Shenzhen Inovance Technology Co (SZSE:300124) Days Sales Outstanding : 112.72 (As of Mar. 2024)

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What is Shenzhen Inovance Technology Co Days Sales Outstanding?

Shenzhen Inovance Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥8,020 Mil. Shenzhen Inovance Technology Co's Revenue for the three months ended in Mar. 2024 was ¥6,492 Mil. Hence, Shenzhen Inovance Technology Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 112.72.

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

SZSE:300124' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.72 Med: 88.48 Max: 107
Current: 84.23

During the past 13 years, Shenzhen Inovance Technology Co's highest Days Sales Outstanding was 107.00. The lowest was 68.72. And the median was 88.48.

SZSE:300124's Days Sales Outstanding is ranked worse than
54.51% of 2957 companies
in the Industrial Products industry
Industry Median: 79.33 vs SZSE:300124: 84.23

Shenzhen Inovance Technology Co's Days Sales Outstanding declined from Mar. 2023 (118.27) to Mar. 2024 (112.72).

Shenzhen Inovance Technology Co Days Sales Outstanding Historical Data

The historical data trend for Shenzhen Inovance 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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Shenzhen Inovance Technology Co Days Sales Outstanding Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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107.00

85.03

75.16

85.71

91.25

Shenzhen Inovance 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															118.27	80.62	89.53	72.11	112.72

Competitive Comparison of Shenzhen Inovance Technology Co's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance 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.

Shenzhen Inovance Technology Co's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Inovance Technology Co's Days Sales Outstanding distribution charts can be found below:

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

Shenzhen Inovance 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.

Shenzhen Inovance 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
=	( (6415.085	+	8794.87)	/	2 )	/	30419.925	*	365
=	7604.9775					/	30419.925	*	365
=	91.25

Shenzhen Inovance 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
=	( (8794.87	+	7244.889)	/	2 )	/	6492.396	*	365 / 4
=	8019.8795					/	6492.396	*	365 / 4
=	112.72

Shenzhen Inovance Technology Co (SZSE:300124) 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 Inovance Technology Co Days Sales Outstanding Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

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