Cedar Development Co (SZSE:002485) Days Sales Outstanding : 13.33 (As of Mar. 2024)

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What is Cedar Development Co Days Sales Outstanding?

Cedar Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥24.4 Mil. Cedar Development Co's Revenue for the three months ended in Mar. 2024 was ¥167.4 Mil. Hence, Cedar Development Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 13.33.

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

SZSE:002485' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.35 Med: 78.51 Max: 200.8
Current: 36.68

During the past 13 years, Cedar Development Co's highest Days Sales Outstanding was 200.80. The lowest was 36.35. And the median was 78.51.

SZSE:002485's Days Sales Outstanding is ranked better than
69.92% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 52.765 vs SZSE:002485: 36.68

Cedar Development Co's Days Sales Outstanding declined from Mar. 2023 (67.09) to Mar. 2024 (13.33).

Cedar Development Co Days Sales Outstanding Historical Data

The historical data trend for Cedar Development 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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Cedar Development Co Days Sales Outstanding Chart

Cedar Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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36.89

92.47

58.96

36.35

42.92

Cedar Development 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															67.09	33.52	53.09	58.17	13.33

Competitive Comparison of Cedar Development Co's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Cedar Development 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.

Cedar Development Co's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cedar Development Co's Days Sales Outstanding distribution charts can be found below:

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

Cedar Development 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.

Cedar Development 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
=	( (151.602	+	26.72)	/	2 )	/	758.182	*	365
=	89.161					/	758.182	*	365
=	42.92

Cedar Development 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
=	( (26.72	+	22.179)	/	2 )	/	167.35	*	365 / 4
=	24.4495					/	167.35	*	365 / 4
=	13.33

Cedar Development Co (SZSE:002485) Days Sales Outstanding Explanation

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

Cedar Development Co Days Sales Outstanding Related Terms

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Cedar Development Co (SZSE:002485) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cedar Development Co Ltd (SZSE:002485) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7877, Shunwang Avenue, Shunwang Street, Shandong Province, Zhucheng, CHN, 262200

Website

http://www.sinoer.com

Cedar Development Co Ltd formerly Sinoer Men's Wear Co Ltd designs produce and sales suits, shirts, and apparel products. Its products include men's suits, trousers, shirts, and coats; T-shirts, jackets, and long-sleeved shirts; and women's coats, as well as other clothing products. The company distributes its products in domestic market and to overseas markets.

Executives

Wu Tie Ji	Supervisors
Wang Jin Bin	Executives
Wang Gui Bo	Director
Xu Guang Ning	Director

Cedar Development Co (SZSE:002485) Headlines

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