Chongqing Changan Automobile Co (SZSE:000625) Days Sales Outstanding : 7.01 (As of Mar. 2024)

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What is Chongqing Changan Automobile Co Days Sales Outstanding?

Chongqing Changan Automobile Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,844 Mil. Chongqing Changan Automobile Co's Revenue for the three months ended in Mar. 2024 was ¥37,023 Mil. Hence, Chongqing Changan Automobile Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 7.01.

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

SZSE:000625' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.47 Med: 6.52 Max: 8.85
Current: 6.02

During the past 13 years, Chongqing Changan Automobile Co's highest Days Sales Outstanding was 8.85. The lowest was 4.47. And the median was 6.52.

SZSE:000625's Days Sales Outstanding is ranked better than
97.01% of 1271 companies
in the Vehicles & Parts industry
Industry Median: 60.7 vs SZSE:000625: 6.02

Chongqing Changan Automobile Co's Days Sales Outstanding increased from Mar. 2023 (6.48) to Mar. 2024 (7.01).

Chongqing Changan Automobile Co Days Sales Outstanding Historical Data

The historical data trend for Chongqing Changan Automobile 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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Chongqing Changan Automobile Co Days Sales Outstanding Chart

Chongqing Changan Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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5.81

6.43

6.62

7.14

6.61

Chongqing Changan Automobile 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															6.48	6.37	5.50	5.38	7.01

Competitive Comparison of Chongqing Changan Automobile Co's Days Sales Outstanding

For the Auto Manufacturers subindustry, Chongqing Changan Automobile 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.

Chongqing Changan Automobile Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Changan Automobile Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chongqing Changan Automobile Co's Days Sales Outstanding falls into.

Chongqing Changan Automobile 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.

Chongqing Changan Automobile 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
=	( (3068.414	+	2411.796)	/	2 )	/	151297.707	*	365
=	2740.105					/	151297.707	*	365
=	6.61

Chongqing Changan Automobile 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
=	( (2411.796	+	3276.719)	/	2 )	/	37023.223	*	365 / 4
=	2844.2575					/	37023.223	*	365 / 4
=	7.01

Chongqing Changan Automobile Co (SZSE:000625) Days Sales Outstanding Explanation

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

Chongqing Changan Automobile Co Days Sales Outstanding Related Terms

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Chongqing Changan Automobile Co (SZSE:000625) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Changan Automobile Co Ltd (SZSE:000625) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

200625:China

Address

No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023

Website

https://www.changan.com.cn

Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.

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