Shandong Mining Machinery Group Co (SZSE:002526) Days Sales Outstanding : 282.43 (As of Mar. 2024)

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What is Shandong Mining Machinery Group Co Days Sales Outstanding?

Shandong Mining Machinery Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,287 Mil. Shandong Mining Machinery Group Co's Revenue for the three months ended in Mar. 2024 was ¥416 Mil. Hence, Shandong Mining Machinery Group Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 282.43.

The historical rank and industry rank for Shandong Mining Machinery Group Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002526' s Days Sales Outstanding Range Over the Past 10 Years
Min: 106.34 Med: 140.34 Max: 341.98
Current: 175.06

During the past 13 years, Shandong Mining Machinery Group Co's highest Days Sales Outstanding was 341.98. The lowest was 106.34. And the median was 140.34.

SZSE:002526's Days Sales Outstanding is ranked worse than
88.61% of 2959 companies
in the Industrial Products industry
Industry Median: 79.62 vs SZSE:002526: 175.06

Shandong Mining Machinery Group Co's Days Sales Outstanding increased from Mar. 2023 (169.55) to Mar. 2024 (282.43).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Shandong Mining Machinery Group Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Mining Machinery 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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Shandong Mining Machinery Group Co Days Sales Outstanding Chart

Shandong Mining Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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106.34

108.91

108.88

130.53

150.15

Shandong Mining Machinery 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															169.55	121.52	149.57	228.93	282.43

Competitive Comparison of Shandong Mining Machinery Group Co's Days Sales Outstanding

For the Specialty Industrial Machinery subindustry, Shandong Mining Machinery 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.

Shandong Mining Machinery Group Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Mining Machinery Group Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Mining Machinery Group Co's Days Sales Outstanding falls into.

Shandong Mining Machinery 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.

Shandong Mining Machinery 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
=	( (970.675	+	1248.798)	/	2 )	/	2697.573	*	365
=	1109.7365					/	2697.573	*	365
=	150.15

Shandong Mining Machinery 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
=	( (1248.798	+	1324.233)	/	2 )	/	415.665	*	365 / 4
=	1286.5155					/	415.665	*	365 / 4
=	282.43

Shandong Mining Machinery Group Co (SZSE:002526) Days Sales Outstanding Explanation

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

Shandong Mining Machinery Group Co Days Sales Outstanding Related Terms

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Shandong Mining Machinery Group Co (SZSE:002526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Mining Machinery Group Co Ltd (SZSE:002526) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mining Machinery Industrial Park, Economic Development Zone, Changle County, Shandong province, Weifang, CHN

Website

http://www.sdkjjt.com

Shandong Mining Machinery Group Co Ltd manufactures and sells various machinery for coal mining, coal washing, mine safety, brick-making, post press packaging, and unmanned aviation industries in China. Its product portfolio comprises UAV, turbojet engines, and aero engines; and robots, 3D printing machines, workshop logistics automation systems, automatic cleaning and die cutting machines, and engineering robots.

Shandong Mining Machinery Group Co (SZSE:002526) Headlines

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