Beijing Tongyizhong New Material Technology (SHSE:688722) Days Sales Outstanding : 17.63 (As of Jun. 2024)

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What is Beijing Tongyizhong New Material Technology Days Sales Outstanding?

Beijing Tongyizhong New Material Technology's average Accounts Receivable for the three months ended in Jun. 2024 was ¥27.6 Mil. Beijing Tongyizhong New Material Technology's Revenue for the three months ended in Jun. 2024 was ¥143.0 Mil. Hence, Beijing Tongyizhong New Material Technology's Days Sales Outstanding for the three months ended in Jun. 2024 was 17.63.

The historical rank and industry rank for Beijing Tongyizhong New Material Technology's Days Sales Outstanding or its related term are showing as below:

SHSE:688722' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.19 Med: 8.89 Max: 13.73
Current: 13.73

During the past 7 years, Beijing Tongyizhong New Material Technology's highest Days Sales Outstanding was 13.73. The lowest was 6.19. And the median was 8.89.

SHSE:688722's Days Sales Outstanding is ranked better than
93.47% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 51.98 vs SHSE:688722: 13.73

Beijing Tongyizhong New Material Technology's Days Sales Outstanding increased from Jun. 2023 (7.33) to Jun. 2024 (17.63).

Beijing Tongyizhong New Material Technology Days Sales Outstanding Historical Data

The historical data trend for Beijing Tongyizhong New Material Technology'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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Beijing Tongyizhong New Material Technology Days Sales Outstanding Chart

Beijing Tongyizhong New Material Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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6.80

8.89

11.39

6.19

6.42

Beijing Tongyizhong New Material Technology Quarterly Data
	Dec18	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															7.33	8.80	10.38	13.39	17.63

Competitive Comparison of Beijing Tongyizhong New Material Technology's Days Sales Outstanding

For the Textile Manufacturing subindustry, Beijing Tongyizhong New Material Technology'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.

Beijing Tongyizhong New Material Technology's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Beijing Tongyizhong New Material Technology's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Beijing Tongyizhong New Material Technology's Days Sales Outstanding falls into.

Beijing Tongyizhong New Material Technology 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.

Beijing Tongyizhong New Material Technology'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
=	( (7.656	+	14.876)	/	2 )	/	640.324	*	365
=	11.266					/	640.324	*	365
=	6.42

Beijing Tongyizhong New Material Technology'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
=	( (17.843	+	37.396)	/	2 )	/	142.971	*	365 / 4
=	27.6195					/	142.971	*	365 / 4
=	17.63

Beijing Tongyizhong New Material Technology (SHSE:688722) Days Sales Outstanding Explanation

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

Beijing Tongyizhong New Material Technology Days Sales Outstanding Related Terms

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Beijing Tongyizhong New Material Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Beijing Tongyizhong New Material Technology Corp (SHSE:688722) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Factory 901, No. 16, Zhonghe Street, Beijing Economic and Technological Development Zone, Beijing, CHN, 101102

Website

http://www.bjtyz.com

Beijing Tongyizhong New Material Technology Corp is engaged in the research and development, production and sales of ultra-high molecular weight polyethylene fibers and their composite materials.

Beijing Tongyizhong New Material Technology Headlines

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