New Journey Health Technology Group Co (SZSE:002219) Days Sales Outstanding : 111.52 (As of Mar. 2024)

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What is New Journey Health Technology Group Co Days Sales Outstanding?

New Journey Health Technology Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,054 Mil. New Journey Health Technology Group Co's Revenue for the three months ended in Mar. 2024 was ¥863 Mil. Hence, New Journey Health Technology Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 111.52.

The historical rank and industry rank for New Journey Health Technology Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002219' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.16 Med: 123.75 Max: 157.16
Current: 97.46

During the past 13 years, New Journey Health Technology Group Co's highest Days Sales Outstanding was 157.16. The lowest was 68.16. And the median was 123.75.

SZSE:002219's Days Sales Outstanding is ranked worse than
72.85% of 998 companies
in the Drug Manufacturers industry
Industry Median: 71.84 vs SZSE:002219: 97.46

New Journey Health Technology Group Co's Days Sales Outstanding increased from Mar. 2023 (91.73) to Mar. 2024 (111.52).

New Journey Health Technology Group Co Days Sales Outstanding Historical Data

The historical data trend for New Journey Health Technology Group 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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New Journey Health Technology Group Co Days Sales Outstanding Chart

New Journey Health Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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100.87

72.79

68.16

75.77

90.36

New Journey Health Technology Group 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															91.73	99.76	99.50	84.88	111.52

Competitive Comparison of New Journey Health Technology Group Co's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, New Journey Health Technology Group 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.

New Journey Health Technology Group Co's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, New Journey Health Technology Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where New Journey Health Technology Group Co's Days Sales Outstanding falls into.

New Journey Health Technology Group 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.

New Journey Health Technology Group 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
=	( (754.761	+	1023.067)	/	2 )	/	3590.482	*	365
=	888.914					/	3590.482	*	365
=	90.36

New Journey Health Technology Group 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
=	( (1023.067	+	1085.859)	/	2 )	/	862.838	*	365 / 4
=	1054.463					/	862.838	*	365 / 4
=	111.52

New Journey Health Technology Group Co (SZSE:002219) Days Sales Outstanding Explanation

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

New Journey Health Technology Group Co Days Sales Outstanding Related Terms

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New Journey Health Technology Group Co (SZSE:002219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » New Journey Health Technology Group Co Ltd (SZSE:002219) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Duyiyi Industrial Park, Wangba, Kang County, Gansu Province, Longnan, CHN, 610000

Website

http://www.hkmg.com

New Journey Health Technology Group Co Ltd formerly Hengkang Medical Group Co Ltd is engaged in research, development, and manufacturing of natural herbal medicines. The company's products include analgesic and haemostatic drugs.

Executives

Song Li Hua	Directors, executives
Yu Mei	Directors, executives
Wang Yong	Executives
Zuo Bin Lin	Executives
Tang Can	Director
Duan Zhi Ping	Director
Zhou Xian Min	Director
Guo Kai	Executives

Xie Hai	Executives
Shi Xiao Ming	Executives
Li Yu Fei	Supervisors
Huang Rui	Directors, executives
Pan Yu	Supervisors
Liao Li Dong	Executives

New Journey Health Technology Group Co (SZSE:002219) Headlines

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