Zhejiang Shuangyuan Technology Co (SHSE:688623) Days Sales Outstanding : 138.37 (As of Mar. 2024)

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What is Zhejiang Shuangyuan Technology Co Days Sales Outstanding?

Zhejiang Shuangyuan Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥129.7 Mil. Zhejiang Shuangyuan Technology Co's Revenue for the three months ended in Mar. 2024 was ¥85.5 Mil. Hence, Zhejiang Shuangyuan Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 138.37.

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

SHSE:688623' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.29 Med: 47.35 Max: 108.42
Current: 108.42

During the past 5 years, Zhejiang Shuangyuan Technology Co's highest Days Sales Outstanding was 108.42. The lowest was 33.29. And the median was 47.35.

SHSE:688623's Days Sales Outstanding is ranked worse than
70.85% of 2957 companies
in the Industrial Products industry
Industry Median: 79.67 vs SHSE:688623: 108.42

Zhejiang Shuangyuan Technology Co's Days Sales Outstanding increased from Mar. 2023 (84.85) to Mar. 2024 (138.37).

Warning Sign:

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

Zhejiang Shuangyuan Technology Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Shuangyuan 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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Zhejiang Shuangyuan Technology Co Days Sales Outstanding Chart

Zhejiang Shuangyuan Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

47.35

33.29

45.49

73.98

90.66

Zhejiang Shuangyuan Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial								84.85	78.04	95.29	147.78	138.37

Competitive Comparison of Zhejiang Shuangyuan Technology Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Zhejiang Shuangyuan 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.

Zhejiang Shuangyuan Technology Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Shuangyuan Technology Co's Days Sales Outstanding distribution charts can be found below:

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

Zhejiang Shuangyuan 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.

Zhejiang Shuangyuan 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
=	( (99.263	+	113.945)	/	2 )	/	429.212	*	365
=	106.604					/	429.212	*	365
=	90.66

Zhejiang Shuangyuan 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
=	( (113.945	+	145.42)	/	2 )	/	85.519	*	365 / 4
=	129.6825					/	85.519	*	365 / 4
=	138.37

Zhejiang Shuangyuan Technology Co (SHSE:688623) Days Sales Outstanding Explanation

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

Zhejiang Shuangyuan Technology Co Days Sales Outstanding Related Terms

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Zhejiang Shuangyuan Technology Co (SHSE:688623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Shuangyuan Technology Co Ltd (SHSE:688623) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1418, Moganshan Road, Building 41-2, Zhejiang Shuangyuan Technology Building, Zhejiang Province, Hangzhou, CHN, 310015

Website

http://www.zjusy.com

Zhejiang Shuangyuan Technology Co Ltd is specialized in the research and development of online automatic measurement and control of product quality in the production process and machine vision application technology. The company mainly produces product quality automatic measurement and control systems and machine vision inspection systems, which are widely used in many industries such as new energy, metal foil materials, medical hygiene materials, films, non-woven fabric hygiene materials, papermaking, and food. worldwide.

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