MeiG Smart Technology Co (SZSE:002881) Days Sales Outstanding : 99.38 (As of Mar. 2024)

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What is MeiG Smart Technology Co Days Sales Outstanding?

MeiG Smart Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥626 Mil. MeiG Smart Technology Co's Revenue for the three months ended in Mar. 2024 was ¥574 Mil. Hence, MeiG Smart Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 99.38.

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

SZSE:002881' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.29 Med: 88.9 Max: 101.59
Current: 95.44

During the past 11 years, MeiG Smart Technology Co's highest Days Sales Outstanding was 101.59. The lowest was 51.29. And the median was 88.90.

SZSE:002881's Days Sales Outstanding is ranked worse than
67.7% of 2458 companies
in the Hardware industry
Industry Median: 74.215 vs SZSE:002881: 95.44

MeiG Smart Technology Co's Days Sales Outstanding increased from Mar. 2023 (92.99) to Mar. 2024 (99.38).

Warning Sign:

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

MeiG Smart Technology Co Days Sales Outstanding Historical Data

The historical data trend for MeiG Smart Technology 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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MeiG Smart Technology Co Days Sales Outstanding Chart

MeiG Smart Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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90.21

72.47

51.29

58.41

91.18

MeiG Smart Technology 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															92.99	84.53	105.56	101.70	99.38

Competitive Comparison of MeiG Smart Technology Co's Days Sales Outstanding

For the Communication Equipment subindustry, MeiG Smart Technology 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.

MeiG Smart Technology Co's Days Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MeiG Smart Technology Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where MeiG Smart Technology Co's Days Sales Outstanding falls into.

MeiG Smart Technology 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.

MeiG Smart Technology 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
=	( (416.819	+	655.98)	/	2 )	/	2147.336	*	365
=	536.3995					/	2147.336	*	365
=	91.18

MeiG Smart Technology 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
=	( (655.98	+	595.242)	/	2 )	/	574.455	*	365 / 4
=	625.611					/	574.455	*	365 / 4
=	99.38

MeiG Smart Technology Co (SZSE:002881) Days Sales Outstanding Explanation

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

MeiG Smart Technology Co Days Sales Outstanding Related Terms

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MeiG Smart Technology Co (SZSE:002881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103

Website

http://www.meigsmart.com

MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.

Executives

Ning Huan	Supervisors
Ning Jian	Supervisors
Chen Yue Liang	Secretary, Director

MeiG Smart Technology Co (SZSE:002881) Headlines

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