Shandong Meichen Ecology & Environment Co (SZSE:300237) Days Sales Outstanding : 269.85 (As of Mar. 2024)

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What is Shandong Meichen Ecology & Environment Co Days Sales Outstanding?

Shandong Meichen Ecology & Environment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,276 Mil. Shandong Meichen Ecology & Environment Co's Revenue for the three months ended in Mar. 2024 was ¥431 Mil. Hence, Shandong Meichen Ecology & Environment Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 269.85.

The historical rank and industry rank for Shandong Meichen Ecology & Environment Co's Days Sales Outstanding or its related term are showing as below:

SZSE:300237' s Days Sales Outstanding Range Over the Past 10 Years
Min: 65.34 Med: 111.31 Max: 320.85
Current: 258.42

During the past 13 years, Shandong Meichen Ecology & Environment Co's highest Days Sales Outstanding was 320.85. The lowest was 65.34. And the median was 111.31.

SZSE:300237's Days Sales Outstanding is ranked worse than
97.33% of 1275 companies
in the Vehicles & Parts industry
Industry Median: 60.34 vs SZSE:300237: 258.42

Shandong Meichen Ecology & Environment Co's Days Sales Outstanding declined from Mar. 2023 (293.97) to Mar. 2024 (269.85).

Shandong Meichen Ecology & Environment Co Days Sales Outstanding Historical Data

The historical data trend for Shandong Meichen Ecology & Environment 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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Shandong Meichen Ecology & Environment Co Days Sales Outstanding Chart

Shandong Meichen Ecology & Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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131.19

136.74

210.53

320.85

272.12

Shandong Meichen Ecology & Environment 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															293.97	282.55	282.21	222.30	269.85

Competitive Comparison of Shandong Meichen Ecology & Environment Co's Days Sales Outstanding

For the Auto Parts subindustry, Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment Co's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Ecology & Environment Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shandong Meichen Ecology & Environment Co's Days Sales Outstanding falls into.

Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment 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
=	( (1185.406	+	1325.556)	/	2 )	/	1684.003	*	365
=	1255.481					/	1684.003	*	365
=	272.12

Shandong Meichen Ecology & Environment 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
=	( (1325.556	+	1226.213)	/	2 )	/	431.449	*	365 / 4
=	1275.8845					/	431.449	*	365 / 4
=	269.85

Shandong Meichen Ecology & Environment Co (SZSE:300237) Days Sales Outstanding Explanation

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

Shandong Meichen Ecology & Environment Co Days Sales Outstanding Related Terms

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Shandong Meichen Ecology & Environment Co (SZSE:300237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Ecology & Environment Co Ltd (SZSE:300237) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

Shandong Meichen Ecology & Environment Co (SZSE:300237) Headlines

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