Levima Advanced Materials (SZSE:003022) Days Sales Outstanding : 11.58 (As of Mar. 2024)

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What is Levima Advanced Materials Days Sales Outstanding?

Levima Advanced Materials's average Accounts Receivable for the three months ended in Mar. 2024 was ¥189 Mil. Levima Advanced Materials's Revenue for the three months ended in Mar. 2024 was ¥1,487 Mil. Hence, Levima Advanced Materials's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.58.

The historical rank and industry rank for Levima Advanced Materials's Days Sales Outstanding or its related term are showing as below:

SZSE:003022' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3.41 Med: 7.24 Max: 10
Current: 10

During the past 8 years, Levima Advanced Materials's highest Days Sales Outstanding was 10.00. The lowest was 3.41. And the median was 7.24.

SZSE:003022's Days Sales Outstanding is ranked better than
96.66% of 1527 companies
in the Chemicals industry
Industry Median: 64.08 vs SZSE:003022: 10.00

Levima Advanced Materials's Days Sales Outstanding increased from Mar. 2023 (9.42) to Mar. 2024 (11.58).

Levima Advanced Materials Days Sales Outstanding Historical Data

The historical data trend for Levima Advanced Materials'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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Levima Advanced Materials Days Sales Outstanding Chart

Levima Advanced Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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6.51

8.87

8.01

7.96

9.96

Levima Advanced Materials 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															9.42	9.28	10.22	9.98	11.58

Competitive Comparison of Levima Advanced Materials's Days Sales Outstanding

For the Chemicals subindustry, Levima Advanced Materials'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.

Levima Advanced Materials's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Levima Advanced Materials's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Levima Advanced Materials's Days Sales Outstanding falls into.

Levima Advanced Materials 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.

Levima Advanced Materials'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
=	( (173.888	+	196.071)	/	2 )	/	6777.585	*	365
=	184.9795					/	6777.585	*	365
=	9.96

Levima Advanced Materials'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
=	( (196.071	+	181.263)	/	2 )	/	1487.14	*	365 / 4
=	188.667					/	1487.14	*	365 / 4
=	11.58

Levima Advanced Materials (SZSE:003022) Days Sales Outstanding Explanation

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

Levima Advanced Materials Days Sales Outstanding Related Terms

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Levima Advanced Materials (SZSE:003022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Levima Advanced Materials Corp (SZSE:003022) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Resident of Mushi Town, Shandong Province (Mushi Industrial Park), Tengzhou, CHN, 277500

Website

http://www.levima.cn

Levima Advanced Materials Corp is a producer and supplier of high-end advanced material products and solutions. Levima advanced material product mainly include Ethylene-vinyl acetate, polypropylene, ethylene oxide and ethylene oxide derivative, which are widely used in photovoltaic, cable, shoe material, plastic, daily chemical, textile, construction, road, bridge, automobile, leather, coating, agricultural chemical, metal processing and other fields.

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