AVE Science & Technology Co (SHSE:688067) Days Sales Outstanding : 11.46 (As of Mar. 2024)

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What is AVE Science & Technology Co Days Sales Outstanding?

AVE Science & Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5.9 Mil. AVE Science & Technology Co's Revenue for the three months ended in Mar. 2024 was ¥46.8 Mil. Hence, AVE Science & Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.46.

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

SHSE:688067' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.96 Med: 25.37 Max: 59.94
Current: 11.96

During the past 12 years, AVE Science & Technology Co's highest Days Sales Outstanding was 59.94. The lowest was 11.96. And the median was 25.37.

SHSE:688067's Days Sales Outstanding is ranked better than
97.15% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 64.88 vs SHSE:688067: 11.96

AVE Science & Technology Co's Days Sales Outstanding declined from Mar. 2023 (16.34) to Mar. 2024 (11.46).

AVE Science & Technology Co Days Sales Outstanding Historical Data

The historical data trend for AVE Science & 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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AVE Science & Technology Co Days Sales Outstanding Chart

AVE Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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21.92

22.17

17.47

16.36

12.89

AVE Science & 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															16.34	12.03	12.35	13.07	11.46

Competitive Comparison of AVE Science & Technology Co's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, AVE Science & 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.

AVE Science & Technology Co's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AVE Science & Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where AVE Science & Technology Co's Days Sales Outstanding falls into.

AVE Science & 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.

AVE Science & 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
=	( (7.799	+	6.352)	/	2 )	/	200.306	*	365
=	7.0755					/	200.306	*	365
=	12.89

AVE Science & 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
=	( (6.352	+	5.409)	/	2 )	/	46.814	*	365 / 4
=	5.8805					/	46.814	*	365 / 4
=	11.46

AVE Science & Technology Co (SHSE:688067) Days Sales Outstanding Explanation

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

AVE Science & Technology Co Days Sales Outstanding Related Terms

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AVE Science & Technology Co (SHSE:688067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » AVE Science & Technology Co Ltd (SHSE:688067) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.27 Wenxuan Road, Building B6, Lugu Yuyuan, High-tech Development Zone, Hunan Province, Changsha, CHN, 410205

Website

http://www.c-ave.com

AVE Science & Technology Co Ltd is engaged in the research and development, production, sales and service of medical clinical laboratory analysis instruments and supporting in vitro diagnostic reagents and medical consumables.

Executives

Li Rong

Core technical personnel

AVE Science & Technology Co (SHSE:688067) Headlines

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