Hangzhou Pinming Software Co (SHSE:688109) Days Sales Outstanding : 341.61 (As of Mar. 2024)

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What is Hangzhou Pinming Software Co Days Sales Outstanding?

Hangzhou Pinming Software Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥220.1 Mil. Hangzhou Pinming Software Co's Revenue for the three months ended in Mar. 2024 was ¥58.8 Mil. Hence, Hangzhou Pinming Software Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 341.61.

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

SHSE:688109' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.85 Med: 54.28 Max: 187.79
Current: 184.43

During the past 10 years, Hangzhou Pinming Software Co's highest Days Sales Outstanding was 187.79. The lowest was 12.85. And the median was 54.28.

SHSE:688109's Days Sales Outstanding is ranked worse than
88.86% of 2729 companies
in the Software industry
Industry Median: 61.68 vs SHSE:688109: 184.43

Hangzhou Pinming Software Co's Days Sales Outstanding increased from Mar. 2023 (331.41) to Mar. 2024 (341.61).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Hangzhou Pinming Software Co Days Sales Outstanding Historical Data

The historical data trend for Hangzhou Pinming Software 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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Hangzhou Pinming Software Co Days Sales Outstanding Chart

Hangzhou Pinming Software Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.97

59.30

83.08

150.73

187.79

Hangzhou Pinming Software 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															331.41	182.70	224.96	116.88	341.61

Competitive Comparison of Hangzhou Pinming Software Co's Days Sales Outstanding

For the Software - Application subindustry, Hangzhou Pinming Software 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.

Hangzhou Pinming Software Co's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Hangzhou Pinming Software Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hangzhou Pinming Software Co's Days Sales Outstanding falls into.

Hangzhou Pinming Software 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.

Hangzhou Pinming Software 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
=	( (219.367	+	228.964)	/	2 )	/	435.706	*	365
=	224.1655					/	435.706	*	365
=	187.79

Hangzhou Pinming Software 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
=	( (228.964	+	211.234)	/	2 )	/	58.792	*	365 / 4
=	220.099					/	58.792	*	365 / 4
=	341.61

Hangzhou Pinming Software Co (SHSE:688109) Days Sales Outstanding Explanation

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

Hangzhou Pinming Software Co Days Sales Outstanding Related Terms

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Hangzhou Pinming Software Co (SHSE:688109) Business Description

Industry

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Address

No. 3, Xidoumen Road, Block C, 5th Floor, Building B, Paradise Software Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.pinming.cn

Hangzhou Pinming Software Co Ltd is a provider of applied technology and products of digital construction in the construction phase. It focuses on the field of engineering construction information technology. Its business covers engineering cost, construction software, BIM software, smart construction sites, and universities. , Industry supervision, infrastructure and others.

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