Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Days Sales Outstanding : 51.57 (As of Mar. 2024)

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What is Solax Power Network Technology (Zhejiang) Co Days Sales Outstanding?

Solax Power Network Technology (Zhejiang) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥387 Mil. Solax Power Network Technology (Zhejiang) Co's Revenue for the three months ended in Mar. 2024 was ¥684 Mil. Hence, Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.57.

The historical rank and industry rank for Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding or its related term are showing as below:

SHSE:688717' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.99 Med: 31.15 Max: 51.71
Current: 51.71

During the past 5 years, Solax Power Network Technology (Zhejiang) Co's highest Days Sales Outstanding was 51.71. The lowest was 14.99. And the median was 31.15.

SHSE:688717's Days Sales Outstanding is ranked better than
64.46% of 982 companies
in the Semiconductors industry
Industry Median: 62.545 vs SHSE:688717: 51.71

Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding increased from Mar. 2023 (21.30) to Mar. 2024 (51.57).

Solax Power Network Technology (Zhejiang) Co Days Sales Outstanding Historical Data

The historical data trend for Solax Power Network Technology (Zhejiang) 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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Solax Power Network Technology (Zhejiang) Co Days Sales Outstanding Chart

Solax Power Network Technology (Zhejiang) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

30.26

31.15

14.99

36.44

33.37

Solax Power Network Technology (Zhejiang) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial							21.30	38.17	77.37	77.56	51.57

Competitive Comparison of Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding

For the Solar subindustry, Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Solax Power Network Technology (Zhejiang) Co's Days Sales Outstanding falls into.

Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) 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
=	( (460.469	+	357.442)	/	2 )	/	4472.96	*	365
=	408.9555					/	4472.96	*	365
=	33.37

Solax Power Network Technology (Zhejiang) 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
=	( (357.442	+	416.028)	/	2 )	/	684.282	*	365 / 4
=	386.735					/	684.282	*	365 / 4
=	51.57

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Days Sales Outstanding Explanation

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

Solax Power Network Technology (Zhejiang) Co Days Sales Outstanding Related Terms

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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solax Power Network Technology (Zhejiang) Co Ltd (SHSE:688717) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

https://www.solaxpower.com.cn

Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Headlines

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