Tangshan Jidong Cement Co (SZSE:000401) Days Sales Outstanding : 57.22 (As of Mar. 2024)

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What is Tangshan Jidong Cement Co Days Sales Outstanding?

Tangshan Jidong Cement Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,095 Mil. Tangshan Jidong Cement Co's Revenue for the three months ended in Mar. 2024 was ¥3,341 Mil. Hence, Tangshan Jidong Cement Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 57.22.

The historical rank and industry rank for Tangshan Jidong Cement Co's Days Sales Outstanding or its related term are showing as below:

SZSE:000401' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.04 Med: 25.99 Max: 53.34
Current: 30.55

During the past 13 years, Tangshan Jidong Cement Co's highest Days Sales Outstanding was 53.34. The lowest was 16.04. And the median was 25.99.

SZSE:000401's Days Sales Outstanding is ranked better than
76.96% of 382 companies
in the Building Materials industry
Industry Median: 54.575 vs SZSE:000401: 30.55

Tangshan Jidong Cement Co's Days Sales Outstanding increased from Mar. 2023 (33.57) to Mar. 2024 (57.22).

Tangshan Jidong Cement Co Days Sales Outstanding Historical Data

The historical data trend for Tangshan Jidong Cement 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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Tangshan Jidong Cement Co Days Sales Outstanding Chart

Tangshan Jidong Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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23.15

20.57

16.87

16.04

24.14

Tangshan Jidong Cement Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															33.57	21.78	27.24	34.86	57.22

Competitive Comparison of Tangshan Jidong Cement Co's Days Sales Outstanding

For the Building Materials subindustry, Tangshan Jidong Cement 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.

Tangshan Jidong Cement Co's Days Sales Outstanding Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tangshan Jidong Cement Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Tangshan Jidong Cement Co's Days Sales Outstanding falls into.

Tangshan Jidong Cement 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.

Tangshan Jidong Cement 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
=	( (1649.344	+	2085.896)	/	2 )	/	28235.147	*	365
=	1867.62					/	28235.147	*	365
=	24.14

Tangshan Jidong Cement 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
=	( (2085.896	+	2104.09)	/	2 )	/	3340.72	*	365 / 4
=	2094.993					/	3340.72	*	365 / 4
=	57.22

Tangshan Jidong Cement Co (SZSE:000401) Days Sales Outstanding Explanation

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

Tangshan Jidong Cement Co Days Sales Outstanding Related Terms

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Tangshan Jidong Cement Co (SZSE:000401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tangshan Jidong Cement Co Ltd (SZSE:000401) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Linyin Road, Fengrun District, Hebei Province, Tangshan, CHN, 064000

Website

http://www.jdsn.com.cn

Tangshan Jidong Cement Co Ltd is a China-based company engages in the manufacturing and selling of cement and clinker. Its products and services include English and American standard Portland cement, road Portland cement, slag Portland cement, and compound cement as well as logistics services. Its products are mainly used in the civil engineering, hydraulic construction, national defense and other projects.

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