Hi-Trend Technology (Shanghai) Co (SHSE:688391) Days Sales Outstanding : 32.75 (As of Mar. 2024)

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What is Hi-Trend Technology (Shanghai) Co Days Sales Outstanding?

Hi-Trend Technology (Shanghai) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥45.3 Mil. Hi-Trend Technology (Shanghai) Co's Revenue for the three months ended in Mar. 2024 was ¥126.3 Mil. Hence, Hi-Trend Technology (Shanghai) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.75.

The historical rank and industry rank for Hi-Trend Technology (Shanghai) Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688391' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.3 Med: 22 Max: 33.79
Current: 32.86

During the past 13 years, Hi-Trend Technology (Shanghai) Co's highest Days Sales Outstanding was 33.79. The lowest was 11.30. And the median was 22.00.

SHSE:688391's Days Sales Outstanding is ranked better than
87.26% of 981 companies
in the Semiconductors industry
Industry Median: 62.55 vs SHSE:688391: 32.86

Hi-Trend Technology (Shanghai) Co's Days Sales Outstanding increased from Mar. 2023 (21.69) to Mar. 2024 (32.75).

Hi-Trend Technology (Shanghai) Co Days Sales Outstanding Historical Data

The historical data trend for Hi-Trend Technology (Shanghai) 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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Hi-Trend Technology (Shanghai) Co Days Sales Outstanding Chart

Hi-Trend Technology (Shanghai) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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14.17

16.33

12.22

11.30

22.48

Hi-Trend Technology (Shanghai) Co Quarterly Data
	Dec14	Jun15	Dec15	Dec16	Jun17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															21.69	26.19	38.26	43.99	32.75

Competitive Comparison of Hi-Trend Technology (Shanghai) Co's Days Sales Outstanding

For the Semiconductors subindustry, Hi-Trend Technology (Shanghai) 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.

Hi-Trend Technology (Shanghai) Co's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hi-Trend Technology (Shanghai) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hi-Trend Technology (Shanghai) Co's Days Sales Outstanding falls into.

Hi-Trend Technology (Shanghai) 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.

Hi-Trend Technology (Shanghai) 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
=	( (30.882	+	43.401)	/	2 )	/	603.046	*	365
=	37.1415					/	603.046	*	365
=	22.48

Hi-Trend Technology (Shanghai) 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
=	( (43.401	+	47.225)	/	2 )	/	126.259	*	365 / 4
=	45.313					/	126.259	*	365 / 4
=	32.75

Hi-Trend Technology (Shanghai) Co (SHSE:688391) Days Sales Outstanding Explanation

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

Hi-Trend Technology (Shanghai) Co Days Sales Outstanding Related Terms

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Hi-Trend Technology (Shanghai) Co (SHSE:688391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hi-Trend Technology (Shanghai) Co Ltd (SHSE:688391) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1388 Zhangdong Road, Room 101, Building 16, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.hitrendtech.com

Hi-Trend Technology (Shanghai) Co Ltd is engaged in the research and development, design and sales of smart grid terminal equipment chips.

Executives

Yang Shi Cong	Director
Zhang Xu Ming	Senior management, core technical personnel
Zheng Wen Chang	senior management
Wang Yong	Core technical personnel

Hi-Trend Technology (Shanghai) Co (SHSE:688391) Headlines

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