Kangda New Materials (Group) Co (SZSE:002669) Days Sales Outstanding : 200.03 (As of Sep. 2024)

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What is Kangda New Materials (Group) Co Days Sales Outstanding?

Kangda New Materials (Group) Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥1,790 Mil. Kangda New Materials (Group) Co's Revenue for the three months ended in Sep. 2024 was ¥816 Mil. Hence, Kangda New Materials (Group) Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 200.03.

The historical rank and industry rank for Kangda New Materials (Group) Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002669' s Days Sales Outstanding Range Over the Past 10 Years
Min: 107.32 Med: 149.11 Max: 197.81
Current: 197.81

During the past 13 years, Kangda New Materials (Group) Co's highest Days Sales Outstanding was 197.81. The lowest was 107.32. And the median was 149.11.

SZSE:002669's Days Sales Outstanding is ranked worse than
96.18% of 1520 companies
in the Chemicals industry
Industry Median: 65.215 vs SZSE:002669: 197.81

Kangda New Materials (Group) Co's Days Sales Outstanding increased from Sep. 2023 (197.87) to Sep. 2024 (200.03).

Kangda New Materials (Group) Co Days Sales Outstanding Historical Data

The historical data trend for Kangda New Materials (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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Kangda New Materials (Group) Co Days Sales Outstanding Chart

Kangda New Materials (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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196.22

127.98

130.67

146.20

170.93

Kangda New Materials (Group) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															197.87	174.28	246.16	171.64	200.03

Competitive Comparison of Kangda New Materials (Group) Co's Days Sales Outstanding

For the Specialty Chemicals subindustry, Kangda New Materials (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.

Kangda New Materials (Group) Co's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kangda New Materials (Group) Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Kangda New Materials (Group) Co's Days Sales Outstanding falls into.

Kangda New Materials (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.

Kangda New Materials (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
=	( (1153.802	+	1461.667)	/	2 )	/	2792.525	*	365
=	1307.7345					/	2792.525	*	365
=	170.93

Kangda New Materials (Group) Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (1682.25	+	1897.315)	/	2 )	/	816.474	*	365 / 4
=	1789.7825					/	816.474	*	365 / 4
=	200.03

Kangda New Materials (Group) Co (SZSE:002669) Days Sales Outstanding Explanation

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

Kangda New Materials (Group) Co Days Sales Outstanding Related Terms

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Kangda New Materials (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kangda New Materials (Group) Co Ltd (SZSE:002669) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.655, Qingda Road, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.kangda-sh.com

Kangda New Materials (Group) Co Ltd is mainly engaged in the research, development, production, and sale of adhesive and sealant products. The company provides more than 200 kinds of products, including epoxy adhesive, polyurethane adhesive, acrylate AB adhesive (SGA), cyanoacrylate adhesive, UV curing adhesive, silicon rubber, anaerobic adhesive, butyl hot melt adhesive, industrial repair putty, spray polyurea and others. The products are widely used in the fields of loudspeaker assembling, energy power plants, transportation, anti-corrosion, ports and mines, military equipment, mechanical equipment, electronic appliances, and construction reinforcement.

Executives

Yao Qi Sheng	Directors, executives
Lu Wei	Executives
Wu Ming	Supervisors
Xu Hong Shan	Executives
Wen Dong Hua	Independent director
Wang Zhi Hua	Executives

Kangda New Materials (Group) Co Headlines

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