Northking Information Technology Co (SZSE:002987) Days Sales Outstanding : 89.56 (As of Mar. 2024)

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What is Northking Information Technology Co Days Sales Outstanding?

Northking Information Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,095 Mil. Northking Information Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,115 Mil. Hence, Northking Information Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 89.56.

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

SZSE:002987' s Days Sales Outstanding Range Over the Past 10 Years
Min: 69.52 Med: 78.42 Max: 97.96
Current: 97.96

During the past 8 years, Northking Information Technology Co's highest Days Sales Outstanding was 97.96. The lowest was 69.52. And the median was 78.42.

SZSE:002987's Days Sales Outstanding is ranked worse than
75.73% of 2724 companies
in the Software industry
Industry Median: 61.82 vs SZSE:002987: 97.96

Northking Information Technology Co's Days Sales Outstanding increased from Mar. 2023 (89.04) to Mar. 2024 (89.56).

Northking Information Technology Co Days Sales Outstanding Historical Data

The historical data trend for Northking Information 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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Northking Information Technology Co Days Sales Outstanding Chart

Northking Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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69.76

69.52

79.83

77.00

71.82

Northking Information 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															89.04	108.31	103.08	86.43	89.56

Competitive Comparison of Northking Information Technology Co's Days Sales Outstanding

For the Information Technology Services subindustry, Northking Information 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.

Northking Information Technology Co's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Northking Information Technology Co's Days Sales Outstanding distribution charts can be found below:

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

Northking Information 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.

Northking Information 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
=	( (777.187	+	892.199)	/	2 )	/	4242.011	*	365
=	834.693					/	4242.011	*	365
=	71.82

Northking Information 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
=	( (892.199	+	1297.318)	/	2 )	/	1115.397	*	365 / 4
=	1094.7585					/	1115.397	*	365 / 4
=	89.56

Northking Information Technology Co (SZSE:002987) Days Sales Outstanding Explanation

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

Northking Information Technology Co Days Sales Outstanding Related Terms

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Northking Information Technology Co (SZSE:002987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Northking Information Technology Co Ltd (SZSE:002987) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 West Third Ring North Road, 7th Floor, Haidian District, Beijing, CHN, 100089

Website

http://www.northking.net

Northking Information Technology Co Ltd is a provider of information technology services and business process outsourcing services to banking-based financial institutions. The company's services include technology development, technology promotion, technology transfer, technology consulting, technical services; computer technology training; computer system services; data processing; computer maintenance; basic software services, application software services; accepting financial information technology outsourcing services entrusted by financial institutions, entrusting financial institutions with financial business process outsourcing services, entrusting financial institutions with financial knowledge process outsourcing services, among others.

Executives

Ding Zhi Peng	Director
Zhao Long Hu	Directors, executives

Northking Information Technology Co (SZSE:002987) Headlines

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