, Hengsheng Energy Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 87.13.

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

SHSE:605580' s Days Sales Outstanding Range Over the Past 10 Years
Min: 59.85 Med: 64.52 Max: 90.07
Current: 81.86

During the past 7 years, Hengsheng Energy Co's highest Days Sales Outstanding was 90.07. The lowest was 59.85. And the median was 64.52.

SHSE:605580's Days Sales Outstanding is ranked worse than
64.15% of 410 companies
in the Utilities - Independent Power Producers industry
Industry Median: 63.875 vs SHSE:605580: 81.86

Hengsheng Energy Co's Days Sales Outstanding declined from Mar. 2023 (93.08) to Mar. 2024 (87.13).

Hengsheng Energy Co Days Sales Outstanding Historical Data

The historical data trend for Hengsheng Energy 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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Hengsheng Energy Co Days Sales Outstanding Chart

Hengsheng Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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61.99

64.52

68.30

82.50

90.07

Hengsheng Energy Co Quarterly Data
	Dec18	Jun19	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															93.08	87.45	85.98	68.85	87.13

Competitive Comparison of Hengsheng Energy Co's Days Sales Outstanding

For the Utilities - Renewable subindustry, Hengsheng Energy 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.

Hengsheng Energy Co's Days Sales Outstanding Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Hengsheng Energy Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hengsheng Energy Co's Days Sales Outstanding falls into.

Hengsheng Energy 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.

Hengsheng Energy 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
=	( (206.789	+	182.529)	/	2 )	/	788.835	*	365
=	194.659					/	788.835	*	365
=	90.07

Hengsheng Energy 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
=	( (182.529	+	169.33)	/	2 )	/	184.255	*	365 / 4
=	175.9295					/	184.255	*	365 / 4
=	87.13

Hengsheng Energy Co (SHSE:605580) Days Sales Outstanding Explanation

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

Hengsheng Energy Co Days Sales Outstanding Related Terms

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Hengsheng Energy Co (SHSE:605580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hengsheng Energy Co Ltd (SHSE:605580) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 10 Xingbei Road, Longyou Industrial Park, Longyou County, Zhejiang Province, Quzhou, CHN, 324400

Website

Hengsheng Energy Co Ltd is engaged in the production and supply of steam, the production and sale of electricity.

Hengsheng Energy Co (SHSE:605580) Headlines

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