Wedge Industrial Co (SZSE:000534) Days Sales Outstanding : 111.44 (As of Mar. 2024)

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What is Wedge Industrial Co Days Sales Outstanding?

Wedge Industrial Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥354.8 Mil. Wedge Industrial Co's Revenue for the three months ended in Mar. 2024 was ¥290.5 Mil. Hence, Wedge Industrial Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 111.44.

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

SZSE:000534' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.09 Med: 70.1 Max: 114.92
Current: 114.92

During the past 13 years, Wedge Industrial Co's highest Days Sales Outstanding was 114.92. The lowest was 3.09. And the median was 70.10.

SZSE:000534's Days Sales Outstanding is ranked worse than
82.94% of 504 companies
in the Utilities - Regulated industry
Industry Median: 53.835 vs SZSE:000534: 114.92

Wedge Industrial Co's Days Sales Outstanding increased from Mar. 2023 (79.98) to Mar. 2024 (111.44).

Wedge Industrial Co Days Sales Outstanding Historical Data

The historical data trend for Wedge Industrial 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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Wedge Industrial Co Days Sales Outstanding Chart

Wedge Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.29

76.05

69.91

76.35

97.28

Wedge Industrial 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															79.98	128.12	101.44	112.05	111.44

Competitive Comparison of Wedge Industrial Co's Days Sales Outstanding

For the Utilities - Regulated Electric subindustry, Wedge Industrial 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.

Wedge Industrial Co's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Wedge Industrial Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Wedge Industrial Co's Days Sales Outstanding falls into.

Wedge Industrial 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.

Wedge Industrial 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
=	( (203.097	+	320.024)	/	2 )	/	981.439	*	365
=	261.5605					/	981.439	*	365
=	97.28

Wedge Industrial 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
=	( (320.024	+	389.521)	/	2 )	/	290.486	*	365 / 4
=	354.7725					/	290.486	*	365 / 4
=	111.44

Wedge Industrial Co (SZSE:000534) Days Sales Outstanding Explanation

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

Wedge Industrial Co Days Sales Outstanding Related Terms

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Wedge Industrial Co (SZSE:000534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Wedge Industrial Co Ltd (SZSE:000534) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23 Zhuchi Road, 8th Floor, Block B, Guangming Building, Shantou, Guangdong, CHN, 515041

Website

http://www.wedgeind.com

Wedge Industrial Co Ltd is engaged in the in the development and distribution of real estate properties. Further, it is also involved in the manufactures and distributes electric power and steam in the Guangdong Province of China.

Wedge Industrial Co (SZSE:000534) Headlines

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