Qifeng New Material Co (SZSE:002521) Days Sales Outstanding : 71.56 (As of Mar. 2024)

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What is Qifeng New Material Co Days Sales Outstanding?

Qifeng New Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥676 Mil. Qifeng New Material Co's Revenue for the three months ended in Mar. 2024 was ¥862 Mil. Hence, Qifeng New Material Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 71.56.

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

SZSE:002521' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.95 Med: 69.99 Max: 97.73
Current: 70.5

During the past 13 years, Qifeng New Material Co's highest Days Sales Outstanding was 97.73. The lowest was 38.95. And the median was 69.99.

SZSE:002521's Days Sales Outstanding is ranked worse than
71.33% of 286 companies
in the Forest Products industry
Industry Median: 53.98 vs SZSE:002521: 70.50

Qifeng New Material Co's Days Sales Outstanding declined from Mar. 2023 (76.98) to Mar. 2024 (71.56).

Qifeng New Material Co Days Sales Outstanding Historical Data

The historical data trend for Qifeng New Material 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.

* Premium members only.

Qifeng New Material Co Days Sales Outstanding Chart

Qifeng New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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89.33

97.73

68.57

79.45

68.76

Qifeng New Material 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															76.98	70.96	73.45	71.99	71.56

Competitive Comparison of Qifeng New Material Co's Days Sales Outstanding

For the Paper & Paper Products subindustry, Qifeng New Material 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.

Qifeng New Material Co's Days Sales Outstanding Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Qifeng New Material Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Qifeng New Material Co's Days Sales Outstanding falls into.

Qifeng New Material 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.

Qifeng New Material 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
=	( (691.02	+	688.282)	/	2 )	/	3660.824	*	365
=	689.651					/	3660.824	*	365
=	68.76

Qifeng New Material 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
=	( (688.282	+	663.536)	/	2 )	/	861.909	*	365 / 4
=	675.909					/	861.909	*	365 / 4
=	71.56

Qifeng New Material Co (SZSE:002521) Days Sales Outstanding Explanation

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

Qifeng New Material Co Days Sales Outstanding Related Terms

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Qifeng New Material Co (SZSE:002521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Qifeng New Material Co Ltd (SZSE:002521) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No. 22, Qifeng Road, Zhutai Town, Linzi District, Zibo City, CHN, 255432

Website

http://www.qifeng.cn

Qifeng New Material Co Ltd researches develop, manufactures, and supplies decorative base papers, overlay papers, non-woven wall base papers, and flicker overlay papers in China. It also exports its products to different countries and regions.

Executives

Li An Dong	Directors, executives
Sun Wen Rong	Executives
Yao Yan Lei	Secretary Dong
Zhu Hong Sheng	Directors, executives
Li Wen Hai	Directors, executives
Zhang Shu Fang	Executives
Li Xian Ming	Executives
Li An Le	Executives
Li Xue Feng	Director
Liu Yong Gang	Supervisors
Zhang Ren Fu	Director
Mu Shou Jing	Supervisors
Zhang Xiang Zeng	Director
Li Bing Quan	Directors, executives

Qifeng New Material Co (SZSE:002521) Headlines

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