Beijing Tongtech Co (SZSE:300379) Days Sales Outstanding : 699.08 (As of Mar. 2024)

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What is Beijing Tongtech Co Days Sales Outstanding?

Beijing Tongtech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥579.9 Mil. Beijing Tongtech Co's Revenue for the three months ended in Mar. 2024 was ¥75.7 Mil. Hence, Beijing Tongtech Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 699.08.

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

SZSE:300379' s Days Sales Outstanding Range Over the Past 10 Years
Min: 254.08 Med: 321.94 Max: 455.62
Current: 376.12

During the past 13 years, Beijing Tongtech Co's highest Days Sales Outstanding was 455.62. The lowest was 254.08. And the median was 321.94.

SZSE:300379's Days Sales Outstanding is ranked worse than
96.44% of 2725 companies
in the Software industry
Industry Median: 61.89 vs SZSE:300379: 376.12

Beijing Tongtech Co's Days Sales Outstanding declined from Mar. 2023 (1,772.12) to Mar. 2024 (699.08).

Beijing Tongtech Co Days Sales Outstanding Historical Data

The historical data trend for Beijing Tongtech 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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Beijing Tongtech Co Days Sales Outstanding Chart

Beijing Tongtech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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286.69

287.58

254.08

324.37

455.62

Beijing Tongtech 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															1,772.12	540.12	434.69	199.78	699.08

Competitive Comparison of Beijing Tongtech Co's Days Sales Outstanding

For the Software - Application subindustry, Beijing Tongtech 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.

Beijing Tongtech Co's Days Sales Outstanding Distribution in the Software Industry

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

* The bar in red indicates where Beijing Tongtech Co's Days Sales Outstanding falls into.

Beijing Tongtech 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.

Beijing Tongtech 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
=	( (778.364	+	611.708)	/	2 )	/	556.794	*	365
=	695.036					/	556.794	*	365
=	455.62

Beijing Tongtech 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
=	( (611.708	+	548.156)	/	2 )	/	75.698	*	365 / 4
=	579.932					/	75.698	*	365 / 4
=	699.08

Beijing Tongtech Co (SZSE:300379) Days Sales Outstanding Explanation

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

Beijing Tongtech Co Days Sales Outstanding Related Terms

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Beijing Tongtech Co (SZSE:300379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Tongtech Co Ltd (SZSE:300379) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139, Fengtai Road, Room 311, Main Building, Fengtai District, Beijing, CHN, 100080

Website

http://www.tongtech.com

Beijing Tongtech Co Ltd is a Chinese provider of next-generation software infrastructure and applications. It offers solutions such as middleware, information security, big data, wireless network optimization, mobile applications products, among others. The company offered products and solutions are used various industries including financial, communications, government, energy, and transportation.

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