Zhejiang Runtu Co (SZSE:002440) Days Sales Outstanding : 69.70 (As of Mar. 2024)

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What is Zhejiang Runtu Co Days Sales Outstanding?

Zhejiang Runtu Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥955 Mil. Zhejiang Runtu Co's Revenue for the three months ended in Mar. 2024 was ¥1,251 Mil. Hence, Zhejiang Runtu Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 69.70.

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

SZSE:002440' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.17 Med: 64.39 Max: 90.78
Current: 77.22

During the past 13 years, Zhejiang Runtu Co's highest Days Sales Outstanding was 90.78. The lowest was 46.17. And the median was 64.39.

SZSE:002440's Days Sales Outstanding is ranked worse than
63.24% of 1529 companies
in the Chemicals industry
Industry Median: 64.13 vs SZSE:002440: 77.22

Zhejiang Runtu Co's Days Sales Outstanding increased from Mar. 2023 (67.78) to Mar. 2024 (69.70).

Zhejiang Runtu Co Days Sales Outstanding Historical Data

The historical data trend for Zhejiang Runtu 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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Zhejiang Runtu Co Days Sales Outstanding Chart

Zhejiang Runtu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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62.22

71.08

54.63

46.17

54.20

Zhejiang Runtu 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															67.78	74.78	97.09	70.75	69.70

Competitive Comparison of Zhejiang Runtu Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Zhejiang Runtu 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.

Zhejiang Runtu Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Runtu Co's Days Sales Outstanding distribution charts can be found below:

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

Zhejiang Runtu 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.

Zhejiang Runtu 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
=	( (850.219	+	809.444)	/	2 )	/	5588.465	*	365
=	829.8315					/	5588.465	*	365
=	54.20

Zhejiang Runtu 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
=	( (809.444	+	1101.291)	/	2 )	/	1250.784	*	365 / 4
=	955.3675					/	1250.784	*	365 / 4
=	69.70

Zhejiang Runtu Co (SZSE:002440) Days Sales Outstanding Explanation

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

Zhejiang Runtu Co Days Sales Outstanding Related Terms

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Zhejiang Runtu Co (SZSE:002440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Runtu Co Ltd (SZSE:002440) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

daoxu town, shangyu city, zhejiang province, CHN

Website

http://www.runtuchem.com

Zhejiang Runtu Co Ltd produces and sells disperse, reactive, direct, blended, cation, and original dyes. The company also deals in chemical intermediates, textile auxiliaries, insurance powder, sulfuric acid, chlor-alkali, and hydrogen peroxide.

Executives

Zhao Guo Sheng	Directors, executives
Ruan Jia Chun	Director
Ruan Xing Xiang	Director
Ruan Guang Dong	Directors, executives
Chen He Mei	Independent director
Zhou Cheng Yu	Executives
Xu Wan Fu	Directors, executives
Ruan Jing Bo	Director
Qi Rong Hua	Securities Affairs Representative
Luo Yi Jia	Supervisors
Han Ming Juan	Supervisors
Jing Zhe Hu	Executives
Liu Bo Ping	Securities Affairs Representative
Zhang Tian Fu	Independent director
Ruan Jia Gen	Director

Zhejiang Runtu Co (SZSE:002440) Headlines

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