Rare Earth Magnesium Technology Group Holdings (STU:GPS) Days Sales Outstanding : 1.89 (As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings Days Sales Outstanding?

Rare Earth Magnesium Technology Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was €0.20 Mil. Rare Earth Magnesium Technology Group Holdings's Revenue for the six months ended in Dec. 2023 was €18.84 Mil. Hence, Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 1.89.

The historical rank and industry rank for Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding or its related term are showing as below:

STU:GPS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.18 Med: 56.04 Max: 138.04
Current: 2.23

During the past 13 years, Rare Earth Magnesium Technology Group Holdings's highest Days Sales Outstanding was 138.04. The lowest was 2.18. And the median was 56.04.

STU:GPS's Days Sales Outstanding is not ranked
in the Metals & Mining industry.
Industry Median: 42.7 vs STU:GPS: 2.23

Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding declined from Dec. 2022 (40.07) to Dec. 2023 (1.89).

Rare Earth Magnesium Technology Group Holdings Days Sales Outstanding Historical Data

The historical data trend for Rare Earth Magnesium Technology Group Holdings'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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Rare Earth Magnesium Technology Group Holdings Days Sales Outstanding Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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42.53

79.72

133.28

67.23

2.22

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															115.80	77.63	40.07	2.85	1.89

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group Holdings'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.

Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding falls into.

Rare Earth Magnesium Technology Group Holdings 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.

Rare Earth Magnesium Technology Group Holdings'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
=	( (0.182	+	0.194)	/	2 )	/	30.938	*	365
=	0.188					/	30.938	*	365
=	2.22

Rare Earth Magnesium Technology Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.197	+	0.194)	/	2 )	/	18.844	*	365 / 2
=	0.1955					/	18.844	*	365 / 2
=	1.89

Rare Earth Magnesium Technology Group Holdings (STU:GPS) Days Sales Outstanding Explanation

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

Rare Earth Magnesium Technology Group Holdings Days Sales Outstanding Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Earth Magnesium Technology Group Holdings Ltd (STU:GPS) » Definitions » Days Sales Outstanding

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00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.