iRay Technology Co (SHSE:688301) Days Sales Outstanding : 123.75 (As of Mar. 2024)

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What is iRay Technology Co Days Sales Outstanding?

iRay Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥666 Mil. iRay Technology Co's Revenue for the three months ended in Mar. 2024 was ¥491 Mil. Hence, iRay Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 123.75.

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

SHSE:688301' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.28 Med: 77.73 Max: 116.12
Current: 116.12

During the past 9 years, iRay Technology Co's highest Days Sales Outstanding was 116.12. The lowest was 62.28. And the median was 77.73.

SHSE:688301's Days Sales Outstanding is ranked worse than
83.25% of 806 companies
in the Medical Devices & Instruments industry
Industry Median: 64.9 vs SHSE:688301: 116.12

iRay Technology Co's Days Sales Outstanding increased from Mar. 2023 (84.83) to Mar. 2024 (123.75).

Warning Sign:

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

iRay Technology Co Days Sales Outstanding Historical Data

The historical data trend for iRay 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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iRay Technology Co Days Sales Outstanding Chart

iRay Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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112.57

75.33

62.28

75.17

94.12

iRay 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															84.83	94.97	129.87	121.40	123.75

Competitive Comparison of iRay Technology Co's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, iRay 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.

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

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

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

iRay 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.

iRay 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
=	( (356.577	+	604.588)	/	2 )	/	1863.789	*	365
=	480.5825					/	1863.789	*	365
=	94.12

iRay 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
=	( (604.588	+	726.972)	/	2 )	/	490.912	*	365 / 4
=	665.78					/	490.912	*	365 / 4
=	123.75

iRay Technology Co (SHSE:688301) Days Sales Outstanding Explanation

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

iRay Technology Co Days Sales Outstanding Related Terms

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iRay Technology Co (SHSE:688301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRay Technology Co Ltd (SHSE:688301) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.590 Ruiqing Road, Room 202, 2nd Floor, Building 9, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.iraygroup.com

iRay Technology Co Ltd is engaged in development and manufacturing of key X-ray system components used in medical, dental, veterinary and industrial imaging applications. The company's products portfolio includes Wireless Radiography Detectors; Tethered Radiography Detectors; Mammography Detectors; Dynamic/Real-time Detectors; Linear Detector Arrays; Software; and Other.

Executives

	Director
	Directors, senior managers, core technical personn

iRay Technology Co (SHSE:688301) Headlines

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