Chongqing Hifuture Information Technology Co (SZSE:002168) Days Sales Outstanding : 528.59 (As of Mar. 2024)

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What is Chongqing Hifuture Information Technology Co Days Sales Outstanding?

Chongqing Hifuture Information Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥181.0 Mil. Chongqing Hifuture Information Technology Co's Revenue for the three months ended in Mar. 2024 was ¥31.2 Mil. Hence, Chongqing Hifuture Information Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 528.59.

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

SZSE:002168' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.5 Med: 138.4 Max: 200.67
Current: 200.67

During the past 13 years, Chongqing Hifuture Information Technology Co's highest Days Sales Outstanding was 200.67. The lowest was 53.50. And the median was 138.40.

SZSE:002168's Days Sales Outstanding is ranked worse than
91.87% of 2952 companies
in the Industrial Products industry
Industry Median: 79.815 vs SZSE:002168: 200.67

Chongqing Hifuture Information Technology Co's Days Sales Outstanding increased from Mar. 2023 (179.05) to Mar. 2024 (528.59).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Chongqing Hifuture Information Technology Co Days Sales Outstanding Historical Data

The historical data trend for Chongqing Hifuture Information Technology 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 Hifuture Information Technology Co Days Sales Outstanding Chart

Chongqing Hifuture Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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117.23

101.40

123.91

150.14

191.28

Chongqing Hifuture Information Technology 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															179.05	164.79	239.58	110.42	528.59

Competitive Comparison of Chongqing Hifuture Information Technology Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Chongqing Hifuture Information Technology 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 Hifuture Information Technology Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Hifuture Information Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Chongqing Hifuture Information Technology Co's Days Sales Outstanding falls into.

Chongqing Hifuture Information Technology 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 Hifuture Information Technology 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
=	( (91.789	+	174.597)	/	2 )	/	254.162	*	365
=	133.193					/	254.162	*	365
=	191.28

Chongqing Hifuture Information Technology 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
=	( (174.597	+	187.395)	/	2 )	/	31.245	*	365 / 4
=	180.996					/	31.245	*	365 / 4
=	528.59

Chongqing Hifuture Information Technology Co (SZSE:002168) 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 Hifuture Information Technology Co Days Sales Outstanding Related Terms

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Chongqing Hifuture Information Technology Co (SZSE:002168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Hifuture Information Technology Co Ltd (SZSE:002168) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Lanjing North Road, Hifuture science and Technology Park, Longgang District, Pingshan, CHN, 518118

Website

http://www.hifuture.com

Shenzhen Hifuture Electric Co Ltd is specialized in the development, production, sales, installation, and distribution of network integrated solutions of electrical equipment. It offers a wide range of products, including medium and low voltage cable connection boxes with totally-enclosed and totally-insulated, cable joint boxes, silicone rubber cable accessories, cable plugs and other silicone rubber insulation products, as well as SMC electrical equipment enclosures.

Executives

Chen Dan	Director
	Director
Shen Xiao Chao	Director
Fang Li	Executives
Xu Hai Xiao	Directors, executives
Zhang Jing	Directors, executives
Wang Chao Yong	Director
Zhan Wei Zai	Independent director
Ren Jin Sheng	Director
Lv Feng Hua	Director
He Ping	Directors, executives
Zhao Yu Mei	Supervisors
Zhang Guo Gang	Executives
Kuang Xiao Ming	Directors, executives
He Feng	Executives

Chongqing Hifuture Information Technology Co (SZSE:002168) Headlines

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