Shenzhen Weiguang Biological Products Co (SZSE:002880) Days Sales Outstanding : 25.77 (As of Mar. 2024)

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What is Shenzhen Weiguang Biological Products Co Days Sales Outstanding?

Shenzhen Weiguang Biological Products Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥64 Mil. Shenzhen Weiguang Biological Products Co's Revenue for the three months ended in Mar. 2024 was ¥226 Mil. Hence, Shenzhen Weiguang Biological Products Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 25.77.

The historical rank and industry rank for Shenzhen Weiguang Biological Products Co's Days Sales Outstanding or its related term are showing as below:

SZSE:002880' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.46 Med: 29.72 Max: 63.18
Current: 22.18

During the past 12 years, Shenzhen Weiguang Biological Products Co's highest Days Sales Outstanding was 63.18. The lowest was 1.46. And the median was 29.72.

SZSE:002880's Days Sales Outstanding is ranked better than
91.71% of 1001 companies
in the Drug Manufacturers industry
Industry Median: 72.57 vs SZSE:002880: 22.18

Shenzhen Weiguang Biological Products Co's Days Sales Outstanding declined from Mar. 2023 (41.21) to Mar. 2024 (25.77).

Shenzhen Weiguang Biological Products Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Weiguang Biological Products 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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Shenzhen Weiguang Biological Products Co Days Sales Outstanding Chart

Shenzhen Weiguang Biological Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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45.35

48.58

47.39

63.18

27.54

Shenzhen Weiguang Biological Products 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															41.21	24.11	18.15	17.51	25.77

Competitive Comparison of Shenzhen Weiguang Biological Products Co's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Shenzhen Weiguang Biological Products 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.

Shenzhen Weiguang Biological Products Co's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shenzhen Weiguang Biological Products Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shenzhen Weiguang Biological Products Co's Days Sales Outstanding falls into.

Shenzhen Weiguang Biological Products 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.

Shenzhen Weiguang Biological Products 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
=	( (102.844	+	55.403)	/	2 )	/	1048.503	*	365
=	79.1235					/	1048.503	*	365
=	27.54

Shenzhen Weiguang Biological Products 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
=	( (55.403	+	72.424)	/	2 )	/	226.302	*	365 / 4
=	63.9135					/	226.302	*	365 / 4
=	25.77

Shenzhen Weiguang Biological Products Co (SZSE:002880) Days Sales Outstanding Explanation

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

Shenzhen Weiguang Biological Products Co Days Sales Outstanding Related Terms

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Shenzhen Weiguang Biological Products Co (SZSE:002880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shenzhen Weiguang Biological Products Co Ltd (SZSE:002880) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Guangming Street, No. 3402, Guangqiao Avenue, Guangming New District, Guangdong Province, Guangming, CHN, 518107

Website

http://www.szwg.com

Shenzhen Weiguang Biological Products Co Ltd is the pharmaceutical company. It is mainly engaged in the research and development, production and sales of blood products. The company's products portfolio includes human albumin, intravenous immunoglobulin (pH4), lyophilized human immunoglobulin (pH4), human immunoglobulin, hepatitis B human immunoglobulin, rabies immunoglobulin, tetanus Human immunoglobulin, histamine human immunoglobulin, human fibrinogen, a total of 21 varieties of 21 specifications.

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