Qingdao NovelBeam Technology Co (SHSE:688677) Days Sales Outstanding : 79.94 (As of Jun. 2024)

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What is Qingdao NovelBeam Technology Co Days Sales Outstanding?

Qingdao NovelBeam Technology Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥90.0 Mil. Qingdao NovelBeam Technology Co's Revenue for the three months ended in Jun. 2024 was ¥102.8 Mil. Hence, Qingdao NovelBeam Technology Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 79.94.

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

SHSE:688677' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.47 Med: 64.43 Max: 99.03
Current: 76.97

During the past 9 years, Qingdao NovelBeam Technology Co's highest Days Sales Outstanding was 99.03. The lowest was 39.47. And the median was 64.43.

SHSE:688677's Days Sales Outstanding is ranked worse than
62.8% of 820 companies
in the Medical Devices & Instruments industry
Industry Median: 65.17 vs SHSE:688677: 76.97

Qingdao NovelBeam Technology Co's Days Sales Outstanding increased from Jun. 2023 (78.24) to Jun. 2024 (79.94).

Qingdao NovelBeam Technology Co Days Sales Outstanding Historical Data

The historical data trend for Qingdao NovelBeam 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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Qingdao NovelBeam Technology Co Days Sales Outstanding Chart

Qingdao NovelBeam Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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45.27

53.22

64.43

67.66

76.93

Qingdao NovelBeam Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															78.24	76.61	84.03	64.83	79.94

Competitive Comparison of Qingdao NovelBeam Technology Co's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Qingdao NovelBeam 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.

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

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

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

Qingdao NovelBeam 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.

Qingdao NovelBeam 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
=	( (114.319	+	84.054)	/	2 )	/	470.597	*	365
=	99.1865					/	470.597	*	365
=	76.93

Qingdao NovelBeam Technology Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (83.12	+	96.952)	/	2 )	/	102.774	*	365 / 4
=	90.036					/	102.774	*	365 / 4
=	79.94

Qingdao NovelBeam Technology Co (SHSE:688677) Days Sales Outstanding Explanation

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

Qingdao NovelBeam Technology Co Days Sales Outstanding Related Terms

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Qingdao NovelBeam Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Qingdao NovelBeam Technology Co Ltd (SHSE:688677) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Weisi Road, Keyuan, Laoshan District, Shandong Province, Qingdao, CHN, 266100

Website

http://www.novelbeam.com

Qingdao NovelBeam Technology Co Ltd is engaged in the research and development, production and sales of medical endoscope equipment and optical products. The product portfolio of the group includes Endoscope, Camera coupler, Camera lens, Medical optics, Biometrics and others.

Executives

Wang Fang Hua	senior management
Mao Rong Zhuang	Core technical personnel
Zheng Jin Lan	Supervisors

Qingdao NovelBeam Technology Co Headlines

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