Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Days Sales Outstanding : 296.73 (As of Mar. 2024)

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What is Shanghai SK Petroleum & Chemical Equipment Days Sales Outstanding?

Shanghai SK Petroleum & Chemical Equipment's average Accounts Receivable for the three months ended in Mar. 2024 was ¥463.1 Mil. Shanghai SK Petroleum & Chemical Equipment's Revenue for the three months ended in Mar. 2024 was ¥142.4 Mil. Hence, Shanghai SK Petroleum & Chemical Equipment's Days Sales Outstanding for the three months ended in Mar. 2024 was 296.73.

The historical rank and industry rank for Shanghai SK Petroleum & Chemical Equipment's Days Sales Outstanding or its related term are showing as below:

SZSE:002278' s Days Sales Outstanding Range Over the Past 10 Years
Min: 184.18 Med: 259.98 Max: 445.83
Current: 236.22

During the past 13 years, Shanghai SK Petroleum & Chemical Equipment's highest Days Sales Outstanding was 445.83. The lowest was 184.18. And the median was 259.98.

SZSE:002278's Days Sales Outstanding is ranked worse than
94.12% of 2957 companies
in the Industrial Products industry
Industry Median: 79.63 vs SZSE:002278: 236.22

Shanghai SK Petroleum & Chemical Equipment's Days Sales Outstanding increased from Mar. 2023 (294.84) to Mar. 2024 (296.73).

Shanghai SK Petroleum & Chemical Equipment Days Sales Outstanding Historical Data

The historical data trend for Shanghai SK Petroleum & Chemical Equipment'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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Shanghai SK Petroleum & Chemical Equipment Days Sales Outstanding Chart

Shanghai SK Petroleum & Chemical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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198.44

184.18

198.05

291.75

229.33

Shanghai SK Petroleum & Chemical Equipment 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															294.84	218.52	272.44	190.90	296.73

Competitive Comparison of Shanghai SK Petroleum & Chemical Equipment's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Shanghai SK Petroleum & Chemical Equipment'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.

Shanghai SK Petroleum & Chemical Equipment's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai SK Petroleum & Chemical Equipment's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghai SK Petroleum & Chemical Equipment's Days Sales Outstanding falls into.

Shanghai SK Petroleum & Chemical Equipment 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.

Shanghai SK Petroleum & Chemical Equipment'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
=	( (470.926	+	463.589)	/	2 )	/	743.671	*	365
=	467.2575					/	743.671	*	365
=	229.33

Shanghai SK Petroleum & Chemical Equipment'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
=	( (463.589	+	462.665)	/	2 )	/	142.418	*	365 / 4
=	463.127					/	142.418	*	365 / 4
=	296.73

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Days Sales Outstanding Explanation

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

Shanghai SK Petroleum & Chemical Equipment Days Sales Outstanding Related Terms

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Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai SK Petroleum & Chemical Equipment Corp Ltd (SZSE:002278) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114

Website

http://www.shenkai.com

Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.

Executives

Li Fang Ying	Director
Zhang Guan Jun	Independent director
Tang Wei Min	Executives
Jiang Gan Hong	Supervisors
Zhao Xin Yi	Executives
Gu Cheng Yu	Directors, executives
Huang Jia Liu	Director
Wang Xiang Wei	Director
Kou Yu Ting	Directors, executives
Gu Bing	Directors, Directors, and Executives
Yuan Jian Xin	Director
Wang Min	Executives
Chen Zhi Min	Supervisors
Gu Zheng	Director
Hu Shou Jun	Independent director

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Headlines

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